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Bitcoin Updates: As Cryptocurrency Faces Challenges, Miners Turn to AI for Adaptation

Bitcoin Updates: As Cryptocurrency Faces Challenges, Miners Turn to AI for Adaptation

Bitget-RWA2025/11/13 19:15
By:Bitget-RWA

- Bitcoin fell to $98,000 amid surging futures liquidations, with long-term holders offloading 815,000 BTC as key support levels face breakdown risks. - Miners like Bitfarms pivot to AI infrastructure amid shrinking crypto profits, reflecting industry-wide strategic shifts toward stable revenue streams. - U.S. miners struggle with 36-40% hashrate share despite crypto-friendly policies, relying on state-level energy initiatives rather than federal support. - Market analysis highlights $98,000 liquidity clus

Last week, Bitcoin’s value fell to $98,000 as a surge in futures liquidations heightened fears among bullish investors about a possible drop beneath crucial support zones. This downturn came after Bitcoin failed to reclaim the $100,000 mark, with long-term holders selling more than 815,000 BTC over the past month,

. Experts now highlight the June 2025 lows near $98,000 as the next probable destination if volatility picks up, due to the widening gap between resistance overhead and available support.

The latest wave of selling has exposed underlying vulnerabilities in Bitcoin’s market structure.

, each time weakening buyers’ resolve and draining available bid liquidity. Crypto trader Daan pointed out a significant liquidity pocket below $98,000–$100,000, which matches the pattern of higher lows forming above this area . CoinGlass data also showed that almost $1.3 billion in leveraged long liquidity is concentrated at $98,000, .

Bitcoin Updates: As Cryptocurrency Faces Challenges, Miners Turn to AI for Adaptation image 0
Previously, bulls aimed for liquidity above $110,000 after the price dipped below $100,000, but the market now stands at a pivotal point. at resistance, with liquidity pools above $112,000 possibly offering support if the price can surpass $107,000. The $111,500–$115,000 zone is drawing considerable attention, and , forcing short sellers to exit and potentially driving the price up to $117,000.

At the same time, the broader

ecosystem is experiencing major strategic changes. , a leading mining company in North America, over the next two years, shifting focus to AI and high-performance computing as profit margins tighten. The company reported a $46 million loss for the third quarter and intends to repurpose its Washington State site for Nvidia GB300 GPUs. This shift mirrors a larger industry movement as miners look for more reliable income, with companies like Cipher and also moving into AI data centers .

Political factors are adding further complexity. Although the Trump administration promoted a crypto-friendly climate for adoption and institutional investment,

. The nation’s share of hashrate remains between 36% and 40%, well below the 60% once held by China . While federal policies have benefited Wall Street and Silicon Valley, miners have depended more on state-level measures, such as Texas’s energy initiatives, rather than national support .

The ongoing liquidation pressure and structural concerns have fueled discussions about a possible rebound. Futures trader Byzantine General

, but stressed that breaking through $108,000 or $112,000 could lead to significant price swings. Still, with repeated support tests undermining buyer confidence, a lasting recovery remains in doubt.

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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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