{"id":62154,"date":"2025-12-05T17:32:09","date_gmt":"2025-12-05T17:32:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=62154"},"modified":"2025-12-05T17:32:09","modified_gmt":"2025-12-05T17:32:09","slug":"bitcoin-price-suddenly-drops-to-88k-as-liquidations-surge-to-500m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=62154","title":{"rendered":"Bitcoin Price Suddenly Drops to $88K as Liquidations Surge to $500M"},"content":{"rendered":"
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Bitcoin\u2019s apparent calmness and stabilization above $90,000 didn\u2019t last long, as the asset plunged below that level to a 5-day low of $88,000.<\/p>\n

Naturally, the altcoins have followed suit, which means that the overall liquidations are on the rise again, hitting $500 million on a daily scale.<\/p>\n

\"BTCUSD<\/a>
BTCUSD Dec 5. Source: TradingView<\/figcaption><\/figure>\n

Recall that the primary cryptocurrency dumped on Monday by over seven grand in just a day, but quickly rebounded<\/a> and surged past $90,000. It remained there for a few consecutive days and even challenged $94,000 on a couple of occasions.<\/p>\n

However, it couldn\u2019t penetrate that level and calmed at around $92,000 by Friday, as reported<\/a> earlier. The bears came back minutes ago and initiated a fresh leg down that drove bitcoin south to $88,000.<\/p>\n

The altcoins are in the red as well. Ethereum, which exceeded $3,200 yesterday, is close to breaking below $3,000 after a 4.6% drop in a day. XRP is also just inches above a crucial support level, having slipped to $2.04 as of press time. SOL, DOGE, and ADA have marked even more substantial declines of up to 7.3%.<\/p>\n

CC, APT, HYPE, PUMP, PEPE, and ENA have plunged by double digits, while WLD and AVAX have plummeted by up to 9%. The total crypto market cap has shed $80 billion in hours to $3.1 trillion as of press time.<\/p>\n

The liquidations within the past 24 hours have risen to $500 million once again, with $420 million in longs. The total number of wrecked traders has exceeded 140,000, while the single-largest liquidated order was on Hyperliquid and was worth $8.5 million, according to CoinGlass data.<\/p>\n

\"Liquidation<\/a>
Liquidation Data Dec 5 on CoinGlass<\/figcaption><\/figure>\n

The post Bitcoin Price Suddenly Drops to $88K as Liquidations Surge to $500M<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s apparent calmness and stabilization above $90,000 didn\u2019t last long, as the asset plunged below that level to a 5-day low of $88,000. Naturally, the altcoins have followed suit, which means that the overall liquidations are on the rise again, hitting $500 million on a daily scale. BTCUSD Dec 5. Source: TradingView Recall that the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-62154","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62154"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62154\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}