#加密生态动态追踪 $ETH $BTC $GUN

**The Truth Behind the Midnight Flash Crash: 140,000 Liquidations, $272 Million Vanished**

In the early hours of December 16, the crypto market was hit by a precise attack. Bitcoin suddenly plunged without warning, breaking through the 87,000 mark in seconds, with a low of $85,833, down over 3% in 24 hours, hitting a new low since December. Ethereum was also unable to escape, with the $3,000 support instantly broken, dropping to a low of $2,955, a decline of over 4%. Mainstream coins like SOL and Dogecoin also followed the decline, with long positions being heavily liquidated.

How strong was the destructive power of this drop? The data speaks for itself — 140,000 traders were liquidated within 24 hours, with $272 million in funds evaporated. Among them, 85% were long positions wiped out, with a single ETH liquidation reaching as high as $4.85 million (about 34 million RMB). Market panic spread, with small-cap coins dropping over 10% in a single day, and technical levels being completely broken.

**Why did this sudden turn happen?**

Macroeconomic pressures are heavy. The Federal Reserve's probability of cutting interest rates in January has fallen to 24.4%, creating sustained pressure on risk assets in a high-interest-rate environment. Institutional sentiment is also shifting — Standard Chartered sharply cut its Bitcoin target price from $200,000 to $100,000, warning that "large investors' buying momentum has dried up." Geopolitical uncertainties are adding fuel to the fire — reports of "significant progress" in closed-door talks between Ukraine and the U.S. sent the market fear index soaring.

**The key question is**: after such a long sideways period, was this precise attack at dawn just a correction prelude or the final washout at the bottom? Can Bitcoin hold the $80,000 level? These questions remain to be seen.

How did you fare during this sharp decline? Feel free to share your thoughts in the comments.