Bitcoin has plunged more than 4 % in the last 24 hours and is now trading in the $83,500 - $83,800 zone, a psychologically critical level that officially wipes out every single dollar of gains accumulated throughout 2025. What started the year as a triumphant rally from the mid-$40K range, fueled by the spot ETF approvals and expectations of a dovish Federal Reserve, has now completely reversed.
The trigger is a perfect storm of negative factors:
Record-breaking outflows from U.S. spot Bitcoin ETFs (more than $2.9 billion in the last week alone, with yesterday marking the single worst day since February), a sharp rise in the 10-year Treasury yield back above 4.13 % (which makes “risk-off” assets suddenly attractive again), and a dramatic collapse in market pricing for aggressive Fed rate cuts, the CME FedWatch Tool now shows only a ~35 % probability of a December 25 bps cut, down from over 85 % just a few weeks ago.
Add to that a broader sell-off in tech and growth assets, forced liquidations of over-leveraged long positions, and the classic “weekend risk-off” sentiment, and Bitcoin has fallen from its all-time high near $126,000 in October to levels last seen before the post-election euphoria began. In short: the entire 2025 bull narrative has been erased in a matter of days.
What’s happening right now:
The U.S. 10-year Treasury yield has climbed back to 4.13 % (FRED data), crushing the “December mega-cut” narrative. CME FedWatch now shows only a ~35 % probability of a 25 bps cut in December (down from 85 % just weeks ago).
Bitcoin ETFs saw another brutal day: $903 million net outflows yesterday alone (record since February), pushing the weekly bleeding past $2.9 billion.
Key upcoming catalysts this week:
From the all-time high near $126,000 in October to $83,500 today, Bitcoin has given back the entire 2025 rally in just a few weeks. History shows that sharp corrections after parabolic moves are normal, but with yields rising and liquidity tightening, the $75,000–$78,000 zone is now in play if macro doesn’t improve fast.
Long-term holders see this as a buying opportunity; short-term traders are clearly in panic mode.What do you think — will we see $90K again this year or are we heading lower first? Drop your thoughts in the comments.
The trigger is a perfect storm of negative factors:
Record-breaking outflows from U.S. spot Bitcoin ETFs (more than $2.9 billion in the last week alone, with yesterday marking the single worst day since February), a sharp rise in the 10-year Treasury yield back above 4.13 % (which makes “risk-off” assets suddenly attractive again), and a dramatic collapse in market pricing for aggressive Fed rate cuts, the CME FedWatch Tool now shows only a ~35 % probability of a December 25 bps cut, down from over 85 % just a few weeks ago.
Add to that a broader sell-off in tech and growth assets, forced liquidations of over-leveraged long positions, and the classic “weekend risk-off” sentiment, and Bitcoin has fallen from its all-time high near $126,000 in October to levels last seen before the post-election euphoria began. In short: the entire 2025 bull narrative has been erased in a matter of days.
What’s happening right now:
- Current BTC price: ~$83,650 (CoinMarketCap / CoinGecko
- 24-hour change: –4.2 %
- Bitcoin dominance: 57.2 % (sliding)
- Total liquidations (24h): ~$450 million (68 % long positions liquidated) – Source: CoinGlass
- Average funding rate: –0.008 % (oversold territory)
The U.S. 10-year Treasury yield has climbed back to 4.13 % (FRED data), crushing the “December mega-cut” narrative. CME FedWatch now shows only a ~35 % probability of a 25 bps cut in December (down from 85 % just weeks ago).
Bitcoin ETFs saw another brutal day: $903 million net outflows yesterday alone (record since February), pushing the weekly bleeding past $2.9 billion.
Key upcoming catalysts this week:
- Nov 21 – Japan CPI (yen carry trade impact)
- Nov 22 – FOMC Minutes
- Nov 25 – Jerome Powell speech + preliminary PCE numbers
From the all-time high near $126,000 in October to $83,500 today, Bitcoin has given back the entire 2025 rally in just a few weeks. History shows that sharp corrections after parabolic moves are normal, but with yields rising and liquidity tightening, the $75,000–$78,000 zone is now in play if macro doesn’t improve fast.
Long-term holders see this as a buying opportunity; short-term traders are clearly in panic mode.What do you think — will we see $90K again this year or are we heading lower first? Drop your thoughts in the comments.
