Bitcoin’s sell-off is accelerating, and the market is feeling the pain in real time.
- Nearly $1 billion in Bitcoin liquidations hit in just one hour, triggering one of the largest wipeouts of 2025.
- Bitcoin is now more than 33% below its $126,223 all-time high, with sellers maintaining strong control.
- Bitcoin ETF outflows totaled $903.2 million on November 20, signaling that institutions are not buying the dip.
Nearly $1 billion in crypto positions were liquidated in just the past hour, marking one of the most aggressive liquidation waves of 2025 so far. The heatmap shows Bitcoin alone accounting for over $962 million in liquidations, with Ethereum adding around $404 million and Solana roughly $98 million. The scale of forced exits highlights how violently over-leveraged long positions have been wiped out as price continues to slide.
At the time of writing, Bitcoin trades around $83,900, extending an eight-day correction that has turned into a broader collapse. Momentum remains heavily in favor of sellers: the RSI sits at 24, deep in oversold territory, but history shows that RSI can stay oversold for long periods during major downtrends.
The MACD histogram is deeply negative, showing no sign of cooling selling pressure. Bitcoin has now fallen more than 33% from its all-time high of $126,223 reached in early October, erasing weeks of gains in a matter of days.
A Crucial Moment: $80,000 or a Full Break?
The market is now approaching a psychological and technical line in the sand. The zone between $80,000 and $83,000 is viewed as the final defense before a full confirmation of a bear market. If Bitcoin drops below $80,000 and fails to reclaim it quickly, analysts warn that a prolonged bearish phase could be locked in.
However, not everyone sees doom ahead. If Bitcoin stabilizes above $80,000 and reverses within the $80,000–$83,000 region, this zone could act as a springboard for recovery. Dip-buyers are already watching for signs of exhaustion among sellers, and historically, price capitulation paired with extreme liquidations has often preceded sharp rebounds.
ETF Outflows Add Fuel to the Fire
Adding extra weight to the downturn, Bitcoin ETFs recorded heavy outflows on November 20, worsening selling pressure across the spot market. The latest data shows a combined $903.2 million leaving U.S. Bitcoin ETFs in a single day, marking one of the largest withdrawal waves since ETF trading began.
Outflows were widespread across issuers, with IBIT at –$355.5M, FBTC at –$190.4M, GBTC at –$199.4M, and BITB and ARKB also posting net losses.
The only ETF showing a modest inflow was BTCO, up $94.4M, but it wasn’t nearly enough to balance the broader exit of institutional capital. The sharp outflow confirms that traditional finance is not buying the current dip — at least not yet — and suggests that the market is still searching for a bottom before large inflows return.
Market Sentiment is Breaking
The past 24 hours show Bitcoin down almost 9%, while the weekly decline has reached over 13%. The sell-off is broad across altcoins, but the spotlight remains on Bitcoin due to the size of the liquidations and the speed of the price collapse.
With traders losing nearly $2 billion in liquidations over 24 hours, volatility is only increasing. The next major move may determine the market’s direction for the rest of the year.
At the time of writing, Bitcoin has just reclaimed $84,000.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/bitcoin-crash-below-84000-triggers-almost-1-billion-in-liquidations-in-just-60-minutes/
