Bitcoin is going down and the reasons are

[OgNasty]

The four year cycle, compounded more short term with Strategy getting the boot from MSCI indexes...  There is going to be some downward pressure, but once the latest Strategy black eye heals things should be all good for a monster rally.  The market must have decided they wanted to see Saylor sell the bottom some more since he got that 5 billion dollar BTC sale approved so they gave him one last chance to buy the local top and will now force him to sell the cycle bottom (again).  You love to see it.

[I_Anime]

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.

Personally, is Just Bitcoin doing its usual correction before the main rally, those with weak hand will definitely sell off their holding . Is actually quite simple , when you are holding and the value of Bitcoin kept decreasing the only smart thing to do is to hold . Cause you won’t be losing anything unless you end up selling in losses due to panic . Those that are having hard time are those that usually go all in with their funds , in the name of aggressive buying . Putting their bitcoin in the position of emergency fund .

[sunsilk]

I am calm and have seen this type of continuous plummet many times. If people are keeping cash now it's because of the preparation of what can come to the world through all of those attacks, disasters, etc.

They're not keeping dollars because they think it's more valuable but to them, cash is king at this point when they don't know if banks will be attacked too.

The long term holders don't need to panic, you do the oppose of what the market is doing and that's to buy more.

"Be greedy when others are fearful", buy.

[Vvang]

I'm not surprised, it sure is the perfect time for people to come up with their own version of why the market is dumping, it always happens when the market is about to bottom out..

Mind you, we've gotten past the worst news this year so far, all the AI hacks and frauds, I bet if now is when the Binance hack happens people will still stay it's because of the hack that Bitcoin is dumping.

In every bear market there is always alot of bad news that comes, and the reason behind the market dumping is just a seasonal thing, it's bear market.

[Cryptomultiplier]

One thing I have as a compass that guides my conviction to hold is that major institutions like microstrategy thrive on accumulating more in this season when holders or retail holders are panic selling and anyone who sells out of panic only makes these big pockets become major holders.

So it's good to stay calm because the bear market is definitely here to keep testing one's conviction but focus on the long game should help an investor pull through this times, despite the political shifts and the need for more cash reserves in this holiday season which is geared to cause liquidity of asset.

[jqprez]

Maybe the hacking of binance It is primarily responsible for the current collapse. It always happens. It happened after Mr. Gox, after Nicehash and today.   Binance Closed 600 Million Long Positions ($600 Million)

[ekstremista]

My feeling is that bitcoin and crypto in general have been unfortunately linked with the trials and tribulations of the presidential administration in the US. Bitcoin was flying high at nearly double its current price when it looked like the Trump agenda was taking off. After last week's blue wipeout, however, things turned ugly. I fully expected the price to start crashing and it is.

[Rgram]

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.

Bitcoin has never based its existentialism on Trump and never will, whatever happens to Trump doesn’t have the ability to affect Bitcoin such that, it would be reflected on the market. Certainly his speech carries weight and can influence people’s decision but, that’s as far as it goes. Bitcoin would alway chart its path due to several market conditions and not merely Trump.
It’s the festive season and people would be tempted to liquidate a portion of their portfolio to better enjoy the season but, that’s about it and wouldn’t bring about any major decline in Bitcoin price.

[Stalker22]

My feeling is that bitcoin and crypto in general have been unfortunately linked with the trials and tribulations of the presidential administration in the US. Bitcoin was flying high at nearly double its current price when it looked like the Trump agenda was taking off. After last week's blue wipeout, however, things turned ugly. I fully expected the price to start crashing and it is.

There is no doubt that the Trump administration has brought about major changes in the crypto world.  But as far as current market movements are concerned, there is much more to it than that.

[Orpichukwu]

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.

Absolute blood bath indeed. We have already talked about the impact of ETFs in the market. If they decide to offload the majority of their holdings, it will significantly drop the market, and we cannot also ignore the issue which is also affecting the stock market, as it also impacted the decision of institutional investors, and as bitbo said above, pre-halving preparation could also have contributed to what the market is currently facing. It's just a matter of time before it pulls back since it has not dropped down to below $60k these past few days. I don’t think it will drop below that again.

[tabas]

Maybe the hacking of binance It is primarily responsible for the current collapse. It always happens. It happened after Mr. Gox, after Nicehash and today.   Binance Closed 600 Million Long Positions ($600 Million)

Don't forget the past FTX fiasco too. It happened on 2022 which was after the bull run of 2021. This has became a trend or a scheduled happening for most cases. These incidents usually comes after the bull run and so, after this we'll get to the capitulation period because everyone gets tired of seeing the market too low and they won't anticipate a lot. But instead, they'll start to plan how they'll DCA while everyone is scared of what's happening, they're taking an action preparing for the next bull run.

