BTC Price News: Will Bitcoin Fall Below $80K Today as Crypto Bulls See $1.7B Liquidations

Bitcoin extended its November collapse, dropping below $85,000 for the first time since April, wiping out its year-to-date gains and signaling the worst monthly drawdown since the 2022 crypto winter. The sell-off coincided with nearly $2 billion in liquidations over the past 24 hours, with Bitcoin accounting for $964 million. This market downturn is exacerbated by external factors, including global stocks posting their worst week in seven months due to concerns over AI valuations and Fed rate cut odds, leading to capital flight into Treasuries. Furthermore, U.S. spot Bitcoin ETFs saw over $900 million in net outflows on Thursday, and the Crypto Fear & Greed Index plummeted to 11, indicating "extreme fear"—a level historically preceding major swing lows.

(Source：CoinDesk)