Bitcoin News Update: Retail Investors Panic While Whales Remain Confident as Bitcoin Hits Lowest Point in Seven Months

Bitcoin has dropped to its lowest point in seven months, hovering around $89,250, which has led to discussions among experts about whether the cryptocurrency is approaching a significant bottom or facing an extended downturn. Technical signals indicate that a revisit to the $82,400 mark is possible, while

such as Michael Saylor and increased institutional involvement point to a potential 40% recovery by the end of the year. The market is sharply divided: retail traders are pulling out amid "extreme fear" indicators, whereas whales and long-term investors .

The latest decline has wiped out Bitcoin’s gains for 2025, with the price now sitting 30% below its all-time high of $126,200 set in October

. Analyst Joao Wedson cautions that if Bitcoin closes the week below the 50-week EMA (around $100,300) and falls under the 1.618 Fibonacci level (about $101,500), it could enter a multi-week correction . On-chain metrics show that long-term holders—wallets with no recorded outflows—have since October, marking the largest buying spree in recent cycles. This contrast between retail panic and institutional confidence is now a hallmark of the current market environment.

Michael Saylor, MicroStrategy’s CEO, has reaffirmed his commitment to

despite recent price swings. He that the company had sold any of its Bitcoin and maintained his view that Bitcoin will outperform both gold and the S&P 500 by 2025. Saylor’s perspective is in line with growing institutional interest, as the Czech National Bank a $1 million pilot investment in Bitcoin and other digital assets to test operational procedures in real-world scenarios. The ČNB clarified that this is not an official reserve policy, but rather a two-to-three-year experiment to assess the role of digital assets in national finance.

Market sentiment has taken a sharp downturn, with the Fear & Greed Index

, its lowest reading since late February 2025. The recent selloff is blamed on profit-taking, institutional withdrawals, and broader economic uncertainty, including the Federal Reserve’s delay in cutting interest rates. However, whale activity paints a different picture. Large investors—wallets holding at least 1,000 BTC—have in the last week, marking the second-largest weekly accumulation in 2025. Data from OnchainLens indicates that while some whales, such as Owen Gunden, are still selling, overall buying pressure remains strong. that this accumulation by major holders could restrict supply and help establish a price floor.

Technical analysts, including Plan C, anticipate that the current correction will be brief—similar to the earlier dip to $75,000 this year—followed by a rebound to the $111,000–$116,000 range by year’s end

. A move above $106,000 would indicate renewed bullish strength, while a fall below $92,000 could signal a deeper decline. Institutional investment patterns are also shifting: after weeks of outflows, U.S. spot Bitcoin ETFs on November 6. BlackRock’s IBIT and Fidelity’s FBTC, which manage $90 billion and $23 billion respectively, are leading this resurgence in demand.

Despite ongoing volatility, the wider crypto sector is demonstrating strength.

and other alternative coins have mirrored Bitcoin’s movements, though some analysts note similarities to Bitcoin’s price action after its ETF launch. For example, XRP’s 20% drop following its ETF debut , with some predicting a possible 230% rally if the pattern repeats.

The next few weeks will be pivotal for Bitcoin’s direction. With economic headwinds and key technical levels under scrutiny, whether the market can stabilize—and if whale accumulation leads to a sustained uptrend—will determine if the projected 40% rally happens before the year ends.