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
<\/a>BTCUSD Dec 5. Source: TradingView<\/p>\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 <\/a>Liquidation Data Dec 5 on CoinGlass<\/p>\n The post Bitcoin Price Suddenly Drops to $88K as Liquidations Surge to $500M<\/a> appeared first on CryptoPotato<\/a>.<\/p>","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":0,"featured_media":118249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118248"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118248"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118249"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD Dec 5. Source: TradingView<\/p>\nRecall 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>\nHowever, 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>\nThe 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>\nCC, 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>\nThe 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<\/a>Liquidation Data Dec 5 on CoinGlass<\/p>\nThe post Bitcoin Price Suddenly Drops to $88K as Liquidations Surge to $500M<\/a> appeared first on CryptoPotato<\/a>.<\/p>","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":0,"featured_media":118249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118248"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118248"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118249"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/BTCUSD-3.png\"){kind=link}
![<\/a>Liquidation Data Dec 5 on CoinGlass<\/p>\nThe post Bitcoin Price Suddenly Drops to $88K as Liquidations Surge to $500M<\/a> appeared first on CryptoPotato<\/a>.<\/p>","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":0,"featured_media":118249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118248"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118248"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118249"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/Liquidation-Data-Dec-5-on-CoinGlass.png\"){kind=link}