{"id":91592,"date":"2025-12-01T10:48:27","date_gmt":"2025-12-01T07:48:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91592"},"modified":"2025-12-01T10:50:57","modified_gmt":"2025-12-01T07:50:57","slug":"bitcoin-slips-below-85500","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slips-below-85500\/","title":{"rendered":"Bitcoin slips below $85,500"},"content":{"rendered":"<p>The price of the leading cryptocurrency slipped below $85,500. Macro factors and an incident involving the Yearn Finance protocol may have weighed on the market.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"629\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-f4f74fbb8edea929-10967790796445270-1024x629.png\" alt=\"BTCUSDT_2025-12-01_10-06-46\" class=\"wp-image-270808\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-f4f74fbb8edea929-10967790796445270-1024x629.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f4f74fbb8edea929-10967790796445270-300x184.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f4f74fbb8edea929-10967790796445270-768x472.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-f4f74fbb8edea929-10967790796445270.png 1429w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute chart of BTC\/USDT on Binance. Source: <a href=\"http:\/\/tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, bitcoin trades at $86,143, down 5% over the past 24 hours.<\/p>\n<p>The pullback extended to other assets: Ethereum fell 6% ($2,821), XRP 6.8% ($2.04), BNB 5.4% ($826) and Solana 7.2% ($126).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"330\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-48d03773dcab9a40-10967814382386258-1024x330.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-12-01 100936\" class=\"wp-image-270809\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-48d03773dcab9a40-10967814382386258-1024x330.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-48d03773dcab9a40-10967814382386258-300x97.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-48d03773dcab9a40-10967814382386258-768x248.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-48d03773dcab9a40-10967814382386258-1536x496.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-48d03773dcab9a40-10967814382386258.png 1596w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Total market capitalisation fell 4.9% to $3 trillion.<\/p>\n<p>Earlier, bitcoin\u2019s rise had been underpinned by expectations of a December key-rate cut by the <span data-descr=\"US Federal Reserve System\" class=\"old_tooltip\">Fed<\/span>. Market participants put the odds at 87.4%. Many experts, however, argue that hopes alone will not restore risk appetite.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-834158954d95149d-10967839592781683-1024x683.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-12-01 101417\" class=\"wp-image-270810\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-834158954d95149d-10967839592781683-1024x683.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-834158954d95149d-10967839592781683-300x200.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-834158954d95149d-10967839592781683-768x512.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-834158954d95149d-10967839592781683.png 1065w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME FedWatch<\/a>.<\/figcaption><\/figure>\n<p>BTC Markets analyst Rachael Lucas <a href=\"https:\/\/www.theblock.co\/post\/380835\/bitcoin-slides-below-86500\">called<\/a> the move a \u201cclassic deleveraging spiral\u201d. In her view, a December cut was priced in back in autumn. Risk appetite is now constrained by inflation and talk of tariffs. The pressure was compounded by a November outflow of $3.5bn from spot bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>.<\/p>\n<p>Panic intensified after a hack of the DeFi aggregator Yearn Finance. Attackers drained a yETH token <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-liquidity-pools-and-how-do-they-work\">pool<\/a> and sent 1,000 ETH to the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-tornado-cash-mixer-and-why-was-it-sanctioned\">Tornado Cash<\/a> mixer.<\/p>\n<p>BTSE chief operating officer Jeff Mei noted that traders fear a chain reaction. Yearn Finance interacts with large protocols such as <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-aave\">Aave<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-curve\">Curve<\/a>, so concern about further withdrawals is prompting selling.<\/p>\n<p>Lucas outlined key support and resistance levels:<\/p>\n<ul class=\"wp-block-list\">\n<li>$87,000 \u2014 a pivotal threshold; holding it could allow a bounce;<\/li>\n<li>$80,400 and $75,000 \u2014 next targets if support breaks;<\/li>\n<li>$95,000-100,000 \u2014 a range if the Fed cuts rates;<\/li>\n<li>$110,000-120,000 \u2014 possible if Fed chair Jerome Powell strikes a \u201cdovish\u201d tone.<\/li>\n<\/ul>\n<p>Venture investors believe that clarity on macroeconomics will be the main catalyst in the coming months. Boris Revsin of Tribe Capital thinks the market underestimates the potential for policy easing under a new Fed chair. US President Donald Trump <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-30\/fed-contender-hassett-says-market-is-ready-for-trump-chair-pick\">said<\/a> he has already chosen a nominee.