\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tBTC was rejected at $90,000 again.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The overall bearish sentiment in the cryptocurrency market came to a halt briefly, as BTC, joined by most altcoins, exploded by several grand in minutes.<\/p>\n
However, it was another fake-out, and the largest digital asset plummeted to its starting point just as quickly.<\/p>\n The chart above demonstrates a clear picture. BTC was previously rejected at $90,000 on Monday and plunged<\/a> below $85,500 in the following hours. It stood below $88,000 for the following 48 hours but went on the run earlier today.<\/p>\n In a matter of minutes, it jumped by over three grand to just over $90,000. However, the subsequent retracement was just as quick, and BTC is back at its starting point.<\/p>\n Many altcoins followed suit, with immediate price increases and instant rejections. Naturally, this has caused roughly $300 million worth of wrecked positions, according to CoinGlass data, with almost an equilibrium between longs and shorts ($140 million vs $152 million).<\/p>\n The number of liquidated traders stands at over 100,000, while the single largest wiped out position was on Binance and was worth almost $4 million.<\/p>\n Popular crypto analyst CryptoJelleNL commented on BTC\u2019s major move, claiming that this rejection could spell further trouble for the cryptocurrency and outlined a potential drop to and below $83,000.<\/p>\n Another exact tag of the Monthly open \u2013 getting rejected harshly.<\/p>\n Lows at $83,000 ain\u2019t looking too safe.<\/p>\n Main idea remains short-term downside for $BTC<\/a> to lock in the HTF divs, then up for a while. \u231b\ufe0f pic.twitter.com\/MqFAIZa9dX<\/a><\/p>\n \u2014 Jelle (@CryptoJelleNL) December 17, 2025<\/a><\/p>\n<\/blockquote>\n <\/p><\/div>\nYou may also like:<\/h3>\n
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\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n
![<\/a>BTCUSD Dec 17. Source: TradingView<\/figcaption><\/figure>\nThe chart above demonstrates a clear picture. BTC was previously rejected at $90,000 on Monday and plunged<\/a> below $85,500 in the following hours. It stood below $88,000 for the following 48 hours but went on the run earlier today.<\/p>\nIn a matter of minutes, it jumped by over three grand to just over $90,000. However, the subsequent retracement was just as quick, and BTC is back at its starting point.<\/p>\nMany altcoins followed suit, with immediate price increases and instant rejections. Naturally, this has caused roughly $300 million worth of wrecked positions, according to CoinGlass data, with almost an equilibrium between longs and shorts ($140 million vs $152 million).<\/p>\nThe number of liquidated traders stands at over 100,000, while the single largest wiped out position was on Binance and was worth almost $4 million.<\/p>\nPopular crypto analyst CryptoJelleNL commented on BTC\u2019s major move, claiming that this rejection could spell further trouble for the cryptocurrency and outlined a potential drop to and below $83,000.<\/p>\nYou may also like:<\/h3>\n\nAnother exact tag of the Monthly open \u2013 getting rejected harshly.<\/p>\nLows at $83,000 ain\u2019t looking too safe.<\/p>\nMain idea remains short-term downside for $BTC<\/a> to lock in the HTF divs, then up for a while. \u231b\ufe0f pic.twitter.com\/MqFAIZa9dX<\/a><\/p>\n\u2014 Jelle (@CryptoJelleNL) December 17, 2025<\/a><\/p>\n<\/blockquote>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/BTCUSD-5.png\"){kind=link}