On December 2, 2025, BTC generally showed a trend of falling first, followed by a slight rebound. Bears dominated the market, and after losing key support levels, the price remained weak and volatile. Specific market performance is as follows:

- Price fluctuations: In the morning, Bitcoin was priced at $86,378 per coin, down 5%. It hit an intraday low of $83,786 before rebounding somewhat, and eventually fluctuated around $86,000. It has now retraced more than 30% from its all-time high in early October.
- Market sentiment and funds: Panic sentiment still prevails in the crypto market, with the Fear and Greed Index at 28, in the fear zone. More than 270,000 people were liquidated across the network, with total liquidations reaching $985 million, of which over 88% were long positions.
- Technicals: Daily candles have closed bearish for consecutive days, MACD volume is decreasing, and the K-line has fallen below all moving averages, showing a bearish alignment. On the 4-hour chart, the key $90,000 support was lost, the Bollinger Bands expanded with the lower band at $85,000, and the short-term rebound lacks momentum.