Bitcoin, Ethereum, XRP Drop to Weekly Lows as $500M in Liquidations Trigger Selloff
Bitcoin fell to nearly $85,000 on Monday, its lowest price since early December, as liquidations exceeded $500 million across major cryptocurrencies. Ethereum and XRP declined in tandem, marking a retreat from year-end rally expectations.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Declines Across Major Assets
Bitcoin dropped to approximately $85,000 on Monday, according to multiple market data sources, marking its lowest daily price since early December. Ethereum and XRP declined alongside Bitcoin, though specific price levels were not detailed in available reporting. The moves reversed momentum from the so-called Santa rally, a seasonal pattern many traders had anticipated heading into year-end.
Liquidations Exceed $500 Million
Liquidations across spot and derivative markets topped $500 million as the price decline triggered margin calls and automated position closures. The scale of forced selling suggests significant leverage was concentrated at price levels near the recent highs, amplifying the downside move. Both sources reporting the event attributed the selloff partially to fading expectations around year-end price recovery.
Why It Matters
For Traders
Weekly lows may test support or trigger further liquidations if $85,000 does not hold; monitor liquidation heatmaps for next cluster.
For Investors
A break below December levels could signal weakness in retail conviction around a year-end rally, potentially extending downside into Q1.
For Builders
Large liquidation events stress testing on DeFi protocols and derivatives platforms; monitor oracle feeds and liquidation mechanisms for delays or failures.
This article is for information only and is not financial advice. Read the full disclaimer.
