Bitcoin News Today: Bitcoin’s Recent Decline Ignites Discussion: Is This a Temporary Correction or the Start of a Larger Downtrend?

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Bitget-RWA2025/11/14 06:16

By:Bitget-RWA

- Bitcoin long-term holders offloaded 815,000 BTC in 30 days, pushing price below $100,000 and triggering $683M liquidations. - Analysts link the selling to profit-taking after prolonged rallies, with open interest dropping 27% to $68.37B as demand remains subdued. - Market debates whether this marks a mid-cycle correction (22% average drawdowns historically) or a broader bearish shift. - Despite volatility, 72% of BTC supply remains in profit, and DeFi TVL exceeding $1T signals potential long-term resilie

Bitcoin Long-Term Holders Unload 815K BTC in a Month, Stirring Market Turbulence

On Thursday, Bitcoin slipped below $100,000 for the second time in a week, heightening worries about market steadiness as long-term investors

sold an unprecedented 815,000 BTC

over the past 30 days—the largest amount since January 2024. This wave of selling, which included holders with positions from 6 months up to more than 7 years, has led to a persistent oversupply,

based on CryptoQuant’s data

. Experts observe that this trend is reminiscent of previous market tops, when long-term holders secured profits after extended rallies, often followed by consolidation phases.

The recent price drop resulted in

$683 million worth of liquidations

in just 24 hours, with $556 million in long positions erased. Bitcoin alone was responsible for $164.5 million in liquidations within four hours, adding to the pressure from

Ethereum

and

Solana

. At the same time,

both institutional and retail interest remains muted

. Data from SoSoValue shows investor sentiment remains weak,

as Bitcoin’s futures open interest has dropped

from $94.12 billion in October to $68.37 billion now.

Market experts warn that increased selling by long-term holders heightens liquidity concerns. "

When experienced holders bring BTC back into circulation

, it undermines price stability," one analyst explained in a Kobeissi Letter post. This situation, together with

last week’s $1.22 billion ETF outflow

, has created ideal conditions for heightened volatility.

The downturn has sparked debate about whether the market is undergoing a mid-cycle pullback or entering a more prolonged bearish phase. Bitfinex analysts suggest the current environment

is similar to the consolidation periods seen in 2024 and early 2025

, with corrections typically averaging 22% from record highs before a rebound. At the time of writing,

72% of BTC in circulation remained profitable

, which is seen as a positive indicator for a potential recovery. Glassnode also reported early signs of renewed buying activity,

as spot trading volumes jumped

to $14.1 billion on November 11, up from $11.5 billion the week before.

The broader cryptocurrency market reflected Bitcoin’s challenges.

BNB’s futures open interest fell by 2.39%

to $1.41 billion. Meanwhile, institutional adoption of Bitcoin continued to grow,

with the Trump administration’s Strategic Bitcoin Reserve

and the GENIUS Act further establishing its status as a reserve asset. Anchorage Digital’s latest expansion in custody services further advanced institutional involvement in Bitcoin DeFi,

paving the way for yield-generating strategies

The future trajectory depends on a revival in demand. "

Buyers need to enter at the $98,000–$100,000 range

to avoid a deeper downturn," analysts commented. While ETF inflows have seen a modest return, ongoing institutional engagement is still essential. With

Bitcoin’s total value locked in DeFi exceeding $1 trillion

, the ecosystem’s expansion could support long-term optimism—provided short-term volatility eases.

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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Global markets are experiencing multiple transformative catalysts supporting the recovery of risk assets. For instance, Trump has revived his proposal to distribute $2000 "tariff dividend" checks to every American using tariff revenues. While the plan faces hurdles such as congressional approval and inflationary concerns, it has already boosted consumer confidence and is expected to inject trillions of dollars in liquidity, benefitting high-growth technology sectors. Meanwhile, the U.S. government shutdown has reached a record 41 days. With the Senate having reached an agreement, it's expected to end on November 11—potentially triggering a renewed fiscal injection of tens of billions of dollars and a V-shaped rebound similar to past shutdown recoveries. Market expectations for a rate cut at the Federal Reserve's December FOMC meeting are also rising, with a 62.6% probability priced in for a 25-basis-point cut. Some Trump-backed officials even advocate for a 50-basis-point reduction, which would extend the easing cycle and further stimulate investment in crypto and AI infrastructure. Together, these factors may drive a 5–10% rebound in total crypto market capitalization, creating a window of opportunity for allocation to high-quality projects.

Bitget•2025/11/14 10:16

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Ethereum Latest Updates: BitMine Commits $12 Billion to ETH—Chairman Predicts $12,000 Despite 13% Market Drop

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Bitget-RWA•2025/11/14 10:08

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Vitalik Buterin's Breakthrough in ZK Technology: Ushering in a New Age of Privacy and Blockchain Scalability

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Bitget-RWA•2025/11/14 10:02