Bitcoin Briefly Drops Below $86,000

On December 1, market sources report that Strategy has established a $1.44 billion dividend reserve fund.

On December 1, per Coinglass data, total liquidations across the network hit $153 million over the past hour. Long positions accounted for $148 million of the total, while short positions saw only $4.29 million in liquidations.

As of December 1st, Coinglass data shows $163 million in crypto positions have been liquidated across the entire network over the past 4 hours. Long positions make up $156 million of the total, while short positions are just $9.28 million.

Dec. 1 – Per HTX market data, Ethereum briefly fell below $2,800 earlier today. It’s currently trading at $2,814, marking a 7% drop over the past 24 hours.

December 1 — Per market data from HTX, Bitcoin has fallen below $85,000, currently trading at $84,925, with its 24-hour decline widening to 7.13%.

On December 1, a Bernstein analyst noted the industry is still “waiting for a clear signal that Bitcoin has bottomed out” — but stressed this downturn is fundamentally different from past pullbacks: core crypto operating firms are actively shifting to new revenue models, and business fundamentals remain “strong.” In a client report Monday, analyst Gautam Chhugani’s team acknowledged bearish sentiment has hit crypto-related stocks: Coinbase is down 21% in the past 30 days, Circle has fallen 37%, and Robinhood is off 12%. However, they noted most speculative bubbles are confined to the tail of trend-chasing projects, reiterating “no real-world scenario threatens the long-term viability of these projects.” Bernstein highlighted the stark gap between the industry’s operational performance and market valuations, noting business model innovation and regulatory tailwinds are showing strong resilience. The team believes the industry is entering a new phase, where firms are finally implem