2025-12-26 18:21:10

The market is freezing to the bone, and those shouting about bottom-fishing everywhere are probably still not truly familiar with what a bear market really feels like.

On Christmas Eve, while the US stock market hit new highs and gold surged, Bitcoin experienced a chilling "flash crash": on a major exchange's BTC/USD trading pair, Bitcoin's price plummeted from $87,600 to $24,100 in just a few seconds, a drop of over 70%. Although the price quickly rebounded, this extreme event clearly exposed the true state of the current market—severely lacking liquidity, with risks ready to explode at any moment.

As of December 26, Bitcoin was still oscillating around $88,000, nearly 30% below its all-time high in October. At this rate, it’s likely to record the worst quarterly performance since mid-2022.

**This year, Bitcoin has been quite miserable.**

From the beginning of the year until now, it has fallen more than 7%. During the same period, gold rose over 70%, and the S&P 500 gained 17%. The much-hyped "digital gold" concept has completely failed in the face of real gold and silver.

The Christmas market was supposed to have some festive atmosphere, but what happened? This year has been unusually quiet. Bitcoin is trapped within a narrow range of $85,000 to $90,000, repeatedly failing to break through the $90,000 mark. Institutional money is also accelerating its exit—on December 24 alone, there was a net outflow of $175 million from spot ETFs, with a major fund losing over $90 million in a single day. Such large-scale capital fleeing during the holiday season indicates that market pessimism has become quite intense.

BTC-0.1%

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Web3ExplorerLin

· 4h ago

hypothesis: that 70% flash crash wasn't a glitch, it was the market's oracle network finally revealing what everyone's been avoiding—liquidity's basically a mirage rn

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AirdropHunterWang

· 4h ago

Most of the people bottom-fishing haven't experienced a real decline. Dropping from 87,600 to 24,100 in a few seconds is truly terrifying, and even institutions are quietly withdrawing.

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Layer2Arbitrageur

· 4h ago

lmao that 70% flash crash is just *chef's kiss* for extracting MEV... if you had the right infrastructure. liquidity crunch hitting different when institutions are dumping 175M in a single day tho ngl

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NftRegretMachine

· 4h ago

The moment 70% plummeted, I knew this was not a bottom-fishing opportunity at all; liquidity has completely collapsed. Those shouting about bottom-fishing really haven't experienced a true bear market. Digital gold? Ha, when gold rose 70%, Bitcoin was falling. That claim should have been discredited long ago. An institution losing $90 million in a month and still trying to hold back a laugh... This panic continues even during holidays, indicating that no one truly believes in this market. $88,000 is stuck tightly and not moving, and this repeated oscillation really looks hopeless. Bitcoin has fallen 7% this year, while the S&P 500 has risen 17%. The story of digital assets can no longer be told. From $87,600 directly crashing to $24,100, I’ve seen through the depth of this move. Institutional funds are retreating, yet retail investors are still bullish? That’s too funny. The $90,000 threshold can't even be broken, and this round of market decline is truly dead and thorough.

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