<\/p>\n<h2 class=\"wp-block-heading\">Spot trading volume on crypto exchanges<\/h2>\n<p>In November, aggregate spot volume on centralised exchanges (CEX) fell by 26.7% versus October to $1.59 trillion, the lowest since June.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/crypto-markets\/spot\/cryptocurrency-exchange-volume-monthly\/embed\" title=\"Cryptocurrency Monthly Exchange Volume\"><\/iframe><\/p>\n<p>Binance remained the market leader with $599.34bn in turnover, though activity declined markedly from October\u2019s $810.44bn. Bybit ranked second with $105.8bn, followed closely by Gate.io ($96.75bn) and Coinbase ($93.41bn).<\/p>\n<p>Kronos Research CIO Vincent Liu <a href=\"https:\/\/www.theblock.co\/post\/380831\/crypto-exchange-volume-drops-november\">attributed<\/a> the drop to a shift from October\u2019s frenzy to stagnation. Volatility has ebbed, he observed, and traders have started to take profits after the rally.<\/p>\n<p>Activity also waned across decentralised exchanges (<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a>). Monthly volume fell from $568.43bn to $399.39bn. <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-uniswap-uni\">Uniswap<\/a> remained on top ($79.97bn), followed by <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-pancakeswap-a-uniswap-style-dex-on-binance-smart-chain\">PancakeSwap<\/a> ($70.56bn). Turnover on both dropped substantially.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-8f1cd56f86f56b25-10967885650996287-1024x450.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-12-01 102238\" class=\"wp-image-270811\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-8f1cd56f86f56b25-10967885650996287-1024x450.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-8f1cd56f86f56b25-10967885650996287-300x132.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-8f1cd56f86f56b25-10967885650996287-768x338.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-8f1cd56f86f56b25-10967885650996287-1536x675.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-8f1cd56f86f56b25-10967885650996287.png 1604w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/dexs\">DefiLlama<\/a>.<\/figcaption><\/figure>\n<p>DEX share relative to CEX fell from 17.56% to 15.73%. Liu linked this to structural factors: in tight trading ranges, centralised venues benefit from deeper liquidity and narrower spreads. Reduced speculative flows and fewer incentives in DeFi added pressure.<\/p>\n<h2 class=\"wp-block-heading\">Support levels<\/h2>\n<p>Glassnode analysts observed a shift in key on-chain levels for bitcoin.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"glassnode\/1437\" data-width=\"100%\"><\/script><\/p>\n<p>The realised price of short-term holders stands at $104,200. This metric reflects the average cost of coins acquired over the past 155 days. The current price sits well below this mark, creating an overhang from speculators looking to break even.<\/p>\n<p>The experts highlighted several key support levels below the asset\u2019s current price:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>$88,100 \u2014 average entry price of active investors;<\/li>\n<li>$81,700 \u2014 the market\u2019s true average price;<\/li>\n<li>$56,400 \u2014 the global realised price of all coins on the network.<\/li>\n<\/ul>\n<p>The market structure indicates that bitcoin is boxed into a range between short-term holders\u2019 losses and the average profit of active network participants, the experts concluded.<\/p>\n<p>In November, analysts at XWIN Research Japan <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-flag-rising-liquidity-and-bitcoins-rally-potential\">noted<\/a> rising liquidity and the potential for a rally in digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin slipped below $85,500, as macro headwinds and a Yearn Finance incident pressured the market.<\/p>\n","protected":false},"author":1,"featured_media":91593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell below $85,500 amid macro jitters and a Yearn Finance hack.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145],"class_list":["post-91592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"181","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell below $85,500 amid macro jitters and a Yearn Finance hack.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/91592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=91592"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/91592\/revisions"}],"predecessor-version":[{"id":91594,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/91592\/revisions\/91594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/91593"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=91592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=91592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=91592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}