BTC Falls Below $84K as Wall Street Selling Deepens — Pivotal Week for 2025 Candle
Bitcoin (BTC) dropped below $84,000 after Wall Street resumed selling following the Thanksgiving break, with daily losses exceeding 7% and intraday lows near $83,814 on Bitstamp. Market participants cited intensified macro headwinds from Asia — including Japan’s rate hike, thin liquidity and potential corporate treasury Bitcoin sales — as drivers that compounded weak market depth. QCP Capital warned that while U.S. quantitative tightening (QT) has formally ended (potentially easing liquidity), rising Asian macro pressure and strategy-related flows make the coming sessions pivotal for whether BTC can finish 2025 in the green. Traders signalled critical technical levels: one popular trader flagged support at $85.2K and weekly open resistance near $86.8–87K. Analyst Michaël van de Poppe called BTC below $90K a “massive opportunity” to accumulate, suggesting a bottom formation is in progress and that ETH could outperform once confirmed. Other on-chain and exchange indicators, such as a flipped Coinbase premium and rising open interest amid price drops, were cited as bearish signs. This article does not constitute investment advice.
Bearish
The news describes renewed sell pressure from Wall Street that pushed BTC below key levels with daily losses over 7%, compounded by external macro factors from Asia (Japan rate hikes, thin liquidity) and strategic treasury sale risk. Short-term indicators are bearish: Coinbase premium flipping negative, rising open interest while price falls (shorts chasing), and failure to hold immediate support at ~$85.2K increase downside probability. The end of U.S. QT is a potential medium-term tailwind, but the piece stresses that intensified Asian headwinds and weak liquidity make the next sessions decisive. Historically, similar episodes—sharp drops on liquidity shocks and strategic selling—led to extended volatility and further downside before a stable bottom formed (e.g., prior late-cycle selloffs where liquidation cascades widened spreads). For traders: expect elevated volatility, lower depth at large sizes, and widened bid-ask spreads in the short term; defensive risk management (reduced position sizes, stop placements, hedges) is advisable. If BTC reclaims weekly open resistance (~86.8–87K) with improving exchange premiums and lower OI on declines, sentiment could stabilize and enable a recovery. Long-term outlook remains dependent on macro liquidity and on-chain accumulation patterns; accumulation opportunities may exist below $90K if a durable bottom forms, but timing requires confirmation of liquidity normalization and demand resumption.