Bitcoin is going down and the reasons are

[Fragrance1122]

These are my perceptions and I assume it nothing more. Losing of Trump in mid-term elections can be the biggest reason of crashing of Bitcoin. Furthermore Christmas is on its way that is why People are selling. And I think People are storing dollars. Share your views.

Whatever the reason is but bitcoin will definitely regain its value. The holders need to stay calm. Good days are coming. The rest I leave all to your wisdom and fine sense of judgement.

[bitbollo]

bigger movements in the exchange with FIAT, if not related to a specific event, are just normal volatility and the explanation could be something "boring".
Likewise some standard settlement or a temporary sale by a big troup.

It could be possible there is already a mix of all these effects you have mentioned @OP and many others likewise ... MSCI that has excluded Strategy from their global benchmark... anyway the market is enough solid against market rumours vs few years ago.

[LFC_Bitcoin]

It’s Q4 of the year post Bitcoin bull run aka the peak of a bear market. There is no other reason, this is totally normal. People are panic selling Bitcoin. We are seeing if the bottom was already in at 57k or if we’re set to go lower. We’ve been here before and it’ll happen again in the future. Just stay strong and HODL.

[BIT-BENDER]

Those who attribute Bitcoin growth to Donald Trump will attribute failures to him, I don't think the mid term election has anything to do with the price and it's not that there has been any ridiculous drop in price so why are you panicking.

I also don't think Christmas is causing any down turns, individually Christmas isn't something that requires selling of assets to cover especially when people are now exposed to financial budgeting. It even makes sense to say that the binance hack is still having some effects on the price than this two options you gave.

[MusaMohamed]

It’s Q4 of the year post Bitcoin bull run aka the peak of a bear market. There is no other reason, this is totally normal. People are panic selling Bitcoin. We are seeing if the bottom was already in at 57k or if we’re set to go lower. We’ve been here before and it’ll happen again in the future. Just stay strong and HODL.

Q4 in history of Bitcoin market is not too impressive especially in bearish years but the 2026 year is not too bad for Bitcoin. It's like a very early recovery of Bitcoin market, one year earlier than previous market cycles.

https://cryptorank.io/price/bitcoin/analytics

The best quarter is Q2 but Q4 is actually not too bad in both median and average, as it is a second best quarter.

[LFC_Bitcoin]

Q4 in history of Bitcoin market is not too impressive especially in bearish years but the 2026 year is not too bad for Bitcoin. It's like a very early recovery of Bitcoin market, one year earlier than previous market cycles.

https://cryptorank.io/price/bitcoin/analytics

The best quarter is Q2 but Q4 is actually not too bad in both median and average, as it is a second best quarter.

Q4 of a post halving year was the cycle top in 2013, 2017, 2021 and 2025.

I hope that 57k was the bottom and we don’t go lower now. The market looks like shit right now though. Hopefully we are just putting a higher low in.

[Marykeller]

When did the Christmas festive period affect the Bitcoin price? Surprised to hear it as  one of the factors that affect Bitcoin's price

Trump loss in the mid-term election is one of the causes though, but what I think is driving the Bitcoin price crash at this time is the Fed's interest rates. Traders expect the Fed to raise rates in December. And the traders are starting to dump their Bitcoin on time because of high inflation that started in October.

You can read about the meeting information and the target rate at the link provided: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool

[Abelly]

There may be other reasons, I was hearing that interest rates in the United States may increase again. Even at the same time, the value of the dollar is strengthening. In such a situation, it is natural for many investors to lose interest in new investments in risky assets like Bitcoin. Another thing I saw is that about $1.44 billion has been withdrawn from the Bitcoin ETF in six trading days. In addition, about $1.64 billion of leveraged positions have been liquidated in the entire Crypto market in one day. Don't you think that these will increase the selling pressure in the market? Many people may sell in small amounts for Christmas, but I find it hard to believe that there is such a big decline in prices because of that. Even the election results of Trump's party may have an impact on investors. But that may not be the biggest reason.

[Frankolala]

I'm not surprised towards the market movement because I was expecting a drastic dip in this month after bitcoin price pumped to $80k because I'm using the experience of the last bear market to compare this one. Don't forget that FTX crashed in 2022 which took bitcoin price to $16k+. I believe that we are close to be end of the bear market but I don't know if we have seen the bottom or not. I don't expect bitcoin to dip below $57k+. However, it's time to buy the dip.

[Delaforetnoire]

The bitcoin market began to decline just a few hours after Trump's defeat in the midterm elections was confirmed.

This market's trend will change soon; many people are becoming disappointed by the temporary volatility.

With the major festival of Christmas coming next month, the market is unlikely to be influenced in any particular direction.

[atookz]

Another thing I saw is that about $1.44 billion has been withdrawn from the Bitcoin ETF in six trading days. In addition, about $1.64 billion of leveraged positions have been liquidated in the entire Crypto market in one day.

This aligns with the news as inflation in the United States was hotter than expected this week, raising expectations that the Fed might raise rates at its next meeting, which is in December and the dollar index hit a 19-month high. the small difference is that the liquidation number is also dependent on the source of the info, ive seen anything from ~$650M to over $1.3B in a day.

MSCI that has excluded Strategy from their global benchmark...

Small correction on MSCI as far as I know it has not happened yet and will happen after the close on nov 30, so selling pressure may be coming on top of us yet.

In the articles I've read, the main reasons are macro, ETF outflows and leveraged longs getting liquidated, not christmas or midterms.

