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

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

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

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, . 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

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 and . At the same time, . Data from SoSoValue shows investor sentiment remains weak, from $94.12 billion in October to $68.37 billion now.

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

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

, with corrections typically averaging 22% from record highs before a rebound. At the time of writing, , which is seen as a positive indicator for a potential recovery. Glassnode also reported early signs of renewed buying activity, to $14.1 billion on November 11, up from $11.5 billion the week before.

The broader cryptocurrency market reflected Bitcoin’s challenges.

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

The future trajectory depends on a revival in demand. "

to avoid a deeper downturn," analysts commented. While ETF inflows have seen a modest return, ongoing institutional engagement is still essential. With , the ecosystem’s expansion could support long-term optimism—provided short-term volatility eases.

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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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