The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.

This surge in demand for lower-strike puts contrasts with the post-Trump-election pattern of enthusiasm for high-strike calls.

Overview Bitcoin Price Today is near $78,769, showing strong volatility and market fear.Global economic pressures and liquidations are keeping Bitcoin weak in t

The bitcoin price crashed into the $75,000 range, breaking below key technical support levels as heavy selling pressure swept through the market.

Long-term bitcoin holders are selling at the fastest pace since August, while some industry observers suggest the market may be approaching a bear-market bottom.

From November 10 to December 1, Bitcoin fell from a valuation of about $106,000 to a low of under $85,000. Concerns surrounding tech stocks, liquidity, and a variety of other complex factors had contributed to a deepening risk mood in crypto spaces.

Strategy now holds $54 billion in Bitcoin. Traders are positioning for further downside, analysts say. ETFs saw $562 million in investment.

The Bitcoin price attracts attention from analysts and traders who watch its moves on crypto exchanges. Researchers usually point to a few factors that move the coin’s price through different cycles. The key drivers include supply limits, market demand, macroeconomics, and market behaviors.

Bitcoin could rally past the $80k psychological level as strong ETF inflows on Monday indicates renewed institutional participation.