Bitcoin sees massive 36,389% liquidation imbalance; BTC trading near $87K as analysts eye $100K in December

James Check called the recent move a “2-sigma long liquidation event” and said most leverage is gone but remaining pockets could be flushed, potentially driving BTC into the $70,000–$80,000 area. Bitcoin dropped roughly $24,000 in ten days to about $82,000 on Nov. 21. SignalPlus’s Augustine Fan suggested markets may have found a local bottom with an $82,000–$92,000 range and key support near $78,000. CryptoQuant’s Carmelo Alemán warned 1,000–10,000 BTC whales are still distributing, which could delay a confirmed trend reversal.
AI Analysis
Summary states this was a “2‑sigma long liquidation event,” notes BTC fell ~$24,000 to ~$82,000, analysts warn remaining leverage could be flushed into $70K–$80K, SignalPlus gives $82K–$92K range with support ~ $78K, and CryptoQuant reports 1,000–10,000 BTC whales still distributing.
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