Bitcoin continues to struggle around the $90K level as the market battles intense selling pressure and widespread fear. Short-term sentiment remains fragile, with investors reacting to rapid price swings and mounting downside volatility. Yet, beneath the noise, key on-chain metrics are beginning to show signs that the correction may be nearing exhaustion. Related Reading: Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 According to analyst On-Chain Mind, Bitcoin’s Mean Reversion Oscillator has just printed its first green oversold bar in months, a signal that has historically aligned with late-stage retracements during bull markets. This oscillator measures how far price has deviated from its cyclical mean, helping identify when Bitcoin becomes overstretched to the downside. Each time this indicator dipped into its green oversold zone in previous cycles, Bitcoin was either forming a macro bottom or preparing for a significant rebound. The fact that this signal has appeared while BTC consolidates above $90K — despite severe profit-taking, forced liquidations, and structural fear — suggests that strong hands may be quietly absorbing supply. Historical Bottom Signals Align as Macro Tailwinds Strengthen On-Chain Mind explains that Bitcoin’s current Mean Reversion Oscillator reading aligns closely with historical patterns seen during bull market retracements. Each time the oscillator dipped into the green oversold zone while the 35 line held, Bitcoin formed a cyclical bottom before resuming its upward trajectory. This line has acted as a structural support level across multiple market cycles, and the fact that it is holding once again reinforces the idea that strong hands are stepping in as weaker participants capitulate. According to On-Chain Mind, when this indicator flashes green during an ongoing bull market, it often marks textbook accumulation territory — the kind of opportunity that appears only a few times per cycle. The current setup resembles previous late-stage pullbacks rather than the beginning of a prolonged bear trend. Adding to this outlook, NVIDIA’s blowout earnings delivered a major confidence boost to U.S. equities. With revenue and guidance far exceeding expectations, the results signal that AI-driven demand remains strong. In broader macro terms, such strength in tech leadership often spills over into higher-risk assets like crypto, improving liquidity and investor sentiment. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging Testing Support as Momentum Begins to Stabilize Bitcoin’s latest daily chart shows price attempting to stabilize after a sharp multi-week decline, with BTC currently trading near $92,000. This level is acting as a temporary support zone following the breakdown from the $100K area, where sellers aggressively dominated order books. The chart reveals a series of lower highs and lower lows — a classic short-term downtrend structure — but the recent candlesticks hint at reduced selling momentum compared to the peak pressure seen earlier in November. The 50-day and 100-day moving averages have both turned downward, reflecting weakening short-term trend strength, while the 200-day MA remains far below price, highlighting that the broader bullish cycle may not be invalidated yet. Importantly, the current candle structure shows smaller bodies and longer lower wicks, suggesting buyers are beginning to absorb sell-side liquidity around the $90K–$92K region. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume profiles also support this shift. While capitulation-like spikes occurred during the heaviest drop, trading activity has now normalized, indicating panic selling is cooling off. Historically, such deceleration after a steep leg down often precedes a relief bounce, even if volatility persists. Featured image from ChatGPT, chart from TradingView.com
The billionaire founder of hedge fund Bridgewater believes Bitcoin faces major hurdles before it can become a global reserve currency.
U.S. stocks are also giving up a major early advance, with the Nasdaq now ahead just 0.3%.
Crypto pundit Andrea has shared a 3-month scenario for Bitcoin that shows the flagship crypto could suffer a massive crash. This crash is expected to follow BTC’s rebound and an end-of-year rally to new highs. Pundit Projects Bitcoin Crash To $60,000 After Rebound To New Highs In an X post, Andrea shared an accompanying chart showing that Bitcoin could eventually crash to $60,000, with the crash expected sometime in mid-2026. However, before then, the crypto pundit predicted that BTC could still rally to new highs despite its recent crash below the psychological $100,000 level. Related Reading: Here’s Why The Bitcoin Price Keeps Crashing- Is $80,000 Next? Specifically, he revealed a potential three-month scenario for Bitcoin, stating that he expects an end-of-year rally to at least $115,000-$116,000. The crypto pundit added that if BTC can break that level, then it could push towards $135,000 and $140,000, which will mark new all-time highs (ATHs) for the flagship crypto. However, Andrea stated that the peculiarity of this pump will be with a dropping BTC dominance, with altcoins outperforming the flagship crypto. This analysis comes amid Bitcoin’s most recent crash below $90,000, which marked a seven-month low for BTC. Notably, veteran trader Peter Brandt has predicted that this decline could extend further, with the flagship crypto dropping to as low as $58,000. Brandt questioned whether Bitcoin’s sweeping reversal on November 11, followed by 8 days of lower highs and the completion of a massive broadening top, qualifies as a bear market. He added that the targets implied are $81,000 and $58,000. The veteran trader also remarked that those who claim they will be big buyers at $58,000 will be pukers by the time BTC reaches $60,000. BTC Suffers A Breakdown Of The Megaphone Pattern Crypto analyst Colin revealed that Bitcoin has broken down from the megaphone pattern. He noted that without a quick recovery in the next day or two, this would suggest that BTC is entering a bear market. He opined that this bear market may be less intense due to diminishing returns and diminishing losses each cycle. Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned The analyst reiterated that if the Bitcoin price can reclaim the 50-week moving average before the week is over, it could signal a bullish outlook for the flagship crypto. However, until then, he remarked that it is better to assume that a bear market or bigger correction is the most likely scenario. Colin also raised the possibility of BTC following the ISM (business cycle) higher in a big move next year, after this corrective period. If that happens, then the bear market may be short-lived. At the time of writing, the Bitcoin price is trading at around $93,000, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com
The September jobs report typically would have been published in the first week of October, but was delayed till now due to the government shutdown.
MARS and MERCURY preferred shares define a two tier equity stack as Metaplanet raises new capital.
