Bitcoin fell below $87,000, and Ethereum fell to $2,900! Brother Maji continued to be long and lost US$3.4 million in one week
Bitcoin encountered a "painting gate" market late at night on December 17: First, around 22:45 in the evening, Bitcoin started to rise rapidly, exceeding US$90,000 in the short term; however, selling pressure emerged later, and Bitcoin gave up its gains and even fell below US$87,000. Ethereum followed a similar trend, first breaking through $3,000, and then quickly falling back to trade at $2,850 at the time of writing.
(Preliminary summary: Bitcoin selling pressure is about to end? K33: Long-term holder shipments are coming to an end, and institutional demand will bury a turnaround in 2026)
(Background supplement: Bloomberg analysts: Bitcoin will "fall to $10,000" after all the good news, community acid: a prophet who is always wrong)
Bitcoin encountered a "painting door" market late at night on December 17: first in the evening Around 22:45, Bitcoin started to rise rapidly, exceeding US$90,000 in the short term; however, selling pressure later emerged, and Bitcoin gave up its gains and even fell below US$87,000. Ethereum followed a similar trend, first breaking through $3,000, and then quickly falling back to trade at $2,850 at the time of writing.
According to Coingalss Data shows that in this wave of ups and downs, the amount of liquidated positions across the entire network in the past 4 hours reached US$194 million, of which US$72 million of long orders were liquidated and US$121 million of short orders were liquidated.
Majiâs big brother chased the rise and suffered heavy losses
It is worth mentioning that Huang Licheng, a well-known Taiwanese currency investor, once again chased the rise in the evening market. @OnchainLens monitoring showed that Maji deposited 149,904 USDC in the evening, and opened 40 times the Bitcoin long order, 10 times the HYPE long order, and increased the position by 25 times of Ethereumâs long orders, but all three are currently in the red.
In addition, according to hyperbot data, in the past week, Moji, as the "King of Long Orders", has suffered a cumulative loss of 3.4 million U.S. dollars, which can be said to be losing ground.
