Dec 3, 2025
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Bitcoin Long Liquidations Surpass $221 Million Amid Price Pressure
Key Highlights:
- Bitcoin struggles below $90,000 due to heavy selling and aggressive long liquidations.
- Sellers maintain control, with bulls unable to regain momentum, leading to market uncertainty.
- The liquidation dominance oscillator indicates a pressure shift towards buyers, with a current reading of 32%.
- Three significant waves of long liquidations in November each exceeded $400 million, amplifying price declines.
- The latest liquidation wave reached $221 million, reversing a short-term recovery attempt and pushing Bitcoin back to $86,000.
Market Analysis:
- Bitcoin's weekly chart shows it testing critical support between $86,000 and $88,000 at the 100 SMA.
- Significant volatility observed, with brief dips to nearly $84,000 before a shallow rebound.
- The 50 SMA continues downward, indicating seller-favored momentum.
- Bulls need to close above $95,000 weekly to regain control.
- If the 100 SMA fails, the next major support is near $70,000–$72,000, aligned with the 200 SMA.
The upcoming weekly close will be crucial in determining Bitcoin's trajectory amid ongoing bearish pressure.