Bitcoin’s sell-off this week has reignited the question of whether the market has already printed a local bottom. Chris Kuiper, CFA, VP of Research at Fidelity Digital Assets, argues that several on-chain and sentiment gauges now resemble prior bull-market corrections, while stressing that nothing is certain. “I as well as anyone never knows for sure,” Kuiper wrote on X, “but one chart I do like to use to help gauge the probabilities is the short-term holder MVRV chart along with their cost basis.” Is The Bitcoin Bottom In? The Glassnode chart he shared tracks Bitcoin against the realized price of short-term holders (STHs) and their MVRV ratio – a measure of whether this cohort is in aggregate profit or loss. In previous uptrends, local lows have often occurred when STH MVRV dipped below 1, briefly putting recent buyers underwater before price recovered. Kuiper notes that the current drawdown has pushed STHs back into loss territory in a way that looks similar to earlier mid-cycle pullbacks. “If this indeed is a regular 20–30% drawdown within the current bull market, then the MVRV ratio is showing a similar valley as before, testing the mettle of short-term holders before resetting to move higher,” he wrote. Related Reading: Will Bitcoin Bottom At $56,000? CryptoQuant CEO Presents The Data His second reference point is the Bitcoin Fear & Greed Index, which has swung from sustained “greed” and “extreme greed” back into “fear,” with episodes of “extreme fear.” According to Kuiper, the index “tends to hit extreme levels at these local tops and bottoms,” suggesting sentiment has reset after the recent euphoria. Currently, the index sits at 11. “This is not a prediction,” he cautioned, “but given the lack of negative fundamental news or changes (and in fact the opposite lately), this data tips my assessed probabilities in favor of this being a regular and healthy drawdown.” Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why Other analysts are more cautious. Bitwise senior research associate Max Shannon flagged “further possible downside re. correlation to equity markets, lower Dec rate cut prob., LTH continue selling in BTCs ‘IPO moment’.” Still, he added that “risk-return profiles [are] improving at these levels imo. Things are stretched and lots of contrarian indicators flashing green.” Crypto investor Richard Haas pointed to a deviation from earlier bull-market corrections, warning that “prior bull corrections never closed more than 10% below the 200ma cloud, and never let the 50dma curl down.” For now, Kuiper’s view is that on-chain stress among short-term holders and a sharp sentiment reset are consistent with a typical bull-market shakeout. Whether that marks a durable bottom or only a pause in further downside remains unresolved – and, as he emphasizes, ultimately comes down to probabilities, not certainties. At press time, BTC traded at $92,019. Featured image created with DALL.E, chart from TradingView.com
Sentiment around Bitcoin has suffered a major hit in recent weeks after the price fell below $100,000. This has led to a series of bearish predictions for the cryptocurrency, as many analysts and investors alike believe that the crash is far from over. One analyst, who goes by Mr. Wall Street on the X (formerly Twitter) platform, has predicted a step decline, revealing how low the Bitcoin price will go and when the crash should be expected to be over. Bitcoin Headed below $60,000? In the post, Mr. Wall Street expressed that the Bitcoin price has already hit its cycle top, and as such, there is nowhere else to go but down. The chart points to possible price reversals for the cryptocurrency, but ultimately, all of these are expected to be short-lived and precede further crashes. Related Reading: Wondering Why The XRP Price Is Still Lagging Despite Record ETF Launch? Read This As the Bitcoin price struggles to reclaim $100,000, the crypto analyst warns that it is more likely to crash further, highlighting the $74,000-$82,000 level as the next major point of interest. This would mean that Bitcoin could see a more than 10% drop in price from this level. However, the analyst doesn’t stop there ,as it seems the Bitcoin price is headed into another stretch of bear market. The year is already rapidly coming to an end, and the crypto analyst expects the year 2026 to be even more bearish. By next year, Mr. Wall Street believes that the Bitcoin price could fall below $60,000, reaching as low as $54,000. The timeframe for this is set in the last quarter of 2026, but this would also mark the bottom. Given this, the analyst believes that the $54,000-$60,000 will be the best time to get into the asset to position for the next wave of upward movements. Head And Shoulders Pattern Supports Decline The bearish sentiment is echoed by others such as Leshka.eth, whose recent analysis also points to a possible drop in price. The analyst shows that Bitcoin completed a head and shoulders pattern, with the neckline firmly in place. Given this, the price has entered into a state of reset, and this reset is far from over. Related Reading: Forget XRP, DFDV Exec Predicts Solana Price Is Headed For $10,000 Interestingly, Leshka.eth also posits that the Bitcoin price will crash by over 40% from its all-time high prices. This was highlighted in an earlier post that predicts that BTC is headed for as low as $40,000. The timeline also suggests that this will happen sometime in 2026, before a bottom is established. Featured image from Dall.E, chart from TradingView.com
Cardano (ADA) founder Charles Hoskinson previously projected that the Bitcoin price could reach an impressive price of $250,000 as early as this year. This bold forecast, made in April, came at a time when Bitcoin was trading at $77,000 after achieving a record high of $109,000 in January. Hoskinson’s Optimistic Bitcoin Price Forecast Hoskinson’s optimism was based on his belief that international negotiations, particularly between the US and China, would favor Bitcoin’s growth. The Cardano founder suggested that easing tariffs would lead to a positive market reaction and bolster adoption, particularly with the anticipated passage of the GENIUS Act, which was signed into law by President Trump a few months later. Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why However, the current market realities have raised doubts about Hoskinson’s prediction. Since then, Bitcoin has experienced significant fluctuations, briefly regaining momentum to reach $126,000 mid-October, only to see the broader crypto market subsequently shed over $1 trillion in total market cap. This downturn has largely been attributed to persistent selling pressure by concerned investors, and substantial outflows from the Bitcoin exchange-traded fund (ETF) sector, with nearly $2 billion sold over since October. As it stands, Bitcoin is trading at approximately $89,300, marking a nearly 30% decline from its recently achieved all-time highs. In light of this, Jacob King, CEO of Swandesk, publicly dismissed Hoskinson’s $250,000 price target, characterizing it as unrealistic. Is Bitcoin In A New Bear Market Cycle? In a post on social media platform X (formerly Twitter), King stated that such lofty price predictions are “pulled out of thin air” and reflect a market still grappling with “delusions.” King elaborated on his viewpoint, suggesting that the industry is in the early stages of a new bear market cycle. He is not alone in this assessment. Market expert Lark Davis recently noted that, based on the classic four-year Bitcoin price cycle, the cryptocurrency has officially entered bear market territory. Davis commented that this scenario leaves two possibilities: either the established four-year cycle is no longer relevant, or the market has indeed shifted into a bearish phase. Given the current macroeconomic backdrop, he leans toward the latter interpretation. Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel Additionally, others in the market have echoed these bearish sentiments. An analyst known as Mr. Wall Street has recently speculated that the Bitcoin price peaked at $126,000. The analyst believes that this may mark the zenith for this cycle, predicting that the Bitcoin price could next face significant downward pressure, potentially slipping to a range between $74,000 and $82,000. He further forecasts a possible decline to levels between $54,000 and $60,000 by the fourth quarter of 2026. Featured image from DALL-E, chart from TradingView.com
