Trading

Bitcoin faces rejection between $91,000 and $93,000 after bouncing from $80,000–$83,000 support. Data show heavy supply near $96,000–$97,000, where short-term and medium-term holder cost bases converge. Technical indicators point to a sell bias unless BTC breaks above the declining trendline and clears $97,000.

Crypto analyst Colin Talks Crypto estimates a 20% probability that Bitcoin will advance directly to new all-time highs from current levels. His primary outlook projects a rally toward $100,000–$115,000, followed by a multi-month correction before the cycle's next major phase. Multiple analysts note that current market conditions lack typical signals associated with cycle peaks.

U.S. spot bitcoin exchange-traded funds recorded $3.48 billion in net outflows during November, the steepest monthly decline since February. Spot ether ETFs posted $1.42 billion in exits, marking their largest monthly outflow to date. The withdrawals followed bitcoin's rally to record highs and coincided with year-end portfolio adjustments.

Elon Musk argued that Bitcoin derives value from energy consumption, making it harder to manipulate than fiat currencies, according to a resurfaced interview with Nikhil Kamath. Peter Schiff countered that Bitcoin lacks inherent value and criticized MicroStrategy's business model. Derivatives data shows more than $7.8 billion in short positions could be liquidated if Bitcoin breaks above $100,000, according to CoinGlass and Whale Insider.

Bitcoin dropped below $87,000 on December 1, 2025, following renewed regulatory pressure from China's central bank targeting stablecoins and crypto speculation. The decline triggered over $600 million in leveraged position liquidations within 24 hours. Major altcoins including Ethereum, Solana, and XRP posted losses between 6% and 9%.

Bitcoin dropped to an intraday low of $85,694 after China's central bank issued a renewed warning against cryptocurrency activities, according to CoinGecko data. The People's Bank of China stated that crypto-related operations remain illegal and criticized stablecoins for failing to meet anti-money laundering standards.

Strategy may initiate another round of Bitcoin purchases after CEO Michael Saylor posted a cryptic signal on November 30, 2025. CEO Phong Le recently clarified the company would only consider selling BTC under extreme dual conditions: stock trading below net asset value while unable to raise capital without excessive dilution. The company maintains that volatility, negative sentiment, or macroeconomic uncertainty alone will not trigger sales.

André Dragosch, European Head of Research at Bitwise, argues Bitcoin has priced in bearish growth expectations comparable to 2022 levels while trading at $85,000. He contends downside risks are largely reflected in the current price, creating potential for disproportionate gains if positive catalysts emerge. Dragosch anticipates growth expectations will accelerate based on prior monetary stimulus, drawing parallels to dynamics that preceded Bitcoin's sixfold increase during the COVID-19 period.

Bitcoin declined approximately 5% within 24 hours to $86,415.88 as weakening technical momentum met deteriorating market liquidity. The several-thousand-dollar drop occurred without news catalyst, exposing fragile liquidity conditions and record-high leverage that have defined this year's trading environment. Weekend sessions have repeatedly produced unusually large price swings, with thin order books allowing modest selling to trigger cascading liquidations.

Bitcoin dropped below $86,000 on December 1, 2025, marking its steepest decline in recent weeks and erasing prior gains. The downturn triggered more than $400 million in liquidations across leveraged cryptocurrency futures positions. Global digital asset market capitalization contracted approximately 4% to around $3 trillion, according to market data.