[Bluedrem]

Bitcoin has not yet proven itself as a stable asset. It is still very volatile and its value decreases by 30 to 50 percent or sometimes more in a certain cycle and sometimes increases by 150 to 300 percent. And those who invest here know that. However, there are enough reasons for the decline in the price of Bitcoin, especially this time when the price of Bitcoin has dropped from $ 85,000 to $ 66,000, we can explain the global situation as a reason. Especially when people's daily expenses have increased, people are not getting the opportunity to save, so many people are currently refraining from buying Bitcoin. This may be one of the reasons for the decline in the price of Bitcoin. Also, the price has decreased slightly due to people stopping investing in Bitcoin due to the war.

[ColdLava40]

There are many reasons, but the main reason for this dump could be that people are panicking over the possibility of Bitcoin making new lows before the end of 2026.

Many people expected Bitcoin to regain its bullish momentum in the second half of the year and push towards new highs.

Instead, they are now faced with the decision of whether to sell and protect themselves from further losses or hold on and hope the year ends on a positive note.

Other factors may also be contributing to the decline, but I don't think fundamentals have as much impact on Bitcoin's price as they used to.

[Ambatman]

Well it's a chain reaction
Once people start selling more people join in
With fear that it would fall deeper.
Many things are acting that might have been a catalyst not excluding historical trend
The election
Fed rate
And Anthropic IPO on the way( that's on a lighter note? Kinda could be)
It's been long I have seen bitcoin this weak spanning this long.

[KawasakiNinja1_]

These may be hypothetical explanations for the decline in Bitcoin prices because we have seen before that Bitcoin prices have declined due to various events but have subsequently recovered. Indeed the market has not seen an upward trend since the largest number of cryptocurrency exchange hacks this year, and currently appears to be in a downward trend.
You should note these things here why is Bitcoin falling in price?
In fact we can assume that Bets on a Fed rate hike are back, Strategy is losing ground in the MSCI Index, Bitcoin withdrawals from ETF are dampening demand, leveraged long positions are crashing the market, and arguably a Democratic Congress puts crypto's biggest bill at risk. Mainly because of these, the price of Bitcoin is dropping by a huge amount and right now the price of Bitcoin is around 66 thousand dollars.

Why Is Bitcoin Crashing? 5 Pressures That Pushed BTC Below $69,000 https://finance.yahoo.com/markets/crypto/articles/why-bitcoin-crashing-5-pressures-090429358.html

[decodx]

In my opinion, the current situation is not the fault of individuals. Currently, retail has little impact on what is going on, and we are witnessing just massive outflows from institutional ETFs at this time. Additionally, various liquidation events took place on the market that sent half of the market down in an hour.  Absolute bloodbath. Plus tech stocks taking a beating so the whole risk-on trade is just puking right now.

[Hypnotizer]

Doesn’t this thread fits better in the speculation board? Well that’s by the way

I don’t think the midterm elections victory of the democrats is the “biggest reason” Bitcoin is crashing right now though it might be part of the reason but it’s not the biggest reason.

If you follow the chart really well, you’d notice that the market has already reacted to the election results last week before dipping this much after this whole saga and the tech stock market crash, so the reason for this crash can’t be narrowed down to just one thing.

[Antidote47k]

This aligns with the news as inflation in the United States was hotter than expected this week, raising expectations that the Fed might raise rates at its next meeting, which is in December and the dollar index hit a 19-month high. the small difference is that the liquidation number is also dependent on the source of the info, ive seen anything from ~$650M to over $1.3B in a day.

Yeah, I think that was the trigger. The October inflation came in hotter than expected, increasing expectations that the Federal reserve might raise interest rates again, plus the spot bitcoins ETF withdrawal between November 5 and 11 which was approximately $1.44 billion. Then other factors amplified the decline like leveraged liquidations, as price fell, leveraged traders who bet on the upside were getting liquidated and in turn introducing another selling pressure leading to even more liquidations, like a domino effect. As of today, report records approximately $1.47billion over 24 hours.
 
Factors like Christmas spending I believe doesn’t have such a significant impact enough to cause such substantial market decline. Politics? I’m not so sure, I have limited knowledge on that to come to conclusions.

[Abu-Naim]

I believe that there are so many factors that causes this price dip, which I know many people are speculating and relating it to the US mid-term election, it is not the main factor I think, it can be among what caused panic among people since some believe that he is one of the reason the Bitcoin market price is high which is very wrong.

Many people expected Bitcoin to regain its bullish momentum in the second half of the year and push towards new highs.

Instead, they are now faced with the decision of whether to sell and protect themselves from further losses or hold on and hope the year ends on a positive note.

One thing is real, the market will bounce back with time, it can’t obey our expectations always but patience is very important because the price will come back to normal and go further once everything is resolved.
Don’t panic and sell unless if you have important need of money.

[legiteum]

The immediate (first few days) reaction to the Democrats winning was positive, so I don't think that was the trigger. It doesn't appear to be related to the election.

Inflation cannot possibly have anything to do with it since Bitcoin has never had any correlation to US inflation. Bitcoin ran up by 100% when USD inflation was at 3% and went down by 50% when USD inflation was at 8%. There's simply no correlation.

Bitcoin is a "pure meme" investment, so it has no fundamentals like other investments. Hence it has no direct correlation to any sort of economic factors.

The reason the price went down in the last week is because there were more sellers than buyers.

Normally that would be a pretty useless thing to say, but... that's all you get to know when you deal in meme investments.