2025-12-31 15:24:57

Since 2024, the cryptocurrency market has experienced several turning points. First, the United States officially approved the spot Bitcoin ETF, marking another threshold for institutional capital to enter the crypto market. Subsequently, the US included Bitcoin in the national strategic reserve assets, a move with profound significance that changed Bitcoin's position within the traditional financial system.

At the same time, the market also faced severe tests. The founder of a major exchange faced a judicial investigation and was sentenced to 4 months in prison. The exchange itself was fined $4.3 billion due to compliance issues. This turmoil sounded an alarm for the entire industry. The risks were far from over—during the major crash on October 11, 2025, the market instantly liquidated 1.62 million trading positions, with hundreds of billions of dollars in contracts forcibly closed within hours.

This year has been both an opportunity and a challenge for the crypto world: policy support has boosted market expectations, but risk events also serve as reminders for all participants to exercise greater caution.

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JustHereForAirdrops

· 6h ago

Good grief, both policy benefits and bloodbaths with crashes—this year in the crypto world has really been a roller coaster Passing the ETF is a good thing, but a $4.3 billion fine... that's a bit harsh I still remember that liquidation of 1.62 million positions; I lost everything in just a few hours When policies come, we celebrate; when risks come, we cry—that's just how it is, haha Institutional entry is real, but compliance really needs to be taken more seriously

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SandwichVictim

· 19h ago

Institutional entry is indeed attractive, but that $4.3 billion fine really can't be sustained haha I'm optimistic about the Bitcoin spot ETF this time, but I just can't go all in I personally witnessed the liquidation during the October crash, it was truly frightening, so everyone should set proper stop-losses Friendly policies are a good thing, but with such high exchange risks, you really need to be careful when choosing platforms Compared to the positive outlook on ETFs, I'm more worried about the next black swan event, who knows what will happen

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SelfCustodyIssues

· 2025-12-31 15:55

Damn, institutional entry is a double-edged sword. Good news is good news, but when there's a crash, no one can save you. If you can run, run. Don't wait until the exchange has issues to regret. On the day the ETF was approved, I sold half of my holdings. Sure enough, look at that 1.62 million position being liquidated. It was incredibly satisfying. The big players play contracts, retail investors play with their heartbeat, but self-custody is still the safest. National reserves of Bitcoin? Fine, but that doesn't change the fact that the market crashes when it says so. A $4.3 billion fine, and the exchange still hops around lively. That's just how this industry is. Cautious? Ha, those who are cautious in the crypto world are losing money. Look at those who went all-in—they actually made a profit.

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DegenWhisperer

· 2025-12-31 15:54

Institutional entry is a good thing, but that 4.3 billion fine really woke people up. Still, you need to understand exactly what the exchange is doing before taking action.

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ChainPoet

· 2025-12-31 15:53

Institutional entry is a good thing, but this wave of risk events really freaked people out. I almost had a panic attack when leveraged players were wiped out. Everyone was ecstatic when ETFs were approved, and then this happened. That's the crypto world—two extremes of joy and despair. The fact that the US included Bitcoin in its reserves was unthinkable five years ago, but now it has become a reality. What does the $4.3 billion fine case tell us? Having money alone doesn't guarantee compliance; you still have to get out if you're not compliant. Learn your lesson, everyone. This liquidation involved 1.62 million positions... Never mind, I don't want to think about it; those numbers are too heartbreaking. Policy friendliness is real, but the market is still so brutal. A bitter smile.

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CoffeeNFTs

· 2025-12-31 15:53

Institutional entry is a good thing, but with a 4.3 billion fine, I immediately realized how deep the water is. Still, caution is necessary.

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MetaMisfit

· 2025-12-31 15:52

Compliance fines amounting to 4.3 billion, who can handle that? The crypto world still has to keep pushing forward. Policy benefits are good, but that 1.62 million liquidation really scares people. Leverage should be used cautiously. BTC entering the national reserves? Impressive, but risk events are happening one after another. This wave is really testing mental resilience. The 1.62 million position disappeared in an instant. I just want to know how those people are doing now. Approval of spot ETFs is a good thing, but don’t get caught in the big crash that might follow. Institutional entry is positive, but that 4.3 billion fine on the exchange is really harsh. Seeing BTC about to enter the national reserves, how can it still crash so violently? This wave of liquidations, I don’t know how many people went bankrupt overnight. The crypto world really has big ups and downs.

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CrossChainMessenger

· 2025-12-31 15:41

Manipulate the market, manipulate the market, but don't loosen your grip... That 4.3 billion fine really can't be held back. Institutional entry is a good thing, but you still need to be cautious of the exchanges. Bitcoin has entered the national treasury, but how many people were wiped out during that wave of crashes? If 2024 is going to be like this, who dares to say they've understood it?

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