2025-12-06 09:21:44

This rally came quite suddenly—Bitcoin dropped straight to $88,000 without much warning, while Ethereum managed to hold the $3,000 support line. Rumors are flying all over the market: some say certain institutions are dumping, others think it's just contract traders getting liquidated back and forth. But for spot holders, the mentality is still relatively stable, since they're always ready to catch the dip and buy the falling knife.

The data doesn't lie: in the past 24 hours, over 130,000 traders were liquidated across the network, with the total amount reaching $413 million. Of that, long positions accounted for $341 million, while short positions saw over $71 million wiped out. This kind of two-way squeeze shows just how extreme the market volatility is.

**Weekend Technical Brief**

Looking at the daily chart, BTC and ETH have been rebounding and rising since the last bottom. Although there have been a few pullbacks, none have broken key support levels, and the bottom structure continues to rise step by step in a stair-like fashion. Prices are now approaching the strong resistance zone near previous highs, so short-term pullbacks are normal. The good news is that the overall trend remains within the upward channel, with no dangerous signs of a breakdown.

**Bitcoin (BTC)**
The weekly structure is still bullish, with key daily support around $88,000. As long as this level holds, the trend remains bullish. If it breaks down significantly, a reevaluation will be needed.

**Ethereum (ETH)**
The daily chart is the main reference frame. In the short term, upward movement needs to break through the $3,228 and $3,436 resistance levels. Only after breaking through both can we look toward the $3,600+ area. The current strategy is to maintain a rebound mindset—if pullbacks don't break support, continue holding or consider adding positions at the right opportunity, and follow the trend after resistance is broken.

**Altcoin Warning**
It's best to avoid altcoins, especially when the major market is unstable, as the risk factor increases exponentially.

BTC1.01%

ETH0.39%

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MetaverseLandlord

· 13h ago

130,000 people liquidated for over 400 million, contracts really are a meat grinder. If the 88k line holds, there’s still hope; if it breaks, just have to accept the loss. Spot holders are laughing, we’re not afraid of a crash anyway, just waiting to buy the dip. Altcoins? Forget it, touching those things now is just giving away money. ETH pushing to 3600 looks alright, but depends on BTC’s mood. $413 million gone in a day, this wave is truly brutal.

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CommunityJanitor

· 12-06 09:49

Liquidated for 400 million, this time futures traders really got wiped out. 130,000 people went down with it, damn, still too greedy. If 88,000 can't hold, I'll just admit the loss—anyway, I can still buy the spot. Touching altcoins at this time is just giving money away. Stair-step climb? That term just sounds like a scam.

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GasFeeTherapist

· 12-06 09:46

130,000 people liquidated for 400 million, this is just another day in the crypto world. Contract traders’ blood is spilled for nothing again. But wait, is this round institutions dumping or is the wool coming off the sheep's back? Who can really say? Can 88,000 hold? Feels like there’s another drop coming. Really, don’t touch altcoins. I’ve learned my lesson. Spot holders are definitely comfortable. Catching bottoms and falling knives is what I do best. This technical analysis seems a bit optimistic. Why do I feel like a breakdown is coming? 3,600? That’s too far off. Let’s focus on whether 3,228 can be broken first. Another round of harvesting. Retail investors should wake up. If 88,000 is lost, I’ll just admit defeat. No other choice.

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BearMarketSurvivor

· 12-06 09:38

130,000 people liquidated for over 400 million—contracts really are ruthless. --- If 88,000 can't hold, we'll have to look back at the next support. Feeling a bit anxious. --- Spot holders are the real winners; this dip is the perfect buying opportunity. --- Seriously, stay away from altcoins. With the market like this, playing alts is just giving away your money. --- It's a double-sided squeeze. Institutions are harvesting retail again—same old routine. --- ETH to 3,600? Gotta get past those two resistance levels first. Doesn't look easy. --- Shorts lost a lot too. Now that's real volatility. --- Is the 88,000 support really that crucial? Feels overhyped. --- Rebound strategy is right: if support breaks, just get out. Simple and effective. --- Condolences to those liquidated. Contracts aren't for the average person.

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DefiVeteran

· 12-06 09:31

Oh man, it’s another round of getting rekt—130,000 people liquidated, this one hurts. Contract traders are getting wrecked over and over, while spot holders are making bank. If 88,000 can’t hold, it’s really dangerous. I’m betting it can hold. Over 400 million in liquidations? That’s just the fate of retail. ETH is still the same, tons of resistance levels—let’s talk after it breaks through. Altcoins? Don’t even joke, touching those now is just giving away money. Damn, is it institutions dumping or just contract liquidations? Either way, I’m one of the big losers. When will we finally pump to five digits? Been waiting forever. If 88,000 doesn’t hold, how much room is there below? Exhausting. With this market, just holding is an act of strength—really just a test of who can keep their cool.

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ContractCollector

· 12-06 09:28

130,000 people were liquidated for 400 million, just hearing that is thrilling. This dump is really ruthless. Contract players lost everything, but us spot holders still have to keep buying the dip, life is tough. If 88,000 can't hold, it's over. My heart is in my throat. Why can't ETH break through 3,228? It's so frustrating. Altcoins really should be avoided. At a time like this, if you're still playing, you must want to give away your money. Among those 130,000 liquidated, I bet I know some of them. Sigh. Ladder-style climb sounds nice, but it feels like it could crash down at any moment. No matter how good the technical analysis is, it's not very useful. The market just follows the mood of the institutions. That 3,600 target is a bit too far; let's just hold 3,000 first. Spot holders are the most stable, and it really shows at times like this. The only ones making money from this two-way squeeze are gods; everyone else is cannon fodder. Waiting for a breakout? I'd rather run first, just to be safe. Another pullback, another rebound to wait for—it's just too exhausting. If institutions are dumping, I'm not increasing my position no matter what.

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ImpermanentPhilosopher

· 12-06 09:28

130,000 people liquidated for 400 million, contract traders are really having a tough time. --- If 88,000 can't hold, I'll just buy the dip, that's how spot trading goes anyway. --- Don't touch altcoins this round, the risk factor is exponentially higher, it's not a joke. --- If ETH breaks 3,228, feels like we need to wait—resistance is really tough there. --- Two-way squeeze? This institutional liquidation of contracts is such an old trick. --- Catching falling knives while buying the dip, I respect that mindset—you've got to be crazy to try. --- Raising the bottom structure sounds nice, but it only counts if it holds. --- 3,600 doesn't seem realistic, let's see if it breaks 3,436 first. --- Spot traders are definitely calm, while contract traders are already in deep trouble. --- This drop came out of nowhere, it's really wild. Time to reflect on my own positions.

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