Bitcoin Crashes 5% In ‘sunday Slam’ As Liquidations Surge 2025

Bitcoin plunged nearly 5% to $86,950 in Sunday trading, triggering $539 million in liquidations after the asset endured its worst November performance since 2018.

Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday.

The asset had spent most of the weekend trading around $91,500, where it appeared to be consolidating toward the end of the month, but suddenly declined to $86,950 on Coinbase, according to Tradingview.

The almost 5% slide followed the first green weekly candle close for four weeks, with Bitcoin (BTC) ending the week at $90,411, according to Tradingview.

“As seen countless times this year, Friday night and Sunday night often come with large crypto moves,” observed the Kobeissi Letter, adding the slump came without an obvious news catalyst.

Kobeissi blamed the flash crash on a “sudden rush of selling volume, which led to a domino-effect sell-off, which is only amplified by the historic amounts of levered positions being liquidated.”

Related: Bitcoin 2022 bear market correlation hits 98% as ETFs add $220M

Over 180,000 traders were liquidated in the past 24 hours, with total liquidations at $539 million and the majority of that in the past few hours, reported CoinGlass. Almost 90% of those liquidations were long positions, predominantly in BTC and Ether (ETH).

Bitcoin saw its worst month of this year and its worst November performance since 2018, ending the month down 17.49%, according to CoinGlass. The asset declined 36.57% in November 2018, during a brutal bear market.

Analyst “Sykodelic” remained bullish, stating, “This is actually a great start to the month.”

Source: CoinTelegraph