According to the source on X dated December 1, 2025, Bitcoin (BTC) fell below $87,000. According to the same source post, no exchange, timestamp, or percentage-change details were provided beyond the headline. According to the source, the update was shared as a brief alert with an accompanying image on X.

According to @CryptoMichNL, the ETH/BTC pair has been flat in recent weeks, showing Ethereum has not underperformed Bitcoin despite recent stress, which is atypical for a bear-phase correlation. Source: @CryptoMichNL (X, Nov 23, 2025) He notes that in a standard bear market, a 25% two-week decline in BTC would typically see higher-beta ETH fall 40–45%, which did not occur, implying the drawdown pressure has been BTC-specific. Source: @CryptoMichNL (X, Nov 23, 2025) He is monitoring a crucial support on the ETH/BTC ratio; if it holds and ETH outperforms on the next bounce, it would signal rotation and indicate the cycle is not over. Source: @CryptoMichNL (X, Nov 23, 2025) For traders, the focus is on ETH/BTC relative strength as confirmation; a sustained hold and breakout would favor ETH over BTC on rebounds, while a loss of the cited support would negate the rotation signal. Source: @CryptoMichNL (X, Nov 23, 2025)

According to @KobeissiLetter, roughly $1 billion in leveraged crypto positions were liquidated in the last 24 hours, with cumulative liquidations reaching $4.5 billion over the past 7 days, highlighting ongoing forced deleveraging and elevated trading risk according to @KobeissiLetter. Liquidations also spiked by $300 million in the last 4 hours, underscoring intraday stress according to @KobeissiLetter. Bitcoin fell to $91,000 at 3:00 PM ET, marking a sharp downside move that aligns with the reported liquidations according to @KobeissiLetter.

According to @rovercrc, Bitcoin (BTC) fell below $106,000; source: https://twitter.com/rovercrc/status/1979088562931785905

According to Francisco Rodrigues, Bitcoin declined by 2.9% to $104,889 amid Israeli airstrikes on Iran, causing a broad cryptocurrency market downturn with a key index falling 6.1% over 24 hours. Solana's SOL dropped nearly 9.5% despite earlier gains from SEC ETF speculation, as noted by Wintermute trader Jake Ostrovskis, who highlighted market underexposure to SOL. Polymarket data indicates a 91% chance of Iranian retaliation, heightening uncertainty, while derivatives open interest fell to $49.31 billion and put/call ratios rose, signaling increased demand for downside protection.

According to CryptoQuant, Bitcoin (BTC) could drop to $92,000 or as low as $81,000 if demand continues to deteriorate, citing a 60% decline in ETF flows since April and a halving in whale accumulation. Glassnode interprets the current low volatility as a sign of market maturity with increased institutional on-chain activity, while Flowdesk describes the market as 'coiled' and potentially poised for a breakout, highlighting rising tokenized assets and stablecoin growth.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's (ETH) recent outperformance, with a 40% gain over three months per market data, serves as a leading indicator for capital flows into altcoins like Pendle and Bittensor. ETH dominance rose to nearly 10% while BTC dominance fell, signaling trader interest in emerging sectors such as DeFi and decentralized AI, supported by on-chain inflows and institutional demand with spot ETH ETFs attracting over $1.25 billion since mid-May. Concurrently, geopolitical tensions from an Israeli attack on Iran caused BTC to drop 4.7% to around $103,000 and ETH to $2,694, as per market movements. Singapore's Monetary Authority of Singapore (MAS) now mandates licenses for offshore crypto firms by June 30, prompting exchanges like Bitget and Bybit to shut down, a move linked to past oversight issues with Three Arrows Capital and Terraform Labs, according to regulatory updates. Additionally, Quranium launched QSafe Wallet, a quantum-secure solution for BTC, SOL, and EVM chains, to address future cryptographic threats.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, with Bitcoin (BTC) falling 2.9% and a broad crypto market index losing 6.1%, as geopolitical tensions drove investors away from risk assets. Jake Ostrovskis, an OTC trader at Wintermute, noted that SOL initially rallied on SEC ETF filing updates but dropped nearly 9.5% amid the conflict. Data from Velo shows derivatives open interest plummeted to $49.31 billion, and CoinGlass reported $1.16 billion in liquidations, primarily from long positions. Gold futures rose 1.3%, highlighting a flight to traditional havens.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, heightening geopolitical risks and triggering a broad market rout. Bitcoin (BTC) fell 2.9% over 24 hours, while a crypto market index dropped 6.1%, as investors fled risk assets. Jake Ostrovskis, an OTC trader at Wintermute, noted Solana (SOL) slid nearly 9.5% despite earlier ETF optimism. Spot BTC ETFs saw $86.3 million in daily net inflows, and ETH ETFs recorded $112.3 million, per Farside Investors data. Polymarket traders indicated a 91% probability of Iranian retaliation, increasing market uncertainty. (Sources: Francisco Rodrigues, Jake Ostrovskis, Farside Investors, Polymarket)

According to Ai 姨, a large position opened has resulted in Bitcoin dropping by $2000. The unrealized profit from this position has increased to $314,000. There has been no reduction or closing of the position as of now, and updates will be provided in the thread.