Bitcoin Faced Resistance With 52 Position Liquidations, Pulled Down to $85K

MevHunter · 2026-03-23T15:51:41+00:00

Bitcoin's price fell to $85,650 due to significant selling pressure, forcing over 180,000 investors to close positions, mainly long ones. November marked the worst monthly performance since 2018, reflecting investor uncertainty and highlighting the domino effect of liquidations in the market. Despite this, some analysts remain optimistic about December, viewing the current dip as a potential opportunity.

MevHunter

2026-03-23 15:51:41

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Bitcoin experienced a sudden sell-off after failing to break key resistance levels in the market, dropping to $85,650. Over the past 24 hours, more than 180,000 investors were forced to close their positions, with 90% of them holding long positions. Reporters indicate that the liquidation of 52 positions triggered a domino effect, causing this sharp decline. This drop is seen as an indicator of Bitcoin’s recent volatility.

November Performance: The Worst Since 2018

On a monthly basis, Bitcoin declined by 17.49%, marking its worst November performance since 2018. This decline is not limited to price alone but also signals a significant erosion of investor confidence. The wave of sales triggered by the liquidation of 52 positions prompted market participants to make quick decisions.

Liquidity Dynamics: Perspective from Kobeissi Letter

Kobeissi Letter analyst explains that the sudden surge in selling volume created a domino effect among market participants. Reaching stop-loss levels of one investor triggered others, leading to a cascade of liquidations. This mechanism particularly impacts critical levels like 52 positions, especially in leveraged trading.

December Expectations: Optimism Continues

Some analysts, like Sykodelic, believe these bottom levels could present a buying opportunity. Statements expressing continued optimism for December suggest that this November decline could be a “great start” for the month. The period has begun where market dynamics and micro indicators like 52 positions need close monitoring.

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