Nearly two years after the inception of the Bitcoin ETF sector in the United States, these funds are currently grappling with significant challenges, exacerbated by mounting concerns regarding a potential bear market in the coming months. This turmoil is exemplified by the BlackRock iShares Bitcoin Trust ETF (IBIT), which experienced its largest single-day withdrawal since launch, further contributing to the decline in Bitcoin’s price. Profit-Taking And Caution The recent outflows from BlackRock’s Bitcoin ETF highlight the severity of the current selloff within the Bitcoin market, which has experienced a substantial correction below the crucial $100,000 mark following a record high reached in October. Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel This downturn emphasizes the widespread pullback affecting various risk assets, while gold has notably remained resilient. Some analysts suggest that these developments indicate a trend of investors shifting their exposure from Bitcoin to gold. “The crypto market entered a hangover in August,” said Thomas Perfumo, Global Economist at Kraken, in a recent interview with Reuters, noting that much of the earlier demand for Bitcoin had been fueled by borrowed funds. He added, “Momentum seemingly peaked during the summer. But the truth is this hangover trend started months ago.” Analysts have also pointed to profit-taking behaviors among long-term holders and increasing caution among Bitcoin ETF funds and digital asset treasury (DAT) firms, which had previously ramped up their acquisitions throughout the year. Brian Vieten, a research analyst at Siebert Financial, stated that Bitcoin treasury companies had collectively purchased nearly $50 billion worth of Bitcoin over the past year. Recently, however, many of these firms have begun trading at a discount to their net asset value, which could dampen market expectations for new Bitcoin purchases in the near term. Bitcoin ETF Inflows Plummet This shift occurs amid rising concerns among heavyweight investors regarding inflated valuations across various asset classes. José Torres, a senior economist at Interactive Brokers, noted that “an ongoing lack of speculative spirits is weighing on Bitcoin.” Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why Despite managing over $73 billion in assets, IBIT has seen a decline of 19% in the current quarter. Data from SoSoValue indicates that spot Bitcoin ETF funds collectively have recorded $2.59 billion in outflows this month alone. Leading the pack is BlackRock’s Bitcoin ETF, which has experienced $1.78 billion in outflows in November alone. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second, with nearly $540 million in outflows. The turbulence isn’t limited to Bitcoin; the Ethereum exchange-traded fund sector also faced outflows, totaling approximately $74.2 million yesterday, with BlackRock selling off $165.1 million. On a more positive note, Solana spot ETFs reported net inflows of $30.09 million on Tuesday, primarily driven by Bitwise’s BSOL. This marks a major streak of 15 consecutive days of inflows for Solana. Featured image from DALL-E, chart from TradingView.com
The discourse around the next wave of Bitcoin adoption won’t be fueled by ideology or belief, but will be driven by pure economic advantage. As the global financial system moves toward higher costs, weaker currencies, and increasing inefficiencies, BTC is emerging as the most compelling alternative because it works more effectively. Economic Pressure Points That Will Accelerate Bitcoin Uptake In the rapidly evolving landscape of digital finance, the narrative surrounding Bitcoin’s future has often been intertwined with fervent ideological conviction. A media company, known as TFTC on X, has highlighted why BTC adoption won’t be driven by ideology, but rather by economics. Related Reading: Bitcoin Now Accepted By 4 Million Businesses, Thanks To Jack Dorsey Every merchant today is focused on handing over 2–3% of every transaction to payment processors and lives under the constant threat of chargebacks. Especially for small businesses, those costs and risks compound fast. However, BTC eliminates all of it with no processing fees, no chargebacks, just instant, final settlement straight into the merchant’s wallet. As Miles, a crypto enthusiast, consistently pointed out, the economic incentives are so overwhelmingly strong that adoption becomes inevitable. Merchants save thousands on fees, and they can pass those savings back to their customers through instant cashback rewards for using BTC. This dynamic creates a self-reinforcing flywheel effect, allowing Merchants to lower their operational costs and increase their profit margins. At the same time, consumers would get tangible rewards and better value for their money by simply using BTC. Both sides will benefit immensely, while the BTC network will grow stronger. When the underlying math is this incredibly favorable, adoption is no longer a philosophical stance, but it’s an economic certainty. The Path To Reclaiming Bullish Momentum While the economic incentives will be responsible for Bitcoin’s next rally, analyst Rekt Capital has revealed a historical demand area, marked in orange, which has played a pivotal role in dictating BTC’s next major trend. The first time price tapped this zone, it produced a sharp +20% rebound before breaking down. After this breakdown, the BTC price moved to lower levels to absorb the remaining buy-side liquidity. Related Reading: Bitcoin In Bullish Confluence: Death Cross And Key Support Signal Upside Once BTC reclaimed the orange region as support, it triggered a +37% rally to new all-time highs. On the second retest, this same support zone showed signs of strength. Currently, BTC is finding support at this same historical demand area. What would happen next will be critical in determining whether this demand area will continue to strengthen or if signs of weakening will finally emerge. Furthermore, BTC will need to break the multi-week downtrend, marked in black on the chart, to relieve fear of fading support. A rebound from this demand area that fails to break the multi-week downtrend would only result in a yield of +10% move, which suggests that the support zone may be weakening. Featured image from Getty Images, chart from Tradingview.com
