3 facts about the fall of Bitcoin: Price Plummets by IDR1.5 Billion as Support of IDR1.52 Billion is Broken (1/12/25)

Jakarta, Pintu News – The price of Bitcoin (BTC) is back in the spotlight after a drastic drop from the $91,000 level (around Rp1,516,333,000) to the $86,000 zone (around Rp1,433,018,000) in just a matter of minutes.

Based on a Bitcoin.com News report on Sunday evening (December 1, 2025 Indonesian time), massive selling pressure was cited as the main cause of this fall. The move also triggered the liquidation of over Rp2.3 trillion in BTC long positions.

Here are three important facts that explain why Bitcoin “slipped” from its critical support zone and the repercussions for the crypto market as a whole.

1. Key Support of $91,000 “Vaporizes”: Market Sentiment Shifts Immediately

A report from Bitcoin.com News states that the price of BTC initially showed a steady movement around $91,000. However, selling pressure suddenly emerged and broke several intraday support levels without a hitch. The huge surge in selling volume indicates a large stop-loss or even forced liquidation.

In a short period of time, the price of BTC instantly dropped to the $86,900 level, erasing all the gains that were slowly built up over a few days. The technical structure instantly changed from neutral to fragile, indicating the potential for high volatility in the near future.

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2. Big Liquidation: IDR2.3 Trillion Removed from Long Positions

Based on data from Bitcoin.com, more than $139 million in long BTC positions were liquidated in just one session of the drop. This indicates that many highly leveraged traders were unable to withstand the sudden drop.

Such a situation is commonly called “cascading liquidations” – where one major liquidation triggers another in an overly leveraged system. As a result, not only do prices fall, but also market confidence is shaken.

3. Market Still Vulnerable: New Resistance Emerges, Old Support Disappears

After a sharp decline, Bitcoin price briefly bounced to $87,583 (approximately Rp1,459,823,000) at 8:20 pm local time. But according to Bitcoin.com, the market structure has now become much weaker, with old support having been broken and new resistance starting to form around $89,000-$91,000.

Analysts say that in order to bounce back, BTC must start rebuilding support from lower levels, and avoid further selling pressure. However, if the pressure persists, additional declines could occur due to the lack of liquidity and buying power.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

What are the main reasons why Bitcoin (BTC) price has plummeted below $91,000?

According to a report by Bitcoin.com, the price plunge was caused by massive selling pressure that outpaced market liquidity, triggering a rapid decline and liquidation of long positions.

How much of the position was liquidated due to this price drop?

More than $139 million or around Rp2.3 trillion in BTC long positions were liquidated during the down session.

Is this a signal that Bitcoin’s long-term trend is changing?

Currently, technical signals point to weakness in the short term. The price structure has turned vulnerable, but there is no confirmation of a long-term trend reversal.

What do market watchers need to pay attention to next?

Stabilization of the price above $87,000 or recovery to above $91,000 will be the key to the next direction of movement.

Reference:

• Bitcoin.com AI. Bitcoin Falls off a Cliff as $91K Support Vaporizes. Accessed December 1, 2025.