Bitcoin has erased all gains recorded since Donald Trump’s U.S. presidential election victory in November 2024, marking a sharp reversal in market sentiment after months of sustained optimism. According to Wintermute, the selloff accelerates over the weekend as excess leverage unwinds and U.S.-based selling pressure dominates flows. BTC briefly falls below the $80,000 level for the first time since April 2025 and momentarily tags $60,000, its lowest price point in months. The move wipes out the entire post-election rally and leaves Bitcoin down roughly 50% over a four-month period, making it the steepest drawdown since 2022. The decline unfolds quickly
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