Bitcoin is trading at critical price levels as the market enters one of its most tense and uncertain stages of the year. The crypto market is showing clear signs of stress, and new data from CryptoQuant confirms that Bitcoin is now moving into one of the most severe short-term capitulation phases of this cycle. According to the latest on-chain metrics, short-term holders (STHs) are realizing losses at a scale typically seen only near major market turning points. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price The key indicator driving this analysis is STH-SOPR, which has plunged to deeply depressed readings around 0.97. This means STHs are selling coins at a clear loss, often driven by fear rather than strategy. Even more importantly, this metric has spent several consecutive weeks below the critical 1.0 threshold, forming what analysts refer to as a structural “capitulation band.” Historically, whenever STH-SOPR remained under 1.0 for extended periods, it signaled heavy emotional selling—typically from the most reactive and least informed market participants. These episodes have repeatedly aligned with late-stage corrections, market reversals, and shifts in long-term holder dominance. With Bitcoin now sitting at a crucial technical and psychological zone, the next phase could determine whether this becomes a deeper bear trend or a major reset before recovery. Short-Term Holders Under Extreme Stress as Capitulation Deepens According to XWIN Research on CryptoQuant, the current selloff is being amplified by the behavior of short-term holders, with the STH-MVRV ratio now sitting far below 1.0. This indicates that nearly all recent buyers are holding Bitcoin at a loss, placing short-term profitability in one of the weakest conditions in the entire dataset. Historically, these deep unrealized-loss phases are extremely rare and tend to compress selling pressure quickly, as weak hands eventually run out of coins to sell. This pattern is clearly visible in real market flows. A striking 65,200 BTC were recently sent to exchanges at a loss, showing that fear is not an abstract sentiment but is materializing in real, loss-driven capitulation. This kind of behavior aligns with classical capitulation structures: unrealized losses surge, panic selling intensifies, and eventually selling pressure becomes unsustainable. Once that happens, stronger hands begin absorbing supply quietly in the background. While this setup doesn’t guarantee an immediate rebound, the broader structure is shifting toward conditions that have historically preceded cyclical recoveries. STH losses remain at extreme levels, STH-SOPR is still below 1.0, and the pressure fueling exchange inflows is rooted in panic rather than fundamentals. Volatility is likely to persist, but the ongoing cleansing of weak hands is a process often seen near the end of major corrections — not at the start. Related Reading: Galaxy Digital Dumps 2,800 BTC as Bitcoin Crashes Below $90K Testing Weekly Support as Momentum Weakens Bitcoin’s weekly chart shows the market approaching a critical turning point as price trades just above $91,000 following a sharp multi-week decline. The recent breakdown from the $110,000–$105,000 range has confirmed a loss of bullish momentum, with sellers gaining control and pushing BTC toward its next major weekly support cluster near the 50-week moving average around $88,000–$90,000. This zone has historically acted as a key pivot level, often signaling whether a corrective phase deepens or stabilizes. Volume adds important context. The past several weekly candles show rising sell-side activity, reflecting panic-driven exits rather than orderly distribution. However, this surge in volume also indicates that the market may be approaching a capitulation threshold, where forced selling begins to exhaust itself — a setup often seen before stronger hands step in. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis Structurally, Bitcoin is still trading above the 100-week and 200-week moving averages, both of which continue to trend upward. This suggests the aggressive downside move has not yet broken the broader macrotrend. But the loss of mid-term support levels and the sustained downward pressure highlight a market struggling to find confidence. Featured image from ChatGPT, chart from TradingView.com
Bitcoin is now holding ground around the $90K level as the market transitions into a new and uncertain phase. Sentiment is sharply divided: some analysts argue that the breakdown below $100K marks the beginning of a new bear market, while others believe Bitcoin is setting the stage to break its traditional four-year cycle and rally harder than ever in the months ahead. This tension reflects a market struggling to price in fear, macro pressure, and structural shifts in liquidity. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price According to new data shared by top analyst Darkfost, more than 6.96 million BTC accumulated by investors are now sitting at an unrealized loss. This marks the highest level of unrealized loss since January 2024, even though the current correction has not yet surpassed the steepest drawdown seen earlier in the cycle. The implication is clear: a massive portion of supply was accumulated near Bitcoin’s previous all-time highs, making recent selling pressure especially emotional and reactive. Despite this, Bitcoin continues to defend the $90K region — a sign that demand is absorbing extreme stress. Whether this marks the early stage of a bear market or the final flush before a major rebound remains the central question dominating the market. Rising Unrealized Losses Signal a Classic “Change of Hands” Phase Darkfost explains that the spike in unrealized losses reflects a simple but critical reality: a massive amount of Bitcoin was accumulated near the previous all-time highs, meaning many recent buyers are now underwater. This is especially true for short-term holders (STHs), who tend to react quickly to volatility. Their elevated cost basis — clustered near cycle tops — makes them more vulnerable to panic selling, which is exactly what the market is witnessing as BTC hovers near $90K. This phenomenon helps explain the intense selling pressure seen in recent days. STHs, driven by fear and deteriorating sentiment, have been sending coins to exchanges at a loss, amplifying short-term volatility. But Darkfost notes an important historical pattern: during bullish market structures, rising unrealized losses have consistently produced strong buying opportunities. Related Reading: Galaxy Digital Dumps 2,800 BTC as Bitcoin Crashes Below $90K These phases often mark the transition where weak hands capitulate and long-term, conviction-driven buyers absorb supply. This is the defining moment of the “change of hands” narrative — where Bitcoin shifts from emotionally driven participants to strategic holders who shape the next major move. BTC Price Analysis: Testing Major Support as Momentum Weakens Bitcoin continues to trade under heavy pressure, holding just above the critical $90K region after a sharp multi-week decline. The 3-day chart shows a decisive break below the 50-day and 100-day moving averages, signaling a loss of short- and medium-term momentum. Price is now sitting directly on the 200-day moving average — a level that historically acts as the final line of defense during deep corrections in bullish cycles. The recent candles show long lower wicks, suggesting buyers are attempting to defend this zone, but the rebound strength remains limited. Volume has increased on downside moves, confirming that sellers are driving the current structure. This pattern resembles previous late-cycle shakeouts, where high volatility clusters near major moving averages precede a trend reset or further breakdown. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis Structurally, BTC is forming lower highs and lower lows on this timeframe — a clear sign of short-term bearish conditions. A sustained break below the 200-day MA could accelerate downside momentum and expose lower liquidity pockets around $85K–$88K. However, if bulls manage to stabilize the price above $90K and reclaim the 100-day MA in the coming sessions, it could signal seller exhaustion. Right now, Bitcoin sits at a pivotal crossroads, with market sentiment fragile and direction dependent on how this support zone holds. Featured image from ChatGPT, chart from TradingView.com
The New Hampshire Business Finance Authority took the opening steps toward shepherding a potential $100 million private-sector bitcoin bond.
