LND
cryptoneutral

Crypto Traders Face Bigger Wipeouts as Bets Grow Riskier

Wednesday, December 3, 2025
Advertisement

Market Cycle Sees Surge in Daily Losses

  • Long positions: $68 million in daily liquidations
  • Short positions: $45 million in daily liquidations
  • Previous cycle:
  • Longs: $28 million daily
  • Shorts: $15 million daily

"Early Black Friday" - October 10th

  • Bitcoin price drop: $121,000 to $102,000
  • Liquidations: Over $640 million in long positions per hour
  • Open interest in Bitcoin futures: Dropped 22% in 12 hours
  • From $49.5 billion to $38.8 billion

Futures Trading Heats Up

  • Open interest: Record high of $67.9 billion
  • Daily trading volumes: As high as $68.9 billion in mid-October
  • Perpetual contracts: Over 90% of activity

Bitcoin Spot Trading Volume Doubles

  • Daily range: $8 billion to $22 billion
  • October 10th crash: Hourly spot volume spiked to $7.3 billion

U.S. Spot ETFs Influence Bitcoin Price

  • Market share growth: 38.7% to 58.3% since late 2022
  • Capital inflows: $40 billion to $190 billion monthly
  • Realized capitalization: Record $1.1 trillion

Bitcoin as a Settlement Network

  • Past 90 days: Processed $6.9 trillion in transfers
  • Surpassed: Visa and Mastercard volumes
  • Supply shift: From retail to institutional investors
  • ETFs, corporate balance sheets, treasuries: 6.7 million BTC
  • ETFs alone: Absorbed 1.5 million BTC since early 2024
visa

Actions

flag content