Bitcoin, Ethereum Down 2% Despite Retail Rotation: What’s Going On?
Posted On December 23, 2025
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) saw $1.4 billion in liquidations over the past week as retail capitulates on altcoins and rotates back into majors.
What Happened: Bitcoin slipped below $85,000 mid-week before grinding back to $90,000 by the end of last week, though it has failed to follow through this week.
Ethereum dropped below $3,000 as liquidations hit $600 million Monday, then another $400 million on Wednesday and Thursday, respectively
The damage was severe but short-lived.
Overleveraged positions got wiped out quickly, forcing traders to retreat into Bitcoin and Ethereum—the only assets with enough liquidity to absorb the shock.