Bitcoin has spent the past several weeks trapped in a persistent decline, wiping hundreds of billions of dollars from its market value and reversing nearly a year’s worth of gains. The pullback has pushed the price far below its October all-time high of $126,000 and has dragged sentiment with it as traders search for answers. A detailed breakdown shared by crypto analyst Tracy Shuchart offers the clearest picture yet of why this downturn has been so aggressive. Her analysis points to a failure not driven by a single factor but by several interconnected forces that broke simultaneously and created the conditions for a cascading crash. This presents the possibility of Bitcoin extending its crash to as low as $80,000. Breakdown Of The Macro Story That Sent Bitcoin To $126,000 According to Tracy Shuchart, Bitcoin’s climb from $40,000 to $126,000 was powered based on one dominant theory: a Federal Reserve easing cycle combined with a wave of institutional participation through spot ETFs. Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned Traders priced in a supportive macro backdrop where rate cuts were all but guaranteed, liquidity would expand, and institutions would steadily absorb supply. However, once the Federal Reserve reversed course, the foundation of that theory collapsed. Expectations for December rate cuts fell from 90% to 40%. Real yields on short-term Treasuries stayed elevated above 5%, and the strong-dollar environment returned. With the macro assumption gone, Bitcoin’s valuation near all-time highs became difficult to justify. Institutions that had accumulated through Spot ETFs quickly reduced exposure, producing more than $1.1 billion in outflows within days. This wasn’t panic selling but a systematic rebalancing by portfolio managers who no longer believed the macro thesis. This change in macro expectations effectively removed the first layer of support that had been holding Bitcoin above six-figure levels. The second layer of the decline came from the behavior of long-term holders. Wallets that accumulated bitcoin between $40,000 and $80,000 began distributing aggressively once volatility returned. They offloaded roughly 815,000 Bitcoin in thirty days, locking in substantial profits. Is $80,000 Next For Bitcoin? Shuchart’s argument is based on the notion that the ongoing decline persists because the market has now reached a point where natural buyers have vanished. Institutions are rebalancing away from risk, long-term holders are waiting for deeper discounts, and retail traders have retreated. Until there’s new demand, Bitcoin’s price will continue drifting lower. Related Reading: Bitcoin Price Just Flashed A Death Cross, But It’s Not What You Think “Now the market is repricing based on reality: high real yields, no Fed easing, strong dollar environment,” the analyst said. For a bottom to form, three conditions must be met. Leverage must be completely flushed out of the system, long-term holders need to stop selling and begin accumulating again, and real capital must find the price attractive enough. As it stands, Bitcoin is still trading above the $90,000 price level. However, recent price action saw it briefly slip below that threshold on November 18, touching lows near $89,000 before recovering. That move shows that the downtrend is already probing for lower support in the $80,000 zone. At the time of writing, Bitcoin is trading at $91,080. Featured image from Pixabay, chart from Tradingview.com
After a rare spot of outperformance on Tuesday, bitcoin has resumed sliding, with one analyst eyeing $84,000–$86,000 as potential local bottom.
CryptoQuant CEO Ki Young Ju has put a clear reference level on the current Bitcoin correction – but is adamant it should not be mistaken for a prediction. “Many people seem to be misunderstanding this, so let me clarify,” he wrote. “I am not saying $56K is the bottom. I am saying the realized price is 56K. If you follow the cycle theory, that level would be the bottom. But I think the cycle theory is broken, and the price could flip at any time depending on macro conditions and market sentiment.” Bitcoin Realized Price Sits at $56,000 His latest data briefing breaks the market into three layers: futures, spot, and on-chain. In the futures market, Ju says the average order size shows that futures whales have left and retail now dominates. Internal flow profile (IFP) data indicates BTC inflows from spot to futures exchanges have collapsed, ending the phase when large players were posting BTC as collateral to go long. Related Reading: Why Is Bitcoin Price Crashing? Arthur Hayes Isn’t Surprised At the same time, the Estimated Leverage Ratio remains high, and Binance deposit cost basis sits around $57,000, which “means traders already captured large gains from ETF and institutional flows.” Open interest is still above last year’s levels, while the aggregated funding rate is neutral, not fearful, suggesting leverage remains elevated but without a classic capitulation reset. Spot data points to fading institutional aggression. Ju notes the Coinbase Premium is at a nine-month low, which he attributes to ETF-driven institutional selling. Spot Bitcoin ETFs have seen net negative weekly flows for three straight weeks, and Strategy mNAV at 1.23 implies that “near-term capital raising seems difficult,” as many structured strategies are already sitting on substantial gains. On-chain metrics provide the context for the much-discussed $56,000 level. Ju observes that realized cap growth has stalled for three days, while market cap is growing more slowly than realized cap, a configuration he interprets as strong selling pressure as profitable coins move. CryptoQuant’s PnL Index flipped short on November 8, which Ju summarizes as whales taking profit. “If the cycle theory holds, the cycle bottom would be around $56K (realized price),” he says – and immediately distances himself from treating that as a hard rule in a structurally changing market. CryptoQuant CEO Rejects Classic Cycle Bottom Theory In a separate prediction segment, Ju turns to macro conditions. “Short-term conditions are weak: dollar liquidity is slow, funding markets are tight, and Bitcoin inflows have cooled,” he writes. However, he adds, “I do not expect Bitcoin inflows to stop or turn into sustained outflows over the next six months.” Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? In his view, a shift in the policy narrative could rapidly invert sentiment: “If rate cuts or any easy-money narrative appears, sentiment could flip and liquidity would rush back into ETFs.” Ju also sketches a longer-term structural thesis. He argues that stablecoin adoption and a wave of reverse ICOs by public companies could push traditional assets onto DEXs, enabling on-chain long and short trading in names like Tesla. In that world, on-chain analysis could evolve into labeling wallets like “Elon Musk’s ETH address to track Tesla coin onchain inflows and outflows.” He believes Bitcoin would benefit the most, while altcoins with weak narratives or no real performance would likely lose liquidity as capital concentrates in assets with clear utility or narrative strength. “I gave up predicting Bitcoin price,” Ju reminds followers, “but I haven’t given up analyzing data.” His $56,000 reference is best understood in that spirit: a data-driven anchor derived from realized price and cycle theory, not a promise that this drawdown will end neatly at that line. At press time, BTC traded at $91,659. Featured image created with DALL.E, chart from TradingView.com
Investors navigate AI driven volatility, rate cut uncertainty and critical economic data releases.
