The crypto market has experienced multiple changes in the past 24 hours. BTC fell below the $87,000 mark, putting pressure on the entire crypto sector, with the Layer2 concept sector leading the decline by nearly 7%, making it the most significant drop.
The contract market has been highly volatile, with a total of $237 million in liquidations across the network in the past day, mainly driven by short positions being liquidated, indicating intense competition between bulls and bears at key price levels.
In terms of projects, ASTER will launch its fifth phase of airdrop activities on December 22, releasing 1.2% of the total supply to community participants. Meanwhile, a well-known payment platform announced a partnership with DBS Bank to expand crypto payment services within Singapore, marking further recognition of the Web3 ecosystem by traditional financial institutions.
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ContractExplorer
· 12-19 11:30
It dropped again, Layer2 is collapsing badly. This time I'm really a bit panicked.
Contract liquidations reached 2.37 billion, mainly shorts? Bulls are bottom fishing.
ASTER airdrop came quite timely, just worried it's another routine to cut the leeks.
Payment platforms and DBS Bank are cooperating well, at least some people are building Web3.
It feels like the big players are quietly accumulating at the bottom, while retail investors are still panicking and selling off.
Could this wave of correction be an opportunity, or should I keep dumping?
$87,000 can't even hold, where's the next support level?
The entire sector is so green, should I reduce or increase my positions?
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Hash_Bandit
· 12-18 07:56
btc breaking below 87k already? man, this is giving me 2018 vibes except back then we didn't have this many layer2 plays getting liquidated lol. 237m in shorts getting rekt is honestly wild tho... the network's been running hotter than a miner's rig in july
Reply0
ProbablyNothing
· 12-18 07:54
Layer2 got hit again. This wave of short squeeze liquidations is quite a lot.
Breaking 87,000 on BTC is a bit painful, but the Star airdrop is a positive.
Traditional finance is starting to enter the market, it seems Web3 still has hope.
This dip is just cleaning out the retail investors, old trick.
Liquidations of 2.37 billion, someone is making a lot here.
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FrontRunFighter
· 12-18 07:47
2.37 billion in liquidations and nobody's talking about the MEV bots feasting in the dark forest? classic. layer 2 getting hammered while traditional finance plays nice with banks... love the theater
The crypto market has experienced multiple changes in the past 24 hours. BTC fell below the $87,000 mark, putting pressure on the entire crypto sector, with the Layer2 concept sector leading the decline by nearly 7%, making it the most significant drop.
The contract market has been highly volatile, with a total of $237 million in liquidations across the network in the past day, mainly driven by short positions being liquidated, indicating intense competition between bulls and bears at key price levels.
In terms of projects, ASTER will launch its fifth phase of airdrop activities on December 22, releasing 1.2% of the total supply to community participants. Meanwhile, a well-known payment platform announced a partnership with DBS Bank to expand crypto payment services within Singapore, marking further recognition of the Web3 ecosystem by traditional financial institutions.