Bitcoin Plunges Below $86,000 as Crypto Markets Face Historic Liquidation Wave
Crypto carnage hits unprecedented levels as Bitcoin craters through critical support
The Great Unwinding
Digital assets across the board got hammered in what veteran traders are calling the most aggressive deleveraging event since the 2022 collapse. Bitcoin's dramatic fall below $86,000 triggered cascading liquidations that wiped out over $3 billion in leveraged positions within hours.Market Mechanics Breaking Down
Liquidity evaporated faster than a meme coin's promises as market makers pulled bids and algorithmic trading systems went into survival mode. The usual buy-the-dip crowd stayed on the sidelines—apparently even crypto bros have limits when their Lamborghini dreams turn into bus fare realities.Institutional Domino Effect
Major funds faced margin calls while crypto-native lenders scrambled to cover positions. The very leverage that fueled the recent rally became the gasoline on today's fire. Nothing says 'mature asset class' like watching billion-dollar positions get liquidated because someone sneezed in Wyoming.Silver Linings and Reality Checks
For long-term holders, this represents another stress test for Bitcoin's underlying infrastructure—which held up remarkably well despite the price action. The network processed transactions normally while traditional finance veterans muttered 'I told you so' over their afternoon martinis. Sometimes the market needs to remind everyone that trees don't grow to the moon—even digital ones.Bitcoin Could Reach $200K by 2029, Says Brandt
Market veteran Peter Brandt has disclosed that he maintains 40% of his largest Bitcoin holding, which he acquired at a price he considers one-twentieth of that at which Michael Saylor has been entering the market.
Full disclosure folks
Of my maximum ever bitcoin position I still own 40%, at a price 1/20th of Saylor's avg buy.
I am a long-term bull on Bitcoin. This dumping is the best thing that could happen to Bitcoin. The next bull market in Bitcoin should take us to $200,000 or so. That…
Brandt has described this current correction as “the best thing that could happen to Bitcoin,” as it will reduce leverage and allow BTC to recover better. He has also predicted that in the next bull market, Bitcoin may reach $200,000 by the third quarter of 2029, and his analysis can be seen anytime by the members of Bitcoin Live.
The prediction sparked mixed responses. Some argued that, depending on Bitcoin’s risk, returns seem modest, whereas others referred to cycle forecasts, such as a trough in October 2026 and a peak in September 2029. Mike McGlone,
A Bloomberg analyst argued that Bitcoin may drop to $10,000 if market conditions face difficulties, as seen in 2018, with increased token supply and difficult macro environments.
Bloomberg Intelligence: "I think #Bitcoin can go back to $10k." 🚨 pic.twitter.com/nnbMmjX0b7
— CryptoChatter (@crypto_chatter1) November 19, 2025Bitcoin Volatility Sparks Market Caution
Although there was a sell-off, key individuals in the market are optimistic. The CEO of MicroStrategy, Michael Saylor, asked people not to panic, having acquired $800 million worth of BTC last week and remaining viable even if the price goes down by as much as 90%. The founder of Cardano, Charles Hoskinson, also remained optimistic, expecting BTC to hit $250,000 by next year.
Technical analysis indicates that BTC is reaching oversold conditions, possibly triggering an upward MOVE as selling pressure deters. Any slight rise in market expectations of a December interest-rate cut, at 31% probabilities, may initiate buying actions.
Analysts warn that if the pace of growth towards 2029 is slow, this could pose problems for miners, as rising operating expenses and diminishing block rewards are at stake.
Despite market volatility, it appears that market participants are keenly waiting to see if the selling cycle may be coming to an end and if it may be entering into its next growth cycle.