Donald Trump has pushed the Federal Reserve back into the center of the crypto macro narrative, telling reporters he “already” knows who should succeed Jerome Powell and triggering a sharp repricing in real-money prediction markets in favor of Kevin Hassett. In remarks in the Oval Office, Trump said: “I think I already know my choice,” when asked about the next Fed chair. He added that he would “love to get the guy currently in there out right now, but people are holding me back,” a clear swipe at Powell without naming him. Trump also hinted at the shape of his shortlist, saying, “We have some surprising names and we have some standard names that everybody’s talking about. And we may go the standard way. It’s nice to every once in a while go politically correct.” That was enough to move markets. On Polymarket and Kalshi, contracts on “Who will Trump nominate as Fed Chair?” quickly converged around Hassett, with odds in the mid-40s to high-40s percent range. Jim Bianco summarized the shift by writing: “He wants Bessent but will take Hassett. The rest get to take selfies in the Oval Office.” In a follow-up, he noted that “Hassett (blue) is separating himself from the pack and is on the verge of being the first person to trade over 50%,” as prediction markets pushed his contract well clear of rivals. Kalshi’s own social media account underscored the move: “BREAKING: Trump thinks he ‘already knows’ who will be next Fed Chair. 47% chance it’s Kevin Hassett.” The pseudonymous trader Byzantine General zoomed out to the timeline, pointing out that “Powell’s term ends May next year,” and sketching out a Q2 scenario with “a FED chair that listens to Trump” and “tariff dividends for plebs,” before cautioning that “you never know with Trump of course, but man, there could be something cooking.” Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash What Hassett Could Mean For The Crypto Market For macro-oriented crypto traders, the key is the policy signal embedded in those probabilities. Hassett is widely perceived as more dovish than Powell and more aligned with Trump’s preference for easier financial conditions. That is why trader CRG (@MacroCRG), framed the moment as the arrival of a “New hand picked super dove as Fed chair coming soon.” Macro and crypto analyst Alex Krüger went further, arguing that the Fed-chair race is the real medium-term driver for risk assets once the current FOMC noise fades. “Here’s the next macro catalyst after the FOMC. A bullish catalyst the market is paying no heed to atm. It’s hard to peer into the horizon when stressed to the marrow about the present,” he wrote, adding that “the most bullish choices would be Hassett (likely), Rieder (possibly) and Zervos (unlikely).” Related Reading: Crypto Carnage Continues — Tom Lee Exposes What’s Really Going On The reason crypto traders care is straightforward: crypto assets trade as high-beta, liquidity-sensitive risk assets. A chair seen as more willing to cut rates faster, tolerate easier financial conditions or respond aggressively to equity and growth weakness is, in market logic, a structural tailwind for the long-run liquidity environment that underpins speculative flows into bitcoin and other cryptocurrencies. At the same time, Trump’s open pressure on Powell and his readiness to talk about replacing the Fed chair in overtly political terms reinforce another strand of the crypto thesis. The more investors worry about the politicization of US monetary policy and the erosion of central-bank independence, the more compelling the “Bitcoin as hedge against political and institutional risk” narrative becomes for a subset of allocators. For now, nothing has changed at the Fed. Powell remains in office, and all that has moved is a set of probability distributions on prediction markets. But as those distributions shift toward Kevin Hassett, crypto traders are already treating the prospective hand-off as a latent, potentially significant bullish tailwind building in the background. At press time, the total crypto market cap was at $3.11 trillion. Featured image created with DALL.E, chart from TradingView.com
The average spot bitcoin ETF buyer sits near a $90,000 cost basis, leaving most investors roughly flat.
With the Bitcoin price struggling recently, the expectations are that the crypto market is headed into another bear run. This is characterized by Bitcoin losing $100,000 after over four months, and has not been able to reclaim this major level. Meanwhile, sell-offs among whales have continued, putting billions of dollars worth of selling pressure on the cryptocurrency. As such, the probability that Bitcoin is going into a bear market has shot up considerably during this time. Analyst Warns Of Imminent Bitcoin Bear Market Crypto analyst Titan of Crypto has taken to the X (formerly Twitter) platform to share a warning with the broader crypto community. This warning was that the digital asset was more likely in a bear market compared to a bull market, giving an 80% score in favor of a bear market and only 20% in favor of a bull market. Related Reading: The ‘Insanely Bullish’ Dogecoin Setup That Will Trigger A 600% Rally To $1 This comes as there seems to be an erosion of the 4-year cycle that has characterized Bitcoin and the crypto market since its inception. The cycle expectations have deviated completely, especially as there has been no significant run for altcoins. Speaking on this cycle theory, the crypto analyst urges investors to look at the market with more nuance. This includes not following the market with blind optimism, but rather actually looking at the market for what it is and where it could be headed. The post shows the Bitcoin RSI and how it has looked before Bitcoin went into previous bear markets. Currently, there seems to be some similarity, but the crypto analyst believes that the direction will be determined next week. Titan of Crypto says that if the next week closes by November 24 looks the same, then it means that the bear market is here. Bear Market Indicators Triggered? In contrast to Titan’s stance, the Bull Market Peak Indicators tracked by the Coinglass website continue to show that the Bitcoin top is not in. This tracker consists of 30 indicators in total, showing if the Bitcoin top has been cracked in relation to historical performance, and none of them have been triggered. Related Reading: Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go? At the time of writing, the process bar sits just above 46% out of 100%, suggesting that it is not even halfway there to hitting the top. Thus, the indicators point toward a time to hold rather than sell, as the Bitcoin top has not been reached. The Crypto Fear & Greed Index has also fallen to an Extreme Fear score of 10, which is the lowest the index has been since March 2025. Interestingly, when the index is in the red is usually when the market sees a possible reversal. However, it remains to be seen how buyers will respond to the market from here. Featured image from Dall.E, chart from TradingView.com
The price of bitcoin has dropped over 25% to $91,000 since Oct. 8.
