Key Highlights
- Bitcoin dips below $100K as long-term holders sell over 815,000 BTC, flooding the market with supply.
- A staggering $581 million in long liquidations are clustered around $97,800, threatening a deeper drop.
- Repeated $100K support tests signal market exhaustion amid ETF outflows and macroeconomic uncertainty. 📉
The world of Bitcoin is in shambles. The once-immovable $100,000 mark is now a distant memory as Bitcoin struggles like a failing circus act. Wednesday’s brief plunge to $100,700 was only the beginning. By the time this article reaches your eager eyes, Bitcoin is teetering at $97,813 – a hefty 4.2% drop in just one week. 🤦♂️
What caused this fall, you ask? Ah, the usual suspects: panic selling by long-term holders, a dash of economic gloom, and traders fleeing the scene like rats off a sinking ship. A chaotic mix of uncertainty, that’s what it is!
Long-Term Holders Start The Great Sell-Off
Market data suggests that the long-term Bitcoin holders – those trusty old wallets that haven’t moved a single satoshi in over six months – are now throwing caution to the wind. Over 815,000 BTC have been sold in the last 30 days. The largest such sell-off since January 2024! And guess what? Analysts are speculating that this isn’t just a random blip. No, it’s the same cycle we’ve seen before when holders decide to cash in their chips after a massive rally. 💸
According to CryptoQuant, this fire-sale has created a hefty supply overhang, making it harder for Bitcoin to hold on to any semblance of value. Thanks for nothing, long-term holders!
Long-term holders are selling hard.
~815K BTC sold in the past 30 days, the highest level since Jan 2024.
With demand contracting, this sell-side pressure is weighing on the price
– CryptoQuant.com (@cryptoquant_com) November 13, 2025
The timing couldn’t be worse, as leveraged positions are piling up like a crowded subway during rush hour. CoinGlass data reveals nearly $582.75 million in long positions sitting at $98,000, setting up the stage for a potential price crash if things get wild. It’s like waiting for the final domino to fall. 🏚️
Remember when futures traders thought Bitcoin could hit $110,000? Yeah, now they’re just hoping it doesn’t hit rock bottom first. What a difference a few weeks make.
Liquidity Crunch: The Battle of Support and Resistance
Bitcoin’s liquidity landscape is now more skewed than a funhouse mirror. Trader Daan Crypto noticed a “big cluster” forming between $98K and $100K, suggesting the support below is as thin as my patience during a crypto dip. Just above? A decent cluster around $108K, where the market might fight its way back up… or not.
$BTC This is what we’re working with in terms of liquidity.
There’s a big cluster below the local lows at $98K-$100K which makes sense seeing we had a few marginally higher lows above that.
Then looking above, there’s a big area at ~$108K which would also mark a break of the…
– Daan Crypto Trades (@DaanCrypto) November 13, 2025
And if you thought that was bad, Byzantine General chimes in, warning that Bitcoin could be headed straight for $98,000 like a freight train with no brakes. With each failed $100K test, confidence wanes. 🛑
UBCrypto even called the latest price action a “failed breakout” – a term I like to use when my plans fall apart. It’s the kind of thing that makes you think twice about any hasty purchases… unless you’re into buying high and selling lower, of course. 💔
The State of Market Sentiment and the Macro Headache
Sentiment in the market is about as stable as a house of cards on a windy day. Hyblock Capital’s data reveals that 68.9% of BTC orders on Binance are still “long,” meaning some brave souls are still defending the $100K floor. But will they succeed? Hard to say. 🧐
Meanwhile, broader macroeconomic factors are turning the crypto waters murky. The recent U.S. government shutdown? Check. Hawkish Fed remarks? Check. It’s a recipe for market panic. And when crypto traders start selling off tech shares, you know things are bad. 😱
The FedWatch tool is showing a 66.9% chance of a rate cut, down from 85% just a week ago. With job numbers weakening and economic concerns mounting, market optimism is getting the boot.
Other Cryptos Feel The Heat
Bitcoin’s tumble has rippled across the broader crypto market. Ethereum (ETH) fell 9.67% to $3,131.77, Solana (SOL) is down 8.45% to $141.37, and XRP? Oh, it dropped 8% to $2.27. It’s like a domino effect of digital currency despair. 🥲
What’s Next for Bitcoin? Will it Survive The Apocalypse?
The crystal ball is still hazy, with experts divided on whether Bitcoin will rise from the ashes or continue its downward spiral. Some see a potential recovery, while others predict more pain in the short term. Traders remain on edge, watching those key support levels like hawks. 🦅
Prediction markets are giving Bitcoin a 54.7% chance of reaching $115,000 before falling back to $85,000. Whether this cautious optimism holds true or whether it’s just wishful thinking remains to be seen.
In the end, it all comes down to the $98,000-$100,000 range. If Bitcoin can’t hold it, well… we may be in for a whole new kind of crypto winter. ❄️
Background and Recent Trends
Remember October, when Bitcoin briefly hit $125,000? That was cute. Now it’s a distant dream as the price falls again under $100,000. The rollercoaster continues, with sellers profiting, markets jittery, and everyone wondering if Bitcoin will ever hit its stride again. Get your popcorn, folks – it’s gonna be a bumpy ride. 🍿
As always, the market’s volatility reigns supreme. Only time will tell if Bitcoin survives this storm or gets swept away by it. Stay tuned. 📉
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2025-11-14 10:05