[HelliumZ]

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.

The market is falling due to major issues in the market. Especially due to major changes in inflation and interest rates in the United States, such a downward decline has started in the market. Another major reason is that big investors are leaving the market and selling their Bitcoins, which is also responsible for the market decline at the moment. However, it was beyond our imagination that this issue in the United States would suddenly change the market so much. However, when November comes, there are major changes in the market, but this year's additional decline in the market in November is really making small investors nervous.

[Franklyn-wood]

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.

No matter the reasons all we know is that there is a dip in theatkek now considering the fact that Bitcoin is volatile so we should understand that this is normal occurrence in the Bitcoin market and with time it normalize. This is a time the test the patient level if each investors in the market enduring the dip till there Bull again. At this point a lot who invested there total income and are without savings the the mind short term investment would rush to sell now for dear of losing there investments.

[BitMaxz]

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.

I don't think that's the only reason why the price of BTC crashed; the main cause of this is the recent hacks about hardware wallets and exchanges.
I don't think Christmas is also one of the reasons; in previous data, it's rare that December got low demand. Remember how the price dropped in November in the past years according to the record price pump high in December after the crash. It might happen similarly this time; it's just based on the previous data and my experience before, and then January would be a massive dump.

Note about the buyback operation, which ended last November 4: look at those pumps previously about the buyback operation, and by the end of the buyback operation, it drops.
Which is, I think, the big reason why the price is now crashing, but I feel like they are going to wipe out that liquidity beyond the $63k level before the big bullish is coming.

[snowpega]

I recently bought some when it was trading in the price range of 68k. And then it dumped further; does that mean I should be panicked? Obviously not. Because I bought it to hold, not to trade. So I know that holding it for the long term is obviously worth it no matter at which point you took an entry. If you actively buying using a DCA strategy, then you should not be worry about if market dips further. Consider every dip of the market as an opportunity to buy more.

Aside from this, yes, midterm elections can be one reason why the market is dumping, but OP, I think you are forgetting the recent Binance hack case, where many sold their holdings being panicked and we saw the crash at that point also. Whatever is going on, I personally consider it a buying opportunity. Just stay strong and hold. DYOR!

[PrivacyG]

I thought we were past the 'Christmas is coming', 'New Year is coming', 'Chinese New Year is coming' B S.  If you believe it is normal that markets drop when these events come then why do you keep repeating that like some kind of self assurance?

2015 Bitcoiners would have really liked to hear about the 2026 drop.  It would have made them buy more.

[JamesDaniel90]

What do we all think are we going below the $58k July low or not next few days?

I’m sure most of us thought the $58k was the bear market Low when Bitcoin was above $80k just last week but here we are back down near it again at $63k.

Either way this bear market is nearly over at least as it’s been well over a year since the $126k high now.

My plan is to just buy these lows and wait for the market to bounce soon and it will.

[Rengga Jati]

As usual, the last quarter will be extreme market condition. Sometimes, the market is in very great pump. But, sometimes, the last quarter market crashed very badly.
The recent crash happen during this month is around -17%. This is similar with what happened in the last year 2025. The market also drop around -17% on November. If the cycle is still the same, this may be also the same as what happen in 2022 ( as the first year of bearish era). The market also crashed around -16.23% on November. It means this year is much worse than the previously. And now, it is still at the half month of November.

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.

Long term holders should love this situation. Moreover when they can buy more Bitcoin in lower prices.
Today, the lowest price is $63,329.43. But, the market sentiment is still going on. If this really true, we should wait it down again, maybe as you said, under $60k. Or, may be will create another new bottom.

[2Pizza410000BTC]

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.

We have been seeing the market going down for quite some time. We have seen the Bitcoin market go down slowly since before the Binance hack and after the Binance hack it went down a bit faster but later the market turned around and reached $81k and after that the market went down very fast and now the Bitcoin market is at $63k. However, some of the reasons you mentioned could be responsible but I think it is because of the volatility of Bitcoin that it has gone down.

[Botnake]

This is not something new. Bitcoin can still be bearish even at the last quarter of the year and start to pump its price early next year. The Christmas approaching is never the reason, nor losing of Trump from mid-term election. Bitcoin price dumps because of its never ending price fluctuations, and we might be surprised one day that bitcoin price is pumping again. Volatility serves the market, right? We just have to get used to it, or else leave our bitcoin investment and shift into traditional assets.