It’s Q4 of the year post Bitcoin bull run aka the peak of a bear market. There is no other reason, this is totally normal. People are panic selling Bitcoin. We are seeing if the bottom was already in at 57k or if we’re set to go lower. We’ve been here before and it’ll happen again in the future. Just stay strong and HODL.

Q4 in history of Bitcoin market is not too impressive especially in bearish years but the 2026 year is not too bad for Bitcoin. It's like a very early recovery of Bitcoin market, one year earlier than previous market cycles.

https://cryptorank.io/price/bitcoin/analytics

The best quarter is Q2 but Q4 is actually not too bad in both median and average, as it is a second best quarter.

When did the Christmas festive period affect the Bitcoin price? Surprised to hear it as  one of the factors that affect Bitcoin's price

Trump loss in the mid-term election is one of the causes though, but what I think is driving the Bitcoin price crash at this time is the Fed's interest rates. Traders expect the Fed to raise rates in December. And the traders are starting to dump their Bitcoin on time because of high inflation that started in October.

You can read about the meeting information and the target rate at the link provided: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool

I'm not surprised towards the market movement because I was expecting a drastic dip in this month after bitcoin price pumped to $80k because I'm using the experience of the last bear market to compare this one. Don't forget that FTX crashed in 2022 which took bitcoin price to $16k+. I believe that we are close to be end of the bear market but I don't know if we have seen the bottom or not. I don't expect bitcoin to dip below $57k+. However, it's time to buy the dip.

This aligns with the news as inflation in the United States was hotter than expected this week, raising expectations that the Fed might raise rates at its next meeting, which is in December and the dollar index hit a 19-month high. the small difference is that the liquidation number is also dependent on the source of the info, ive seen anything from ~$650M to over $1.3B in a day.

Small correction on MSCI as far as I know it has not happened yet and will happen after the close on nov 30, so selling pressure may be coming on top of us yet.

In the articles I've read, the main reasons are macro, ETF outflows and leveraged longs getting liquidated, not christmas or midterms.

There are many reasons, but the main reason for this dump could be that people are panicking over the possibility of Bitcoin making new lows before the end of 2026.

Many people expected Bitcoin to regain its bullish momentum in the second half of the year and push towards new highs.

Instead, they are now faced with the decision of whether to sell and protect themselves from further losses or hold on and hope the year ends on a positive note.

Other factors may also be contributing to the decline, but I don't think fundamentals have as much impact on Bitcoin's price as they used to.

These may be hypothetical explanations for the decline in Bitcoin prices because we have seen before that Bitcoin prices have declined due to various events but have subsequently recovered. Indeed the market has not seen an upward trend since the largest number of cryptocurrency exchange hacks this year, and currently appears to be in a downward trend.
You should note these things here why is Bitcoin falling in price?
In fact we can assume that Bets on a Fed rate hike are back, Strategy is losing ground in the MSCI Index, Bitcoin withdrawals from ETF are dampening demand, leveraged long positions are crashing the market, and arguably a Democratic Congress puts crypto's biggest bill at risk. Mainly because of these, the price of Bitcoin is dropping by a huge amount and right now the price of Bitcoin is around 66 thousand dollars.

Why Is Bitcoin Crashing? 5 Pressures That Pushed BTC Below $69,000 https://finance.yahoo.com/markets/crypto/articles/why-bitcoin-crashing-5-pressures-090429358.html

Doesn’t this thread fits better in the speculation board? Well that’s by the way

I don’t think the midterm elections victory of the democrats is the “biggest reason” Bitcoin is crashing right now though it might be part of the reason but it’s not the biggest reason.

If you follow the chart really well, you’d notice that the market has already reacted to the election results last week before dipping this much after this whole saga and the tech stock market crash, so the reason for this crash can’t be narrowed down to just one thing.

I believe that there are so many factors that causes this price dip, which I know many people are speculating and relating it to the US mid-term election, it is not the main factor I think, it can be among what caused panic among people since some believe that he is one of the reason the Bitcoin market price is high which is very wrong.

One thing is real, the market will bounce back with time, it can’t obey our expectations always but patience is very important because the price will come back to normal and go further once everything is resolved.
Don’t panic and sell unless if you have important need of money.