Bitcoin: Polymarket assigns 62% probability to BTC price crashing below $50,000 before 2027 amid bearish 4h chart signals at $60,156.

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Bitcoin drops below $70,000 as $678 million in longs liquidated. BTC price action shows bearish EMA structure and oversold RSI on 4h chart.

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According to @KobeissiLetter, Bitcoin (BTC) fell nearly $3,000 within about 45 minutes as approximately $70 million in leveraged long positions were liquidated, indicating a rapid leverage-driven drawdown within the session, source: @KobeissiLetter. For traders, the reported long-liquidation wave can amplify intraday downside momentum and raise short-term execution risk during volatility spikes, source: @KobeissiLetter.

According to Michael van de Poppe (@CryptoMichNL), the latest Bitcoin drop could be the final shakeout, with price action resembling prior-cycle fractals but on a longer timeline (source: Michael van de Poppe on X, Dec 2, 2025). He stated that multiple indicators were overextended to the downside in the recent crash, asserting the move had a heavier magnitude than the Luna, FTX, and COVID sell-offs (source: Michael van de Poppe on X, Dec 2, 2025). He added that BTC could still go lower or rebound higher and did not provide specific price levels or timeframes, framing the post as a scenario assessment rather than a directional call (source: Michael van de Poppe on X, Dec 2, 2025). This positions the move as a potential capitulation setup that traders often monitor for reversal risk, though no explicit entry or exit signals were given in the post (source: Michael van de Poppe on X, Dec 2, 2025).

According to @godbole17, BTC is crashing, with a linked thread explaining the reasons behind the sell-off for traders to review. Source: https://x.com/godbole17/status/1991666846194626679; https://x.com/godbole17/status/1984122945237872782

According to @KobeissiLetter, Bitcoin (BTC) fell toward $93,000 and has turned negative year-to-date, while total crypto liquidations over the past 24 hours exceeded $500 million (source: The Kobeissi Letter on X, Nov 16, 2025).