Bitcoin Drops Below $85,000, Triggers $561M in Liquidations

2025-12-19 18:01

Bitcoin's price fell below $85,000 on Thursday, reaching a three-week low of $84,500 and impacting the broader cryptocurrency market. Ethereum also declined, falling below $2,800. CoinGlass reported that $561.91 million in crypto positions were liquidated over 24 hours, with long positions suffering the most. Bitcoin and Ethereum were the primary contributors to the liquidations, with $195.82 million and $148.16 million in leveraged trades closed, respectively. Analysts cautioned that a continued decline below $85,000 could push Bitcoin towards $80,000, attributing the sell-off to both large players and typical market volatility.

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