Bitcoin Falls Below $87K, Rebounds to $87.3K After Seven-Month Low
Bitcoin extended a sharp drop below $87,000 on Thursday, Nov. 20, 2025, falling over 5% in 24 hours to touch roughly $86,300 before recovering to about $87,300 at press time. The decline marked a seven-month low and highlighted heightened intraday swings as traders scrambled around major round-number levels and short-term positions were repriced.
Why it matters: the move tests near-term support in the high-$80,000s and could affect derivatives activity and broader crypto market sentiment. A sustained hold above $87k would relieve immediate selling pressure and open the door for a tactical rebound, while a break lower could accelerate short-term liquidations. Market participants will be watching ETF flows, macro headlines and on-chain metrics for clues on whether this is a brief shakeout or the start of a deeper pullback.