Bitcoin News Today: Bitcoin's $80k Defense: Key to 2025's Survival?

Bitcoin's price continued to slide below $84,000 on December 1, 2025, [as macroeconomic headwinds and thin liquidity conditions](https://cointelegraph.com/news/btc-price-dips-under-84k-bitcoin-faces-pivotal-week-2025-candle) exacerbated selling pressure in the cryptocurrency market. The decline, which saw daily losses exceed 7%, was [attributed to a combination of factors](https://cointelegraph.com/news/btc-price-dips-under-84k-bitcoin-faces-pivotal-week-2025-candle), including Japan's interest rate hike, the potential for institutional asset manager Strategy to divest its Bitcoin holdings, and lingering overleveraged positions in derivatives markets. The selloff coincided with the return of U.S. traders from the Thanksgiving holiday, compounding bearish sentiment. [Analysts emphasized](https://cointelegraph.com/news/btc-price-dips-under-84k-bitcoin-faces-pivotal-week-2025-candle) that the coming days would be pivotal in determining whether Bitcoin could stabilize and avoid ending 2025 in negative territory.

On-chain data from Glassnode highlighted that the late November price drop had created a dense cost-basis cluster near the $80,000 level, [potentially forming a critical support zone](https://cryptopotato.com/glassnode-late-november-dip-created-2025s-strongest-btc-buy-zone/) for buyers. Derivatives data pointed to forced liquidations as a key driver of the recent slump, with $250 million in long positions wiped out on Binance alone. Meanwhile, [open interest in Bitcoin futures fell](https://cryptopotato.com/glassnode-late-november-dip-created-2025s-strongest-btc-buy-zone/) by $700 million, signaling a shift toward capitulation-like positioning. Traders remain divided on the path forward, [with some viewing levels below $90,000 as a "massive opportunity"](https://cryptopotato.com/glassnode-late-november-dip-created-2025s-strongest-btc-buy-zone/), to accumulate undervalued positions, while others caution that structural selling by large holders and ETF outflows could undermine any near-term recovery.

[The risk-off mood in crypto markets contrasted](https://www.forbes.com/sites/saradorn/2025/11/29/black-friday-online-sales-up-nearly-10-from-last-year-study-shows/) with a surge in U.S. Black Friday online sales, which hit a record $11.8 billion - a 9.1% increase from 2024. Despite lingering economic uncertainties, including a drop in consumer confidence to 88.7 in November, [consumers prioritized major promotional events](https://www.cbsnews.com/news/u-s-consumers-spent-a-record-11-8-billion-online-during-black-friday-sales/), with Cyber Monday expected to set a new spending peak. This divergence underscored the broader macroeconomic pressures affecting both traditional and digital asset markets.

[Spot Bitcoin ETFs recorded a modest turnaround](https://cointelegraph.com/news/spot-bitcoin-etfs-end-four-week-outflows-70m-weekly-inflows), posting $70 million in net inflows for the week following four consecutive weeks of outflows. The reversal came as traders speculated on a potential short-term bottom, with indicators like the RSI nearing oversold levels and whale activity suggesting cautious optimism. [Ether ETFs also saw a rebound](https://cointelegraph.com/news/spot-bitcoin-etfs-end-four-week-outflows-70m-weekly-inflows), adding $312.6 million in net inflows after heavy withdrawals earlier in the month.

[The market's focus now turns to Nvidia's upcoming earnings report](https://www.coindesk.com/markets/2025/08/27/nvidia-earnings-loom-large-with-bitcoin-traders-eyeyning-correlation), which has historically correlated with Bitcoin's performance in seven of the last 10 quarters. With the options market pricing in a potential $270 billion swing in Nvidia's market capitalization, investors are closely watching for signals that could influence risk appetite in crypto.

[Analysts remain cautious](https://cointelegraph.com/news/btc-price-dips-under-84k-bitcoin-faces-pivotal-week-2025-candle), noting that Bitcoin's ability to defend key support levels will hinge on liquidity conditions and institutional flows. While some predict a rebound toward $100,000–$110,000 in the near term, [longer-term price projections suggest](https://coinpedia.org/price-prediction/bitcoin-price-prediction/) a potential 2025 high of $168,000, contingent on macroeconomic improvements and sustained ETF inflows. For now, the market's bearish sentiment persists, with altcoins extending their losses amid the broader risk-off environment.