On-chain data shows Bitcoin short-term holders have transferred a large amount of BTC at a loss to exchanges, a sign of another capitulation wave on the network. Bitcoin Short-Term Holders Are Depositing To Exchanges At Loss As explained by CryptoQuant community analyst Maartunn in a new post on X, short-term holders (STHs) have just made another wave of underwater exchange deposits. Related Reading: XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics Firm The STHs refer to the investors who purchased their Bitcoin during the past 155 days. This cohort is generally considered to include the weak hands of the market, who easily sell at the sight of market volatility. Recently, the market has been witnessing a bearish shift, which is exactly the type of event that STHs would be expected to react to. There are several ways to track the moves being made by these investors, with one such being the data of their exchange inflow transactions. Usually, the STHs transfer their coins to centralized exchanges when they are looking to sell, so a spike in exchange deposits from the group can be a sign of a selloff. During downtrends, loss selling is the most common type of distribution from the STHs due to the fact that their cost basis is at recent prices, which tend to be higher in bearish phases. Now, here is the chart shared by Maartunn that shows the trend in the 24-hour loss exchange inflows made by the STHs over the past month: As displayed in the above graph, the Bitcoin STHs made a large amount of loss deposits to exchanges when the cryptocurrency’s price crashed to $94,000 last week. The same appears to have followed during the latest downward move in the asset. In total, STHs have sent 65,200 underwater tokens to the exchanges over the last 24 hours. At the current exchange rate, this amount is worth a whopping $6.08 billion. This new wave of capitulation wave in the STHs came as BTC dropped toward $89,000. Interestingly, what has followed this FUD from the STHs has so far been a rebound for the asset. On-chain analytics firm Glassnode has also shared data related to the STH capitulation in a new X post. Glassnode’s chart is for the amount of loss that the STHs as a whole are realizing through their transactions across the network. The 7-day exponential moving average (EMA) value of this metric is currently sitting at $427 million, which is the highest that it has been since November 2022, when the last bear market bottomed out. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? “Panic selling is elevated & clearly rising, now exceeding the loss levels seen at the last two major lows of this cycle,” noted the analytics firm. BTC Price Bitcoin witnessed a bounce back to $92,800 during the past day. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com
On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours. However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC. Analysts from the Bull Theory have provided insights into why altcoins are holding strong during this period. Bitcoin Dominance Falls In a recent social media post on social media site X (previously Twitter), the analysts asserted that the recent decline in BTC’s value was not characterized by typical selling pressure; instead, it is seen as a result of structured institutional selling. This was reflected in negative flows from Coinbase and the manner in which the candlestick patterns formed. Following this structured selling, panic selling ensued as traders who were already facing losses began to exit their positions hastily. Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? This panic selling led to rapid declines in BTC’s price; however, altcoins, having already approached a state of seller exhaustion, did not experience significant drops. In previous scenarios where BTC has faced downturns, its dominance in the market typically surges as traders flock to Bitcoin for safety. Yet, the current situation is different. Bitcoin’s dominance remains below the 50-week Exponential Moving Average (EMA), and the market has recently seen a series of red candles. Such a decline in dominance while BTC is in a downward spiral is unusual, suggesting that altcoins are not being entirely abandoned by traders. Ethereum (ETH) has lost its 50-week EMA but is making attempts to reclaim it. Throughout this month, BTC and ETH have experienced nearly identical declines, yet ETH has shown quicker recovery patterns. The analysts highlighted that during previous cycles, whenever Ethereum holds its ground better than Bitcoin during similar downturns, altcoins tend to demonstrate strength as well. Altcoins Show Strength Amid BTC’s Decline The Bull Theory analysts also noted that many altcoin pairs against BTC have rebounded to levels seen before the significant crash that occurred on October 10th, with some even trading above those thresholds. This, according to their analysis, indicates a few key points: altcoins are outperforming BTC, the current pressure feels isolated rather than widespread, and the sell-off lacks broader implications across the market. Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash The Analysts suggest that this combination of factors is one of the strongest signals of a market bottom. When BTC is experiencing a downturn, dominance is declining, and alt/BTC pairs are on the rise, it often points to a capitulation phase for altcoins. As of this writing, Bitcoin has recovered above the $93,000 mark. However, the leading cryptocurrency has erased all of its year-to-date gains, while extending the gap to record levels by 26%. Featured image from DALL-E, chart from TradingView.com
Bitcoin has slipped into a critical danger zone as support levels continue to give way, putting the market on edge. Amid this decisive breakdown, the RSI is quietly flashing a bullish divergence, a subtle but meaningful early signal that momentum may be preparing to shift. The charts now paint a tense picture: bearish pressure remains dominant, but the first signs of a potential turnaround have appeared. Support Levels Crumble As Bitcoin Extends Its Downtrend According to an update shared by Crypto Candy on X, Bitcoin continues to break through support levels with little hesitation. The price held the $93,000–$95,000 zone for a brief period, but eventually failed to maintain that structure, triggering another move to the downside. The speed of each breakdown highlights how fragile market sentiment currently is. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? With the most recent support now lost, Bitcoin has slipped to lower levels and remains under bearish pressure. If this momentum persists, Crypto Candy noted that the next area of interest lies between $86,000 and $87,500, a major support where buyers may attempt to slow or halt the decline. Should Bitcoin manage to hold within this $86,000–$87,500 range, a short-term reversal becomes possible. Even a modest bounce could provide temporary relief to the broader downtrend. However, such a reaction would still require confirmation before hinting at any sustainable shift in momentum. If that support fails to hold, Crypto Candy warns that the market could face another steep drop. A continued breakdown would reinforce the ongoing bearish narrative, opening the door for what he described as a “waterfall” scenario. Bullish Divergence Emerges On The 4H Chart Crypto analyst Chad recently noted in an X post that Bitcoin is showing a notable bullish divergence between its price action and the RSI (Relative Strength Index) on the 4-hour chart. This divergence is a technical signal where the price makes a lower low. Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? Chad acknowledges that the price is clearly in a short-term downtrend and will need to reverse at some point. While he admits he doesn’t know the exact timing of the reversal, he emphasizes that the bullish divergence is the first positive sign that sellers are losing control and a structural shift may be near. To officially switch the short-term market structure back to bullish, Chad outlines a simple progression: the price needs to first make a higher high to break the current downtrend, and then confirm that break by establishing a higher low. This sequence is necessary to confirm that buyers have successfully taken over directional control of the price. Featured image from Pngtree, chart from Tradingview.com
