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Bitcoin liquidations surge as price rally loses momentum
Bitcoin faced heavy liquidations as bullish momentum faded, while analytics startup DeepSnitch AI secured fresh funding for on-chain intelligence tools.
Bitcoin’s 2025 price rally has come under renewed pressure after failing to sustain bullish projections near the $200,000 level. Crypto market liquidations crossed $439 million on December 2, with the bulk of losses seen in long positions on Bitcoin and Ethereum. The downturn reflects rising risk aversion among traders amid macro uncertainty. Separately, blockchain analytics platform DeepSnitch AI raised over $658,000 to expand its on-chain intelligence tools.