Bitcoin Faces New Local Lows Amidst Market Uncertainty
Bitcoin (BTC) reached new local lows following the opening of Wall Street trading on Monday. Analysts have warned of increasing macroeconomic headwinds impacting the market.
Key points of the current market situation include:
- •BTC price action has dipped to new local lows, with daily losses exceeding 7%.
- •Bitcoin is confronting multiple macroeconomic challenges emanating from Asia, which are exacerbating already weak liquidity conditions.
- •A trader has indicated that the trading sessions of this week will be decisive for the performance of Bitcoin in 2025.
Wall Street Selling Pressure Drives BTC Price Lower
Data from Cointelegraph Markets Pro and TradingView indicates that Bitcoin's daily losses have surpassed 7%, with BTC/USD trading at $83,814 on Bitstamp.
The grim closing of the weekly and monthly candles has favored bears. As US traders returned from the Thanksgiving holiday, the cryptocurrency market experienced little respite from selling pressure.
“The selloff was triggered by a string of bearish developments across Asia,” summarized the trading firm QCP Capital in its recent “Asia Color” market update. QCP highlighted several short-term hurdles for the crypto market, including Japan's interest rate hike, thin market liquidity, and the potential risk of Strategy selling its Bitcoin corporate treasury holdings.
In contrast, Monday marked the official end of the US Federal Reserve's quantitative tightening (QT) period, theoretically opening the door for capital inflows into risk assets.
“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,” QCP Capital stated.
“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 Below $90,000 Presents a Significant Opportunity
The sentiment among traders has been predominantly grim.
$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
Trader Killa advised followers on X that the market needs to hold above $85.2K. “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,” Killa stated following the Wall Street open.
Crypto trader, analyst, and entrepreneur Michaël van de Poppe offered a slightly more optimistic perspective, suggesting that the market is in the process of establishing a stable 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 characterized BTC/USD trading below $90,000 as “a massive opportunity to be scooping cheap positions.”