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Bitcoin Dips Below $90k and ETH Breaks $2,900 Amid $200M Liquidations
12/01/2025, 00:35
AI SUMMARY
●BTC falls below $90k and ETH drops under $2,900 at the start of December
●Over $200 million in crypto long positions liquidated in the past hour
●Polymarket odds for BTC hitting $100k by year-end drop below 40%
Bitcoin's price fell below the $90,000 mark and Ethereum dropped below $2,900 as December trading began. The sharp decline triggered approximately $200 million in long position liquidations within a single hour.
Market sentiment has shifted swiftly, with Polymarket odds for Bitcoin reaching $100,000 by year-end dropping below 40%. While Arthur Hayes tweeted "it’s time for Up Only," market participants are reacting to the immediate downside volatility.