In the turbulent and often unpredictable world of financial markets, asset correlations can dictate fortunes, creating either synergistic gains or painful downturns. Bitcoin is once again proving its resilience as it navigates a difficult period of negative market correlation. How Macro Pressure Failed To Break Bitcoin Market Structure Bitcoin is dealing with one of the most frustrating correlations in the market and is still surviving. CryptosRus has noted on X that BTC and Nasdaq are moving together, but BTC is reacting more to drops than to pumps. Wintermute pointed this out in their latest market report, and it’s exactly the type of pattern you normally see near macro bottoms, not near the top of a cycle. Related Reading: Why Is Bitcoin Price Crashing? Arthur Hayes Isn’t Surprised The incredible part of this trend is that BTC has already hit multiple all-time highs (ATHs) this year. BTC is still trading roughly 25% off the peak while carrying a correlation dynamic that shows how strongly it has been holding upward. It’s becoming increasingly clear that Bitcoin is on track to close the CME gap today, and the broader market context supports that move. The CIO and founder of MNFund and MNCapital, CryptoMichNL, has offered insight into crypto sentiment using the Fear and Greed Index, which shows an impression of the current state of the market comparable to previous occasions. This index is currently sitting at a 14 out of 100 level. The last time this level occurred was February 2025, right before BTC delivered a 20% decline in a month, and in June 2022, which marked a low during the Luna collapse. This shows exactly what the current market structure is, a pattern that doesn’t last long. CryptoMichNL concluded that it feels brutal when the broader crypto market and BTC are crashing simultaneously, but these phases do not last forever. That’s why patience is the most profitable strategy. Trend Reversal Strengthens As Price Moves Toward Support Zones Bitcoin is now moving directly into two major liquidity pockets, and these zones are likely to act as short-term support as the market searches for direction. An analyst known as Stockmoney Lizards has revealed that the BTC liquidation heatmap is signaling a heavy cluster of long liquidations between $80,000 and $90,000. Related Reading: Bitcoin Slides Deeper Into Red, Extending Decline Toward Key Support Zones At the same time, there is a CME true gap between the $92,000 and $92,500 region with no wicks. Meanwhile, BTC has already broken below the weekly supertrend and the weekly EMA50, confirming that momentum hasn’t flipped and BTC is still in a correction phase. Stockmoney Lizards noted that from here, the $90,000 is the natural bounce zone, and we will see if the bounce will manage to ignite a breakout to the upside, or if BTC can continue sliding toward the mid-$80,000 range. Featured image from Pngtree, chart from Tradingview.com
Bitcoin has officially slipped into dangerous territory after losing the $90,000 level for the first time since early spring, triggering widespread fear across the market. The drop has intensified concerns that BTC may be transitioning into a full bear market, as momentum weakens and buyers struggle to absorb the aggressive waves of sell pressure. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis According to top analyst Darkfost, one of the driving forces behind the latest downturn is persistent selling from major institutional players. Data shows that Galaxy Digital has been offloading significant amounts of BTC. This steady stream of institutional selling has added weight to an already fragile market structure, likely accelerating last night’s drop. While sentiment is undeniably fearful, the combination of forced liquidations, institutional selling, and panic-driven exits may be creating the final stage of a broader reset — one that historically precedes major cycle reversals. Galaxy Digital’s Selling Accelerates Market Downside Darkfost reports that Galaxy Digital has been exceptionally active over the past several hours, adding considerable pressure to an already fragile Bitcoin market. According to the data, the firm moved more than 2,800 BTC, a sizeable amount given the current environment of fear and declining liquidity. A particularly notable portion of this activity is the 1,474 BTC transferred to Coinbase Prime, equivalent to roughly $135 million at recent prices. Such large inflows to an institutional exchange are typically interpreted as preparation to sell, and this wave of supply appears to have coincided with Bitcoin’s accelerated move below the $90,000 level. This type of selling activity from a major player like Galaxy Digital carries significant market implications. When large, sophisticated entities reduce exposure during a period of heightened volatility, it often intensifies fear among retail traders and shorter-term participants. The timing of these transfers — occurring as Bitcoin was already slipping through critical support zones — likely amplified the downside impact, contributing to the sharp overnight drop. However, while the immediate effect is clearly negative, analysts like Darkfost emphasize that such phases of heavy selling and forced repositioning are also characteristic of late-stage corrections. Once large sellers finish distributing, markets often stabilize and rebuild from stronger hands. Related Reading: $14B In Stablecoins Minted Since October Crash: Liquidity Returning To Crypto BTC Price Analysis: Testing Key MA as Fear Peaks Bitcoin’s price action on the 3-day chart shows a decisive breakdown, with BTC now trading around $90,400, sitting directly on top of the 200 moving average (red line) — a level that has historically acted as a final line of defense during major corrections. The rejection from the $110K–$115K zone triggered a cascade of lower highs, shifting market structure firmly into a short-term downtrend. Momentum has deteriorated quickly, and the clean break below both the 20-day (blue) and 50-day (green) moving averages confirms bearish control. Related Reading: Massive Bitcoin Bid Walls Spotted On Binance: Bulls Step In With 2,800 BTC Cluster Volume has spiked noticeably during the most recent candles, indicating forced selling and liquidation-driven moves rather than organic distribution. This aligns with the broader fear-driven environment and recent data showing large entities, including Galaxy Digital, offloading significant amounts of BTC. The high-volume flush suggests capitulation behavior, especially as Bitcoin revisits levels not tested since early 2025. If buyers defend this level and the price stabilizes, it could mark the beginning of a base formation. However, a clean breakdown below the 200 MA would expose the next major support near $82K–$85K, signaling deeper downside risk. Featured image from ChatGPT, chart from TradingView.com
Futures prices for BTC are trading below spot prices, signaling "extreme fear," which can sometimes be read as a contrarian buy signal.
After plunging below $90,000 overnight, BTC has regained the $93,000 level in U.S. morning action.
Standard Chartered’s Geoffrey Kendrick says bitcoin’s steep decline is part of a recurring pattern, with a rebound into year-end in his base case.