downfall

The “BTC86KJP shock” refers to Bitcoin’s dramatic plunge below $86,000 in late November 2025, marking a sharp risk-off sell-off that erased billions from the crypto market cap amid leveraged liquidations and macroeconomic jitters.
$BTC Bitcoin, trading around $91,000 just days prior, cratered nearly 6% in 24 hours to $85,778, triggering over $539 million in liquidations—mostly long positions in BTC and $ETH —while Ethereum dipped 5-7% to $2,800 and altcoins like $SOL and Dogecoin shed 10%+. This followed a volatile year where BTC hit an all-time high of $126,251 in October before shedding 17% in November, amplified by thin weekend liquidity and fading ETF inflows.
Factors fueling the shock included renewed tariff fears from President Trump’s policies, China’s crypto crackdown warnings, rising US jobless claims signaling Fed uncertainty, and comments from Strategy Inc. hinting at potential BTC sales. Analysts viewed it as a leverage flush rather than fundamental collapse, with key support at $80,000-$82,000 and potential rebounds to $90K-$92K if selling exhausts.
By early December 2025, BTC stabilized near $90,948 after a 16% rally from October lows, but the event underscored crypto’s sensitivity to global trade tensions and policy shifts. Traders remain cautious ahead of Fed decisions and BOJ moves, eyeing $75K risks or $100K squeezes.
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