7 December 2025
After a relatively quiet Friday and Saturday, Bitcoin suddenly started moving on Sunday evening. The price surged to a peak of $106.800, the highest level since late January. But this bullish momentum was short-lived. Within hours, the price dropped by as much as $4.000.
The increase of Bitcoin happened very quickly, from $104.000 to $106.800, but was immediately followed by a sharp rejection. Within minutes, the price was back to its original level.
This market turbulence has led to a wave of liquidations. Over the past 24 hours, nearly $280 million worth of positions have been liquidated, with much of that occurring in the last 12 hours.
It is notable that Ethereum longs were the ones that took the biggest hit. They accounted for over $80 million in liquidations, making them the largest share. Bitcoin shorts came in second.
In total, over 90.000 traders were liquidated in the past 24 hours. The largest single position was closed on the HTX platform, with the ETH/USDT trading pair, worth a whopping $8,21 million.
The crypto market remains in a state of extreme volatility. The big question now is whether Bitcoin will soon launch another attack on $106.000, or whether the bears will continue to dominate the playing field for the time being. The tension is palpable, and that is exactly what makes the crypto market so fascinating!
What Caused the Recent Surge in Bitcoin Price?
The price increase was driven by a combination of demand and market sentiment, leading to a rapid rise to a peak of $106.800.
Why are there so many liquidations?
The sharp price movement created a lot of uncertainty in the market, resulting in significant liquidations of both Bitcoin and Ethereum positions.
What can you expect from the future of the crypto market?
Volatility is a constant, and it’s hard to say whether Bitcoin will once again seek out the $106.000 resistance or whether the bears will call the shots. The next few days will be crucial.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
