Behind BTC breaking 86000 USD: It is not panic selling, but rather the sudden disappearance of liquidity.

YieldWhisperer

2025-12-01 05:40:19

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[Coin World] During the Asian trading session, BTC suddenly broke below the 86,000 USD mark, causing the entire crypto market to suffer, with a market capitalization evaporating by nearly 140 billion USD. Interestingly, this big dump was not due to retail investor panic dumping; the order book data reveals the truth — market liquidity instantly dried up, and the buy depth of mainstream assets was directly slashed by 50%, shrinking by 30% to 50%.

Looking at the spot CVD indicator, the aggressiveness of buyers has experienced a cliff-like reversal. In simple terms, it means that the buyers who were taking over suddenly disappeared, and the price naturally collapsed, rather than being caused by the sellers dumping their stocks.

The key now is to look at two levels: 85800 is the current hurdle, if it can hold, it will be a breather; if it can bounce back to the range of 86500 to 87000, there might still be a chance in the short term.

BTC2.25%

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unrekt.eth

· 21h ago

The disappearance of liquidity is scarier than dumping; buy orders have directly slumped by 50%... This is a signal that Large Investors are quietly retreating.

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DaoGovernanceOfficer

· 12-01 06:10

liquidity evaporation is literally the governance problem of market microstructure nobody talks about enough. orderbook depth collapsing 50% means your exit liquidity assumption was always fiction tbh. empirically speaking, this mirrors what happens in poorly designed token distributions where voting power concentrates right before a proposal vote... same mechanics, different market.

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GasFeeWhisperer

· 12-01 06:10

Liquidity drying up is much more terrifying than dumping, as no one is catching a falling knife.

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SighingCashier

· 12-01 06:08

The disappearance of liquidity is more terrifying than panic dumping, indicating that institutions are quietly withdrawing.

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TokenToaster

· 12-01 06:08

Liquidity drying up is more terrifying than dumping, the dumb buyers have all run away.