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Bitcoin, Ethereum, and other digital assets have witnessed a sharp retrace during the last 24 hours, which has resulted in a long squeeze on derivatives exchanges. Crypto Long Liquidations Have Neared $600 Million During The Past Day According to data from CoinGlass, the latest sharp price action in the cryptocurrency market has accompanied a huge amount of liquidations over at the derivatives side of the sector. “Liquidation” here naturally refers to the forceful closure that any open contract has to undergo after it has amassed losses of a certain degree. For long investors, this happens when the asset’s price drops, while for shorts, liquidation occurs after a surge. How much the cryptocurrency will have to move in one direction to liquidate a specific position comes down to the percentage threshold defined by the platform and the amount of leverage that the trader has opted for. During sharp price swings, positions with high amounts of leverage attached are the first to go. Bitcoin and other assets have faced some notable volatility during the past day, which has once again caught out traders on the derivatives market. As the table below shows, liquidations have crossed $650 million over the last 24 hours. About $584 million of these liquidations involved long positions alone. That’s equivalent to almost 90% of the total, showcasing how disproportionate the price volatility has been during this period. In terms of the individual symbols, the largest contributor to the liquidation event has been Ethereum, not Bitcoin, as is often the case. With over $235 million in contracts involved, Ethereum has notably outpaced Bitcoin, which has witnessed $186 million in liquidations. ETH facing more liquidations is likely due to the fact that its price drawdown has been stronger during the past day. Out of the altcoins, Solana has come out on top with $37 million in positions flushed, ahead of XRP ($16 million) and Dogecoin ($12 million). Interestingly, SOL has outperformed the two despite its losses being more limited. $BTC $ETH $SOL

Solana started a recovery wave above the $126 zone. SOL price is now consolidating and faces hurdles near the $132 zone. 📌SOL price started a decent recovery wave above $126 and $128 against the US Dollar. The price is now trading below $130 and the 100-hourly 📌simple moving average. 📌There is a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). 📌The price could continue to move up if it clears $130 and $132. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave from $124, like Bitcoin and Ethereum. SOL was able to climb above the $126 level. There was a move above the 23.6% Fib retracement level of the downward move from the $136 swing high to the $124 low. The bulls even pushed the price above $130. However, the bears remained active near $130. There is also a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $130 level, the 100-hourly simple moving average, and the 61.8% Fib retracement level of the downward move from the $136 swing high to the $124 low. The next major resistance is near the $132 level. The main resistance could be $135. A successful close above the $135 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. 📌Another Decline In SOL? If SOL fails to rise above the $132 resistance, it could continue to move down. Initial support on the downside is near the $126 zone. The first major support is near the $124 level. A break below the $124 level might send the price toward the $116 support zone. If there is a close below the $116 support, the price could decline toward the $108 zone in the near term. 📌Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $126 and $124. Major Resistance Levels – $130 and $132. $SOL $ETH $XRP

$BTC $ETH $SOL Today, December 17, 2025, the crypto market is seeing a slight recovery following a period of significant volatility. While prices have stabilized over the last 24 hours, the overall sentiment remains cautious, with many traders keeping an eye on year-end rebalancing and macroeconomic data. Asset,Price (Approx.),24h Change,Notable Status Bitcoin (BTC),"$87,150",+1.8%,Holding above $87K after dipping from $90K. Ethereum (ETH),"$2,940",+0.6%,"Significant ""dip buying"" by institutional firms." Solana (SOL),$215,+2.1%,New ETP launched on Brazil's B3 exchange today. Global Market Cap,$3.15T,+1.4%,"Recovering from recent ""extreme fear"" levels."

Solana $SOL is showing signs of slowing momentum after failing to hold above key resistance levels. Recent recovery attempts have been met with selling pressure, keeping price capped below the $130 area. For now, SOL remains in a consolidation phase. Holding above nearby support zones is important to avoid deeper pullbacks, while bulls will need a clear break above resistance to shift short-term sentiment back to the upside. Traders are watching closely as broader market conditions continue to influence price action $MAGMA

[Costa Rica, Dec. 17, 2025] Leading cryptocurrency exchange Bitrue has just entered its second week of Christmas celebrations with the launch of a new unlimited raffle event featuring special prizes for every participating member. The exchange is taking time to spread some seasonal cheer and help people achieve their own personal Santa Rallies with boosted investment rates and fun games. Numerous special events have been launched to put extra coins into everyones stockings for this yuletide season, with even more planned as the year comes to a close. The seasonal festivities kicked off last week with the Xmas Starter Boost rewarding newcomers to the platform with elevated investment rates, but the real celebrations are beginning today, December 17th, as Bitrues Christmas Frenzy Event is live and running right through to December 30th. During the Christmas Frenzy users can complete simple tasks such as registering for the event, depositing coins, and sharing the event with their friends in order to earn raffle tickets. Each ticket guarantees a prize so nobody walks away empty handed, and one lucky winner will have an amazing story to tell the family at Christmas dinner when they win the Grand Prize of 1 BTC! Additional prizes include 1 ETH, 1 SOL, 100 ADA, and XRP prizes ranging from 5 to 0.01, and as every raffle entry is guaranteed to win something, everyone will be coming away from the event with their pockets a little heavier. Starting on December 22nd the third wave of celebrations will hit and everyone will be able to count down the days to the new year with special limited time fixed term staking rates of up to 5% for BTC, ETH, XRP and more. Interest on these coins will be paid out daily with no time commitments allowing everyone to wake up and enjoy their new presents every day. These events have been organized by Bitrue as a way of saying thank you to its community of 40 million registered members while providing a little bonus during a period that many investors have been struggling with. These extra incentives will help traders get back into the game and help them find their footing as we move into another action-packed year for the crypto industry. The end of the year will see more events coming for customers interested in futures trading, with further details to be published by Bitrue in the coming weeks. About Bitrue Launched in July 2018, Bitrue is a global crypto exchange dedicated to providing diversified digital financial services through blockchain technology. The platform supports over 700 cryptocurrencies and offers a wide range of products, including spot trading, futures, OTC, staking, copy trading and Alpha trading. With its extensive asset coverage, Bitrue ranks among the top exchanges in XRP markets by trading volume. It also provides a variety of staking and investment products with annualized rates of up to 30%, balancing liquidity and credited rewards. Centered on security and user protection, Bitrue actively partners with projects such as XRP and ADA, driving the growth of the digital economy through continuous product innovation and global ecosystem collaboration. Official Channels: Website: https://www.bitrue.com/ X (Twitter): https://x.com/BitrueOfficial LinkedIn: https://linkedin.com/company/bitrue Telegram:https://t.me/bitrueofficial Read the article at BeInCrypto