{"id":118372,"date":"2025-12-06T08:53:58","date_gmt":"2025-12-06T08:53:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=118372"},"modified":"2025-12-06T08:53:58","modified_gmt":"2025-12-06T08:53:58","slug":"crypto-market-news-today-december-6-crypto-is-down-and-liquidations-are-the-bitcoin-cycles-newest-trend-as-michael-burry-piles-shorts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=118372","title":{"rendered":"Crypto Market News Today, December 6: Crypto is Down, and Liquidations Are the Bitcoin Cycle\u2019s Newest Trend as Michael Burry Piles Shorts"},"content":{"rendered":"<p>Crypto is down again, and the drop is chewing our portfolios as we see the rise in crypto liquidations and debate on Michael Burry and his Bitcoin comments. With crypto down across major assets and liquidations climbing, we are questioning why Bitcoin is falling even while traditional markets are up.<\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>What deepens the discussion is how often Michael Burry skepticism on Bitcoin comes during these volatility spikes, especially when crypto is down without any direct negative catalyst. As the crypto market absorbs the latest wave of liquidations, the vibe has shifted from surprise to concern.<\/p>\n<div class=\"cfg-chart-container\">\n<div class=\"cfg-top-content-holder\">\n<h4 class=\"cfg-chart-title\">\n            Crypto Fear and Greed Chart        <\/h4>\n<div class=\"cfg-time-range-selector\">\n            <span class=\"cfg-alltime\">All time<\/span><br \/>\n            <span>1y<\/span><br \/>\n            <span>1m<\/span><br \/>\n            <span>1w<\/span><br \/>\n            <span>24h<\/span>\n        <\/div>\n<\/div>\n<div class=\"cfg-chart-holder\">\n<div class=\"cfg-chart-body\"><\/div>\n<\/div>\n<\/div>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\">15+ Upcoming Coinbase Listings to Watch in 2025<\/a><\/strong><\/p>\n<h2>Another Crypto Liquidations Despite Strong Markets<\/h2>\n<p>The strangest part of today\u2019s liquidations is the assets contradiction: Nasdaq is up, silver is pumping, and the S&amp;P 500 is green, yet crypto is down. And Bitcoin is shedding 3% on the day.<\/p>\n<p>All those above intensified the rush of liquidations, creating a cascade that reminded many of <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/crypto-market-news-today-december-5-tom-lee-calls-crypto-bottom-as-bitmine-buying-more-eth-and-btc-usd-holds-above-92k\/\" target=\"_blank\" rel=\"noopener\">earlier crypto shakeouts<\/a>. Right now, Bitcoin briefly fell toward the $89,000 area, distancing itself from the October high and adding pressure just as we hoped for stabilization.<\/p>\n<p>Earlier in the day, bullish PCE data sparked a sharp jump in BTC and ETH, but the momentum evaporated fast. Within 30 minutes, nearly $100 million in long positions vanished in fresh crypto liquidations. The total has now climbed above $414 million for this session alone.<\/p>\n\n<p>(source \u2013 <a class=\"general-link\" href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\"><strong>Liquidation Data, Coinglass<\/strong><\/a>)<\/p>\n<p>Looking back to the October 10 flash crash, the scale becomes clearer as that single day saw a staggering $19 billion liquidated as Bitcoin plunged from $126,000 to $110,000. Since the disastrous event, waves of follow-up selling have cleared out more than $637 million in additional positions. Crypto is down feels like an understatement.<\/p>\n<p>However, despite the turbulence, the total crypto market cap still hovers near $3.1 trillion, rebounding from a low critical level of $2.9 trillion. These levels often mark turning points, though crypto liquidations prolong volatility and weaken confidence.<\/p>\n\n<p>(source \u2013 <a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/1YM1GbAn\/?symbol=CRYPTOCAP%3ATOTAL\" target=\"_blank\" rel=\"noopener\"><strong>Total Crypto Market Cap, TradingView<\/strong><\/a>)<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"noopener\">16+ New and Upcoming Binance Listings in 2025<\/a><\/strong><\/p>\n<h2>Michael Burry Bitcoin Skepticism Comes as Crypto Is Down<\/h2>\n<p>In his first interview in more than ten years, Michael Burry criticism is violent. Burry compared Bitcoin to a tulip bulb, claiming it\u2019s worthless and vulnerable to crime.<\/p>\n<p>He drew the Bitcoin comparison from gold, which he has viewed as a stable store of value since 2005. His bearish stance is shifting the vibe at a moment when crypto is down, and sentiment already feels fragile.<\/p>\n<p>Michael Burry of The Big Short fame gives first interview in over 10 years and says, \u201cBitcoin is not worth anything. It\u2019s the tulip bulb of our time.\u201d <a href=\"https:\/\/t.co\/ge1zteSVqS\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/ge1zteSVqS<\/a><\/p>\n<p>\u2014 Documenting \u20bfitcoin  (@DocumentingBTC) <a href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/1996674955094725040?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 4, 2025<\/a><\/p>\n\n<p>Not just Bitcoin, Michael Burry predicts a bigger crash, worse than the dot-com bust, citing overstretched valuations and mounting consumer debt. His short positions in Nvidia, Tesla, and Palantir, along with his fund deregistration, bring debate over if markets have grown too euphoric. But critics argue that these companies remain profitable.