BTC and ETH Are in the Red: Why Did the Crypto Market Fall Today (12/16/25)?

Jakarta, Pintu News – The crypto market has recently experienced a sharp decline, with total losses reaching $136 billion in a few hours. The decline was triggered by the Bitcoin (BTC) price crash that breached the critical support limit at $88,000. This event triggered massive liquidation of leveraged positions, exacerbating the market-wide price drop.

Main Causes of Decline

Bitcoin (BTC), as the largest cryptocurrency, experienced a significant drop after failing to maintain the $88,000 support level. Bitcoin’s price subsequently stabilized around $85,000, but this drop has triggered a domino effect throughout the market. This drop not only affected large investors, but also caught many smaller market participants by surprise.

The liquidation of large leveraged positions was the main trigger for this decline. Nearly $381 million of long positions were erased due to the price drop, which forced automatic selling and accelerated losses. Market analysts state that the excessive use of leverage has made crypto markets more volatile compared to traditional financial markets.

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Impact on the Mining Sector

The Bitcoin mining sector is also facing additional pressure. The average production cost for one Bitcoin is now estimated to be around $74,600, with total costs possibly reaching $130,000 including equipment depreciation. Some mining companies are starting to turn to AI data center hosting to offset declining profitability, adding to the uncertainty in the sector.

These rising costs affect mining companies’ operational decisions and potential future investments. With Bitcoin’s volatile selling price, profit margins have become very thin, forcing some miners to look for alternatives or new innovations in their operations.

Also read: Silver Jewelry Price Today, Tuesday, December 16, 2025

Analyst’s View of the Market

According to analyst Michaël van de Poppe, the direction of the crypto market remains unclear despite the correction. He sees similarities with previous market pullbacks, including the one in early 2025, where prices consolidated before gradually recovering.

Van de Poppe emphasized that it is important to observe some key levels of the crypto market, including $3.2 trillion as resistance and $2.85 trillion as support. This understanding is important for investors to make informed decisions in the face of market fluctuations.

Conclusion

In conclusion, the crypto market is currently facing significant challenges with high volatility and pressure on the mining sector. Investors and market participants need to be vigilant and consider the use of leverage and production costs in their investment strategies. Understanding the market dynamics and appropriate responses will be crucial in dealing with this uncertain period.

FAQ

How much has the crypto market lost in total recently?

The crypto market recently suffered a total loss of $136 billion in a few hours.

At what level did Bitcoin (BTC) fail to maintain its support?

Bitcoin (BTC) failed to maintain support at the $88,000 level.

How much was the total liquidation of long positions that occurred due to the price drop?

The total liquidation of long positions that occurred was about $381 million.

What is the average production cost for one Bitcoin today?

The average production cost for one Bitcoin is currently estimated to be around $74,600.

What does analyst Michaël van de Poppe see as the key levels for the crypto market?

Analyst Michaël van de Poppe sees $3.2 trillion as resistance and $2.85 trillion as support as key levels for the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Why is Crypto Market Crashing Today. Accessed on December 16, 2025
• Featured Image: Generated by Ai