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Monday Dec 1 2025 02:10
1 min
Bitcoin faced turbulent trading over the weekend, failing to overcome a key resistance level and subsequently plunging almost 5% within just three hours on Sunday. After consolidating around $91,500 for much of the weekend, the price suddenly dropped to $86,950 on Coinbase, according to Tradingview data.
This sharp decline followed the first positive weekly close in four weeks, with Bitcoin ending the week at $90,411. Analysts noted that such significant crypto movements often occur during weekend nights, specifically Friday and Sunday evenings.
Some analysts attribute the sudden price drop to a surge in selling volume, which triggered a domino effect in sales. This was further amplified by the massive amounts of leveraged positions that were liquidated.
Despite the drop, some experts believe that the cryptocurrency market is still in a structural correction phase and do not consider this decline to be a fundamental downturn in the market.
Over 180,000 traders were liquidated in the past 24 hours, with total liquidations reaching $539 million, mostly within the last few hours. The majority of these liquidations were long positions, particularly in Bitcoin and Ether.
Bitcoin experienced its worst performance this year and its worst November since 2018, falling by 17.49%. In November 2018, the asset dropped by 36.57% during a severe bear market.
Despite the negative performance, some analysts remain optimistic about Bitcoin's future, suggesting that this drop may be a good start to the new month, as downside liquidity has been cleared first, which they view as a positive development.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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