Bitcoin Updates: U.S. Market Pessimism Contrasts with Asian Confidence as Bitcoin Drops Near $85,000

In early November 2025, Bitcoin's value plunged to just above $85,000, reflecting a 7% drop within a single day and a 20% decrease over the last month,

. This downturn has been fueled by a combination of factors, such as a wave of selling from previously inactive wallets, evolving macroeconomic forecasts, and a significant shift in derivatives markets toward bearish positions. Experts and liquidity providers caution that the market's structure is weakening as heightened volatility is expected toward the year's end.

The downward pressure has intensified due to a sudden surge of

moving from long-inactive wallets to major exchanges, with tens of thousands of coins—some untouched for years—now entering circulation. that this influx has outpaced buyer interest, heavily tilting spot markets in favor of sellers. Deribit’s data further highlights the negative outlook, as put options now outnumber calls, signaling traders are bracing for further declines. The $85,000 put option on Deribit alone has amassed $2.05 billion in open interest, .

Broader economic trends are worsening the bearish sentiment. has unsettled riskier assets, with the odds of a December rate reduction dropping from over 60% to 43% recently. At the same time, tighter monetary conditions and increasing credit risks have prompted investors to move away from volatile assets like cryptocurrencies,