<\/p>\n<p>Countering the gloom is Samuel Benner\u2019s 1875 cycle chart. It labeled 2023 as a hardship year and a strong time to accumulate risk assets, including crypto(if it was available during his time), with a projected market top in 2026. Even now, as crypto is down, the pattern shows opportunity, a year away from collapse, if it is to collapse.<\/p>\n\n<p><em><strong>Benner 1875 cycle chart<\/strong><\/em><\/p>\n<p>And so, as the market waits, crypto is down, and liquidations continue, but experienced cycle traders insist recovery often begins right where fear peaks, and where traders least expect it.<\/p>\n<p>This Saturday, enjoy the weekend, touch grass, and decorate the Christmas tree, cause Santa Claus is coming to town.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"noopener\">10+ Next Crypto to 100X In 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener\"><span>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-live-articles-list\">\n<div class=\"nnbtc-updates-container\">\n<div class=\"nnbtc-live-article\">\n<div class=\"nnbtc-update-meta\">\n\t\t<span class=\"nnbtc-update-time-dot\"><\/span><br \/>\n\t\t<a class=\"nnbtc-update-time\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/crypto-market-news-today-december-6-crypto-is-down-and-liquidations-are-the-bitcoin-cycles-newest-trend-as-michael-burry-piles-shorts\/#article-316612\" target=\"_self\" rel=\"noopener\"><br \/>\n\t\t\t42 minutes ago\t\t<\/a><\/div>\n<div class=\"nnbtc-update-title\">\n<h2>SUI Crypto ETF With 2x Leverage Green Lighted by SEC: Bitcoin Layer-2 Next?<\/h2>\n<\/div>\n<div class=\"nnbtc-update-author\">\n<div>\n\t\t\t\tBy  <span class=\"nnbtc-author-name\">Akiyama Felix<\/span>\n\t\t\t<\/div>\n<\/div>\n<div class=\"nnbtc-update-content\">\n<p>The SEC\u2019s approval of the new 2x leveraged SUI Crypto ETF landed with good timing. Right when the market seems to crave the next regulatory surprise.<\/p>\n<p>This green light gives SUI another push into the institutional spotlight, and the arrival of a leveraged crypto ETF on Nasdaq gives traditional investors a way to ride SUI\u2019s daily moves without touching the token itself.<\/p>\n<p>The hammer also hits a sign that regulators are warming up to altcoin ETFs after months of approvals across the crypto market, and it adds fuel to the growing Sui\u2019s efficient network.<\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>Read the full story <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/sui-crypto-etf-with-2x-leveraged-green-lighted-by-sec-bitcoin-layer-2-next\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a>.<\/p>\n<\/div>\n<\/div>\n<div class=\"nnbtc-live-article\">\n<div class=\"nnbtc-update-meta\">\n\t\t<span class=\"nnbtc-update-time-dot\"><\/span><br \/>\n\t\t<a class=\"nnbtc-update-time\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/crypto-market-news-today-december-6-crypto-is-down-and-liquidations-are-the-bitcoin-cycles-newest-trend-as-michael-burry-piles-shorts\/#article-316603\" target=\"_self\" rel=\"noopener\"><br \/>\n\t\t\t1 hour ago\t\t<\/a><\/div>\n<div class=\"nnbtc-update-title\">\n<h2>Hawk Tuah Girl Crypto Coin: The Aftermath<\/h2>\n<\/div>\n<div class=\"nnbtc-update-author\">\n<div>\n\t\t\t\tBy  <span class=\"nnbtc-author-name\">Akiyama Felix<\/span>\n\t\t\t<\/div>\n<\/div>\n<div class=\"nnbtc-update-content\">\n<p>Is the Hawk Tuah girl Crypto coin making a comeback? Hailey Welch, the viral \u201cHawk Tuah\u201d star whose 2024 catchphrase became internet currency, is now facing a very real legal one.<\/p>\n<p>In case you don\u2019t remember:<\/p>\n<p>Welch ran a crypto rugpull scam<br \/>\nAfter stealing millions from her followers, she took the road<\/p>\n<p>Actually, it wasn\u2019t even millions. She maybe gotten a few hundred thousand, which ain\u2019t bad, but it destroyed her \u201ccareer\u201d as a result. Meanwhile, there\u2019s a new development with Welch being added to a federal class action lawsuit alleging she played a key promotional role in the failed <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">HAWK token<\/a>.<\/p>\n<p>Read the full story <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/weekly-crypto-roundup-hawk-tuah-girl-crypto-coin-comeback\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a>.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/crypto-market-news-today-december-6-crypto-is-down-and-liquidations-are-the-bitcoin-cycles-newest-trend-as-michael-burry-piles-shorts\/\">Crypto Market News Today, December 6: Crypto is Down, and Liquidations Are the Bitcoin Cycle\u2019s Newest Trend as Michael Burry Piles Shorts<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Crypto is down again, and the drop is chewing our portfolios as we see the rise in crypto liquidations and debate on Michael Burry and his Bitcoin comments. With crypto down across major assets and liquidations climbing, we are questioning why Bitcoin is falling even while traditional markets are up. Market Cap 24h 7d 30d [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":118373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118372","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\/118372"}],"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=118372"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118373"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}