Why Crypto Is Going Down Today [Live] Updates On Dec 1,2025

Chainlink is gearing up for a major moment in the crypto market. Nate Geraci, President of The ETF Store, revealed on X that the first spot Chainlink ETF is expected to launch this week. He added that Grayscale will upgrade its current Chainlink private trust into a publicly tradable ETF. This move could make Chainlink more accessible to everyday investors and bring fresh attention to the project as ETF interest continues to grow.

Bitcoin’s monthly and weekly candles are set to close with clear signs of weakness. The monthly chart failed to hold key support, while the weekly candle is now bear-retesting the breakdown level. After shifting from bearish at $110K to bullish at $84K, some traders say the structure is turning bearish again around $91K. Many are choosing to step aside, closing positions and waiting for either a clean move above $100K or a deeper pullback before re-entering the market.

Bitcoin’s monthly candle is closing with a key bullish signal. The price briefly dipped to its long-term trendline but bounced back above it, showing strong demand at a critical level. This is the same trendline that previously sparked 175% and 118% rallies in past cycles. As long as BTC holds above it, the higher-timeframe uptrend remains intact. If it loses this level, the structure could shift. For now, buyers stepped in, and the next monthly candle should confirm the market’s direction.

Bitcoin is dropping sharply ahead of today’s emergency Federal Reserve meeting, with large sell orders reportedly coming from major players, including Binance, Wintermute, and BlackRock. In just three hours, more than $2.5 billion in BTC is said to have been offloaded, adding intense pressure to the market. The aggressive selling has fueled speculation about coordinated moves and insider activity, though none of the firms have made public statements. Traders are now watching the Fed meeting closely as volatility continues.

Bitcoin suddenly fell $5,000 within hours, wiping out nearly $210 billion from the crypto market. More than $700 million in positions were liquidated, despite no major news, macro events, political issues, or even FUD driving the move. Traders say the sharp drop looks like a classic leverage reset, with whales dumping price to flush out overextended positions. The sudden volatility has sparked renewed debate about market manipulation and the growing influence of large holders during high-leverage periods.

Whales appear to be reducing their long Bitcoin positions or quietly adding to shorts, even as retail traders jump in out of FOMO. This kind of setup often leads to sideways movement, as happened in March and April. Some bearish traders are also watching the $80,000 zone again, possibly preparing to accumulate if the price dips back into that range.