Bitcoin Slides 5% in Sunday Sell-Off; $539M Liquidations Hit
Bitcoin tumbled nearly 5% to $86,950 in Sunday trading, sparking approximately $539 million in liquidations across derivatives markets, according to industry trackers. The decline capped what analysts are calling the weakest November for BTC since 2018, as elevated volatility and concentrated leveraged positions amplified downside moves.
The surge in forced selling pushed funding rates higher and eroded short-term bullish conviction, with long positions taking the brunt of the pain. Traders will be watching support around the mid-$80ks, upcoming options expiries and macro drivers — notably interest-rate expectations and risk appetite — for signs the market can stabilize. The move underscores how quickly leveraged flows can shift crypto market structure and may complicate positioning for exchanges, lending desks and retail investors heading into December.