On the night of December 15 to 16, 2025, the cryptocurrency market experienced a significant drop in the value of Bitcoin, which fell from $90,000 to nearly $85,000. This sharp decline in price led to massive liquidations of futures positions, totaling $658.89 million in just one day.
This is reported by Business • Media
The Major Losses Were in Long Positions
The most substantial losses were incurred by traders who had opened long positions — their losses amounted to $583.15 million. Traders betting on a decline (short positions) lost $75.74 million. In total, over 190,000 cryptotraders suffered losses during this period. Specifically, liquidations for Bitcoin reached $186.07 million, while Ethereum saw $234.94 million in liquidations.
According to CoinGlass, one of the largest liquidations, amounting to $11.58 million, was recorded on the Binance exchange. This platform led in liquidation volumes ($179.34 million), followed by Bybit ($159.29 million) and Hyperliquid (over $153.88 million).
The Impact of the Fed’s Statement and the Current Market Situation
“The decline in the price of the first cryptocurrency continues following the Fed’s interest rate announcement.”
The market downturn began after the Federal Reserve’s decision on December 10 to lower the base interest rate by 0.25% — to a range of 3.5%-3.75%. This was a key factor that prompted traders to engage in mass selling.
As of the preparation of this publication, Bitcoin is trading at $86,368, according to TradingView. For comparison, at the beginning of October, Bitcoin reached an all-time high, exceeding $125,000, after which the market experienced a record wave of liquidations totaling over $19 billion.
The Fear and Greed Index in the cryptocurrency market currently stands at 22 points, indicating panic among market participants. Over the course of a day, this indicator has decreased by five points, showing an increase in fear.
The Bitcoin dominance rate in the cryptocurrency market has reached 59.24%, according to TradingView. Meanwhile, short-term Bitcoin holders continue to realize losses as the asset’s price remains below their average cost basis, according to CryptoQuant.