Bitcoin Updates: U.S. Market Pessimism Contrasts with Asian Confidence as Bitcoin Drops Near $85,000

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin Updates: U.S. Market Pessimism Contrasts with Asian Confidence as Bitcoin Drops Near $85,000

Bitget-RWA2025/11/21 03:54

By:Bitget-RWA

- Bitcoin's price fell to $85,000 in Nov 2025, down 7% in 24 hours and 20% monthly, driven by dormant wallet sales and bearish derivatives bets. - Surging sell pressure from inactive wallets and rebalanced derivatives toward puts highlight deteriorating market structure and liquidity. - Fed rate-cut uncertainty and regional divergences—U.S. bearishness vs. Asian buying—exacerbate volatility amid $565M in liquidations. - Analysts split on recovery: some see consolidation near $85K-$100K, others warn of a po

In early November 2025, Bitcoin's value plunged to just above $85,000, reflecting a 7% drop within a single day and a 20% decrease over the last month,

as reported by CoinDesk

. This downturn has been fueled by a combination of factors, such as a wave of selling from previously inactive wallets, evolving macroeconomic forecasts, and a significant shift in derivatives markets toward bearish positions. Experts and liquidity providers caution that the market's structure is weakening as heightened volatility is expected toward the year's end.

The downward pressure has intensified due to a sudden surge of

bitcoin

moving from long-inactive wallets to major exchanges, with tens of thousands of coins—some untouched for years—now entering circulation.

FlowDesk highlighted in a Telegram update

that this influx has outpaced buyer interest, heavily tilting spot markets in favor of sellers. Deribit’s data further highlights the negative outlook, as put options now outnumber calls, signaling traders are bracing for further declines. The $85,000 put option on Deribit alone has amassed $2.05 billion in open interest,

overtaking the previously leading $140,000 call option

Bitcoin Updates: U.S. Market Pessimism Contrasts with Asian Confidence as Bitcoin Drops Near $85,000 image 0

Broader economic trends are worsening the bearish sentiment.

The Federal Reserve’s changing stance on rate cuts

has unsettled riskier assets, with the odds of a December rate reduction dropping from over 60% to 43% recently. At the same time, tighter monetary conditions and increasing credit risks have prompted investors to move away from volatile assets like cryptocurrencies,

. Liquidity in the market has also diminished,

making it more difficult to handle large sell-offs

Regional differences are further complicating the situation. While U.S. trading hours have seen consistent selling, Asian markets have acted as a stabilizing influence, buying on dips and helping prices recover. This split demonstrates differing risk preferences,

with U.S. institutional players adopting a bearish stance

—as shown by the extended negative readings of the Coinbase Premium Index—while Asian investors are treating the price drop as a buying chance.

Blockchain analyst Ki Young Ju observed

that Bitcoin’s bull run essentially ended in 2024, with institutional buying establishing a practical support level near $56,000.

Market fear has reached extreme highs.

The Crypto Fear & Greed Index fell to 9

, its lowest point since July 2022, amid $565 million in liquidations over 24 hours.

Short-term investors have been the main sellers

, offloading coins at a loss as the Spent Output Profit Ratio repeatedly dropped below 1. Nevertheless, the Realized Cap metric shows that new money is still entering the market, with ETF investors’ average cost basis at $86,680

Technical experts are split on what comes next. Some, including Cas Abbé, see similarities to the bullish reversal pattern from the first quarter of 2025, suggesting that a consolidation phase between $85,000 and $100,000 could set the stage for another upward move

. Others caution that a steeper drop could be ahead, with one analyst warning of a possible fall to $30,000 if the current downward wedge pattern persists

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!

- MSCI's potential removal of MicroStrategy (MSTR) from major indices risks triggering $8.8B in passive outflows, worsening its fragile financial position. - JPMorgan warns index exclusion would damage MSTR's valuation credibility and hinder capital raising amid Bitcoin's 30% drop and collapsing stock premium. - MSTR's reliance on high-yield preferred shares has backfired as yields rise to 11.5%, while MSCI's recalibration of float metrics sparks sector-wide uncertainty. - The January 15 decision could res

Bitget-RWA•2025/11/21 04:10

Bitcoin News Update: MSCI Index Removal Threatens to Topple MSTR's Fragile Structure

Bitcoin News Today: Bitcoin’s Sharp Drop: Is This a Mid-Cycle Adjustment or the Beginning of a Bear Market?

- Bitcoin fell below $90,000 on November 17, driven by profit-taking, shrinking liquidity, and macroeconomic pressures. - Technical indicators show oversold conditions (RSI <30), $160M in liquidated long positions, and rising whale accumulation amid 24-hour $6.08B in loss-selling. - Ethereum and XRP weakened alongside Bitcoin, with ETF outflows totaling $255M for Bitcoin and $183M for Ethereum, worsening market fragility. - Analysts suggest a mid-cycle correction rather than a full bear market, noting Bitc

Bitget-RWA•2025/11/21 04:10

Ethereum News Update: The Dangers of Leverage: Crypto Whale Suffers $26 Million Loss Amid Market Decline

- A crypto whale lost $26.348M by partially liquidating 15x leveraged BTC and 3x leveraged ETH positions amid declining prices. - The whale's $250M portfolio faces $3.734M unrealized losses if liquidated, with a $65,436 WBTC liquidation threshold. - Broader market trends show $260.66M ETH ETF outflows and ETH/BTC prices below $2,800 and $87,000, worsening leveraged traders' risks. - A HyperLiquid user lost $4.07M from a 6x ETH long position, reflecting systemic leverage challenges as macroeconomic factors

Bitget-RWA•2025/11/21 03:54

Ethereum News Update: The Dangers of Leverage: Crypto Whale Suffers $26 Million Loss Amid Market Decline

Aave News Today: Aave’s High-Return Application Offers a Solution to Inflation’s Impact on Savings

- Aave , a top DeFi lending protocol, launched a consumer savings app offering up to 9% APY, competing with traditional banks and fintech platforms. - The app targets mainstream users with zero minimum deposits, real-time compounding, and $1M balance protection, aiming to simplify DeFi accessibility. - While outperforming traditional savings rates, Aave's insurance transparency and security history raise concerns amid crypto's volatile trust landscape. - This move reflects DeFi's neobank trend, with high-y

Bitget-RWA•2025/11/21 03:54

Bitcoin Updates: U.S. Market Pessimism Contrasts with Asian Confidence as Bitcoin Drops Near $85,000

You may also like

Trending news

Crypto prices