Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Dips Below $87K: One Week’s Gains Gone in One Candle

Bitcoin Dips Below $87K: One Week’s Gains Gone in One Candle

BeInCryptoBeInCrypto2025/11/30 18:22
By:Oihyun Kim

Bitcoin briefly plunged below $87,000, wiping out a week’s gains in one session. The fast selloff triggered $400 million in liquidations within just 60 minutes and pushed the global crypto market capitalization down 4% to $3.04 trillion. Trading activity surged as both retail and institutional investors reacted swiftly to price pressure. Market Turmoil Sparks Massive

Bitcoin briefly plunged below $87,000, wiping out a week’s gains in one session.

The fast selloff triggered $400 million in liquidations within just 60 minutes and pushed the global crypto market capitalization down 4% to $3.04 trillion. Trading activity surged as both retail and institutional investors reacted swiftly to price pressure.

Market Turmoil Sparks Massive Liquidations

Liquidations surged across leveraged positions, reflecting the speed of the downturn. Market data noted $400 million liquidated in just one hour. This rapid wave of losses highlights the risks for traders during sharp price moves.

BREAKING: Bitcoin falls -$4,000 in 2 hours as mass liquidations return.$400 million worth of levered longs have been liquidated over the last 60 minutes.

— The Kobeissi Letter (@KobeissiLetter) December 1, 2025

Trading volume spiked to over $110 billion as investors adjusted their holdings. Bitcoin’s dominance stood at 57.1%, while Ethereum held 11.3%, according to CoinGecko data.

The Kobeissi Letter attributed the crash to thin weekend liquidity and record-high leverage, saying, “This crypto bear market is still structural in nature. We do NOT view this as a fundamental decline.” The analyst noted that Bitcoin fell $4,000 in minutes with no news. This triggered a domino-effect selloff amplified by mass liquidations of leveraged positions.

Other analysts have warned that Bitcoin’s price pattern resembles earlier bearish cycles. Following a recovery above $90,000 after a drop on November 20, Bitcoin hovered around $91,208.85 on November 28 and maintained support at $90,000 for six days.

Korbot Labs describes that the current price action echoes April 2024, when Bitcoin bounced back above $70,000 only to drop to $57,000 by May and later to $67,000 by June. This pattern suggests that further sideways movement or another correction is possible.

Another analyst cautioned about the risk of deeper losses, noting that a “wipe out” could occur if Bitcoin falls through the $80,000 support level.

“Bitcoin not a good open to start the week! Much closer to becoming 2-1-2d as a measured move. This tends to cause a ‘wipe out’ type move if we successfully break through 80.00. Could see as low as 48k if we see the sellers stick around into the end of this year.”

Technical analysis also points to crucial support zones. Should selling persist, prices could slip much further. A drop to $48,000 would mark a dramatic 45% decline from current levels, but such a move would likely require sustained bearish sentiment.

Asset Rotation Narrative Shapes Sentiment

Some analysts see Bitcoin’s selloff as part of a broader shift in asset allocation. The move came as traditional safe-haven assets like precious metals outperformed. This suggests some investors are reconsidering their risk exposure.

Bitcoin Dips Below $87K: One Week’s Gains Gone in One Candle image 0Source: silverprice.org

This argument states that capital is flowing from digital assets to “hard money” alternatives. Silver, for example, surged even as Bitcoin fell. Some analysts see this as a sign of changing investor preferences.

“While #Bitcoin just erased most of the last week gain in a single candle, #Silver is breaking out vertically like there’s no tomorrow. Money is choosing real assets over speculative assets. The rotation is screaming loud: Paper wealth → Hard money, Digital risk → Monetary metals” – Macrobysunil

This theory remains hotly debated. Bitcoin has repeatedly rebounded from steep selloffs. Its 57.1% market dominance shows it still attracts most digital asset flows, despite volatility.

Meanwhile, on the first day of December, Bitcoin briefly dipped below $87,000 before quickly recovering. At the time of writing, Bitcoin is trading in the $87,200–$87,400 range, with market participants closely watching whether the $87,000 support level will hold.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

AI-Powered Token Fluctuations: Insights Gained from the ChainOpera AI Token Downturn

- ChainOpera AI's COAI token collapsed 90% in late 2025 due to hyper-centralized supply, governance flaws, and regulatory ambiguity. - The crash triggered market instability, exposing vulnerabilities in AI-driven crypto ecosystems reliant on speculative hype rather than intrinsic value. - Anthropological insights and interdisciplinary models like CAVM are proposed to improve governance and valuation frameworks for decentralized AI projects. - Structural safeguards including diversified token supply, hybrid

Bitget-RWA2025/12/10 14:50
AI-Powered Token Fluctuations: Insights Gained from the ChainOpera AI Token Downturn

MMT Token's Latest Price Jump: Temporary Hype or Genuine Breakthrough?

- MMT token surged 1,330% post-Binance listing in late 2025 but fell 37.37% over 30 days amid crypto market weakness. - Market analysis highlights oversold RSI-7 (19.23) and weak buying interest, while Bitcoin dominance rose to 58.13%. - MMT launched buybacks and a perpetual futures DEX to stabilize value, but top 100 holders control 20.4% of circulating supply. - Experts note speculative GME-like retail frenzy alongside DeFi utility, predicting 2025 price range of $0.4342-$0.8212.

Bitget-RWA2025/12/10 14:08
MMT Token's Latest Price Jump: Temporary Hype or Genuine Breakthrough?
© 2025 Bitget