The value of Bitcoin, the main cryptocurrency by market cap, has plunged to the bottom degree since early Might, reaching an intraday low of $98,081. BTC’s market cap has slipped beneath $2 trillion.
Notably, it has printed 16 straight 15-minute pink candles, which underscores how bearish the cryptocurrency market at present is.
Roughly $400 million price of crypto has been liquidated over the previous 24 hours, with longs accounting for the overwhelming majority of the wipeout, CoinGlass information reveals.
The flagship cryptocurrency has already slipped beneath $100K for the second time this month.
“Vital” bearish bias
Based on analytics agency Santiment, the newest has precipitated a wave of FUD and anxious social media posts from retail merchants.
Traditionally, buys are much less dangerous than common resulting from panic promoting by retail merchants.
“Sentiment at all times performs a major issue, and as a rule, costs will transfer reverse to regardless of the crowd’s majority narrative is on social media,” the agency famous.
📉 Bitcoin has dumped beneath $100K for the second time this month. Predictably, this has precipitated a wave of FUD and anxious social media posts from retail merchants. As proven beneath:
🟥: Vital bullish/grasping bias (normally when markets are getting an excessive amount of FOMO, costs will go… pic.twitter.com/rowUv3xIMd
— Santiment (@santimentfeed) November 13, 2025
As reported by U.Right now, OGs promoting Bitcoin en masse was thought of to be the principle purpose behind the sell-off.
Based on Glassnode, the dimensions of income taken by seasoned buyers after breaking the ATH climbed to ranges totally in line with prior cycle peaks in late August.
The silver lining
Chris Kuiper, VP of analysis at Constancy Investments, has famous that the correlation between bitcoin and gold continues to say no.
With a view to be a part of institutional portfolios, Bitcoin is meant to be uncorrelated.
“That is what institutional buyers might want and must see to get the advantages of diversification…If bitcoin merely trades like a leveraged place on one thing already within the portfolio, institutional buyers may simply replicate it by utilizing leverage.” Kuiper famous.
