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Bitcoin News Today: The $100K Showdown for Bitcoin: Will Sellers Be Held Back?

Bitcoin News Today: The $100K Showdown for Bitcoin: Will Sellers Be Held Back?

Bitget-RWA2025/11/13 18:34
By:Bitget-RWA

- Bitcoin faces record sell-off as long-term holders offloaded 815,000 BTC, pushing price below $100,000 for first time since June. - Weak demand, deteriorating sentiment, and geopolitical tensions (e.g., $13B BTC theft dispute) amplify bearish pressure amid fragile support levels. - Market hinges on 365-day moving average recovery and demand resilience; prolonged selling risks deeper corrections despite limited panic exits.

Bitcoin is experiencing increasing selling pressure as long-term investors have sold an unprecedented 815,000 BTC in the last month—the highest outflow since January 2024—

from CryptoQuant and Bitcoinworld.co.in. This wave of selling, combined with declining demand and worsening market sentiment, has driven into one of its most bearish periods this year, sparking doubts about the cryptocurrency’s ability to regain stability amid heightened volatility.

The sell-off accelerated

on October 10, in upward price momentum and sent key metrics into bearish zones. Since then, Bitcoin’s value has dipped below the crucial $100,000 mark for the first time since June, with the 365-day moving average—traditionally a strong support—now serving as a contested level. several times, a development not seen earlier in the current bull run and possibly signaling deeper corrections ahead.

Long-term investors, usually considered a stabilizing influence, have intensified the downward trend.

as spot market demand weakened and growth in stablecoin liquidity slowed, leaving Bitcoin in a vulnerable position with limited support. In earlier cycles, robust demand from ETFs, institutions, and retail participants helped absorb such selling, but that safety net is currently missing. from long-term holders, combined with softening demand, has created a fragile equilibrium, heightening the risk of further price declines.

Market sentiment mirrors this uncertainty.

, which measures investor optimism, dropped sharply from a positive 80 in October—when Bitcoin reached a record $126,000—to a pessimistic 20 as prices fell under $100,000. At the same time, profit-taking remains high, with $3 billion in net gains realized on November 7. , indicating that most holders are not panic-selling despite weakening support. Analysts point out that market bottoms typically form only after losses increase and weaker investors exit—a scenario that has not yet unfolded.

Geopolitical issues are adding further complexity.

regarding alleged state-sponsored Bitcoin theft—claiming 127,000 BTC ($13 billion) was confiscated—has injected more volatility into an already unstable market. Although Bitcoin’s price has stayed above $105,000, this episode highlights how geopolitical events can impact both supply and investor confidence. that if the limited supply persists, it could become a bullish factor by 2026, though short-term fluctuations remain a concern.

Bitcoin is now at a critical crossroads. The next few weeks will reveal whether it can recover its 365-day moving average and restore demand. If not, a broader downturn could follow, while a recovery might indicate only a temporary pause in a longer bull market. For now, the market’s direction depends on the actions of long-term holders, geopolitical shifts, and the strength of spot demand.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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