Early today Bitcoin fell so sharply that it is hard to believe. It plunged from $83,300 to $80,255 on the Hyperliquid exchange within one minute, then immediately rebounded above $83,000. On some platforms it dropped as low as $80,588.
This was not a classic market-wide crash – on Binance, Coinbase and Bitstamp the daily low was around $82,700–83,000 – but this one sharp move was enough to liquidate positions worth nearly $2 billion in a matter of minutes.
November 2025 will be remembered as the worst month for Bitcoin since 2022. From the peak of $126,223 in early October, the price has already fallen by more than 34%, and now hovers around $83,000–84,000 – the lowest since spring 2025.
The last few days have been a real rollercoaster:
- November 18 – down 8%
- November 20 – down 5–6%
- today already over -8% within a single day.
Volatility has returned to levels of 60–70% (30-day), the kind we have only seen during the biggest corrections in previous cycles.
Recent buyers are massively selling their cryptocurrencies at large losses. Long positions are being liquidated in waves, and the market appears to be searching for a bottom somewhere around $78,000–82,000.
Some say this is a healthy cleansing – after the euphoria linked to Trump’s victory and hopes for crypto-friendly regulation, an flush of excessive leverage was bound to come. Others already see a classic bear market just getting started – especially since the whole crypto market has lost more than $1 trillion in market capitalization over the last week.
For now, Bitcoin is defending the $82,000–83,000 zone. If it loses that on the weekly close, the way to $74,000–78,000 will be open. Conversely, a breakout above $88,000 could quickly restore confidence in further gains.
One thing is certain: those who only recently complained that “nothing happens in crypto” now have exactly what they asked for – wild swings of several percent from day to day and real discounts not seen in years.
The only question is whether this is the opportunity of a lifetime… or just the beginning of a really big sell-off. The market will soon give its answer.
