Bitcoin (BTC) hit new local lows after Monday’s Wall Street open as analysis warned of “rising” macro headwinds.
Key points:
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BTC price action plumbs new local lows as daily losses pass the 7% mark.
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Bitcoin faces multiple macro tailwinds from Asia, exacerbating already weak liquidity conditions.
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A trader says this week’s sessions will decide the fate of 2025 performance.
Wall Street selling pushes BTC price lower
Data from Cointelegraph Markets Pro and TradingView showed daily BTC price losses passing 7% as BTC/USD reached $83,814 on Bitstamp.
A grim weekly and monthly candle close gave bears the edge, and as US traders returned from the Thanksgiving holiday, crypto saw little relief from sell pressure.
“The selloff was triggered by a string of bearish developments across Asia,” trading outfit QCP Capital summarized in its latest “Asia Color” market update.
QCP referenced several hurdles for crypto to overcome in the short term. These included Japan hiking interest rates, thin market liquidity and the notional risk of Strategy selling its Bitcoin corporate treasury holdings.
By contrast, Monday formally marked the end of the US Federal Reserve’s quantitative tightening (QT) run, opening the door to risk-asset capital inflows.
“The critical question now is whether BTC can defend prior lows as bearish sentiment builds. This will hinge on liquidity conditions and Strategy-related flows. BTC’s rapid adjustment to liquidity shifts remains a defining trait, and this morning’s drop underscores that sensitivity,” it wrote.
“With US liquidity easing and macro headwinds from Asia intensifying, the next few sessions will be pivotal in determining whether BTC can end 2025 in the green.”
Bitcoin presents “massive opportunity” below $90,000
Among traders, the mood was predictably grim.
Related: ‘Inevitable’ $50K BTC price crash: 5 things to know in Bitcoin this week
Bearish arguments leveraged multiple factors, including the Coinbase Premium flipping negative after a “green” spate of just three days.
$BTC Dumped 5% today and only now we have increasing OI with price bleeding, shorts chasing this. Also, Coinbase discount is back, not good. Bearish vibes. pic.twitter.com/1V0DjBLuhB
— exitpump (@exitpumpBTC) December 1, 2025
“Lets keep it simple. We need to hold above 85.2K,” trader Killa told X followers after the Wall Street open.
“Lose that > structure remains in bearish territory. We need to reclaim the previous weekly open. (86.8K). Above 87K an we can retest the weekly open.”
Crypto trader, analyst and entrepreneur Michaël van de Poppe was among those offering a slightly more positive outlook, arguing that the market was in the process of establishing a reliable floor.
“Whatever reason took down the markets again, the sentiment remains the same,” he wrote in an X post on the day.
“Bitcoin forming a bottom formation takes a bit of time before it’s finalized. Once that is done, I expect $ETH to outperform the markets.”
Van de Poppe described BTC/USD trading below $90,000 as “a massive opportunity to be scooping cheap positions.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
