Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Updates: Bulls Encounter Major Challenge: Will Bitcoin Recover Important Levels After a 30% Decline?

Bitcoin Updates: Bulls Encounter Major Challenge: Will Bitcoin Recover Important Levels After a 30% Decline?

Bitget-RWA2025/11/23 09:04
By:Bitget-RWA

- Bitcoin fell below $87,000 in Nov 2025, triggering $914M liquidations and pushing its unrealized loss ratio to 8.5%, signaling bearish sentiment. - ETF outflows hit $903M in one day, with BlackRock's IBIT losing $355.5M, attributed to institutional profit-taking and year-end risk-off moves. - Japan's $135B stimulus and Fed rate-cut uncertainty deepened selling, while Ark Invest added $39.6M in crypto firms amid price declines. - On-chain data shows $66.4M in losses from whale liquidations, but miners' ac

The unrealized loss ratio for Bitcoin has climbed to 8.5%, reflecting growing bearish sentiment as the crypto market endures a steep downturn. The value of

(BTC) dropped under $87,000 on November 20, 2025, reaching its lowest point in seven months and resulting in more than $914 million in liquidations, with over $703 million coming from long positions. This has increased downward pressure on the cryptocurrency, , a level often linked to bear market conditions in the past.

Bitcoin Updates: Bulls Encounter Major Challenge: Will Bitcoin Recover Important Levels After a 30% Decline? image 0

This wave of selling has occurred alongside unprecedented withdrawals from Bitcoin exchange-traded funds (ETFs),

, marking the second-largest outflow since their debut in January 2024. BlackRock’s (IBIT) experienced the largest withdrawal, losing $355.5 million, while Grayscale’s recorded $199.35 million in redemptions. Experts point to institutional investors locking in profits and a shift to risk aversion as the year ends, but emphasize this does not indicate a fundamental drop in demand. " , and the outflows are likely due to short-term portfolio adjustments rather than a mass exit," Bitfinex analysts commented.

Despite the market upheaval, Cathie Wood’s Ark Invest has been increasing its stakes in crypto-related companies, investing an additional $39.6 million in Bullish, Circle Internet, and Bitmine as their share prices declined. This approach signals confidence in long-term growth, even as the market remains volatile in the near term. "

to buy tokens at reduced prices," said Przemysław Kral, CEO of zondacrypto.

Broader economic factors have further fueled the bearish trend. On November 21, Japan’s government approved a $135.4 billion stimulus package to help offset inflation. However,

despite its reputation as a safeguard against monetary expansion. At the same time, the Federal Reserve’s ambiguous position on interest rate cuts has heightened risk aversion, according to the CME FedWatch tool.

Blockchain data highlights the extent of the downturn.

using a leveraged loan, incurring a $25.29 million realized loss, while the remaining 1,560 tokens are now sitting on an unrealized loss of $41.12 million. that for Bitcoin to reverse the bear trend, it must recover the 0.75 cost-basis quantile, a threshold that has marked pivotal moments in previous cycles.

Some technical signals offer cautious optimism. Bitcoin is currently testing the lower edge of a symmetrical rising channel established since 2023, and Santiment observes that intense retail pessimism often comes before a turnaround.

a yearly low of 15 out of 100, a level that has historically preceded recoveries within a few months. Additionally, miners have shifted from selling to accumulating, adding a net 777 over the past week, suggesting a stabilization in supply.

As the market processes these developments, the outlook remains unclear. While short-term investors are selling in panic, "strong hands" seem to be absorbing the excess supply, a pattern observed in previous capitulation phases. With Bitcoin now 30% below its October high, the coming weeks will reveal whether bulls can reclaim crucial technical and on-chain levels, or if the bearish phase will deepen further.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Updates: Investors Turn to Presales to Manage Crypto Fluctuations, Focusing on Reliable Token Structures and Cutting-Edge Developments

- Crypto investors shift capital to presales like Bitcoin Munari and Mutuum Finance amid market volatility, seeking predictable tokenomics and innovation. - Bitcoin Munari (BTCM) offers a multi-stage $0.10–$3.00 presale with Solana deployment and privacy-focused smart contracts, allocating 53% of tokens to public sales. - Bitcoin Cash (BCH) gains 10% after $500M institutional investment and quantum-resistant Quantumroot integration, while Bitcoin Hyper raises $28.3M for BTC programmability on Solana. - Pre

Bitget-RWA2025/11/24 00:28
Bitcoin Updates: Investors Turn to Presales to Manage Crypto Fluctuations, Focusing on Reliable Token Structures and Cutting-Edge Developments

XPENG and XP Inc. Pursue Distinct Strategies for Expansion in the Third Quarter

- XPENG and XP Inc. reported strong Q3 2025 growth through divergent strategies, with XPENG focusing on EV sales expansion and XP Inc. on digital financial services. - XPENG achieved 101.8% revenue growth (RMB20.38B) driven by 149.3% vehicle delivery surge and 690-store sales network expansion. - XP Inc. saw R$29B client asset inflows and 16% YoY growth, maintaining 74 NPS while navigating 18% YoY retail inflow decline. - Both companies narrowed losses (XPENG: RMB0.38B vs RMB1.81B) and demonstrated resilie

Bitget-RWA2025/11/24 00:28
XPENG and XP Inc. Pursue Distinct Strategies for Expansion in the Third Quarter

Fed's Data Setbacks and Internal Disagreements Dash Expectations for a December Rate Reduction

- Fed's December rate cut probability drops to 33% due to delayed labor data from government shutdown and internal policy divisions. - September jobs report showed 119,000 hires but rising 4.4% unemployment, creating mixed signals about economic resilience. - Market selloff intensifies with Bitcoin falling to $89,000 and dollar strengthening as traders anticipate prolonged hawkish stance. - Goldman Sachs suggests December cut remains possible if Fed prioritizes unemployment, but delayed November data compl

Bitget-RWA2025/11/24 00:28
Fed's Data Setbacks and Internal Disagreements Dash Expectations for a December Rate Reduction

Bitcoin’s Abrupt Pullback: Causes Behind the Drop and Future Outlook

- Bitcoin's 7-day 2025 price correction erased most gains, driven by Fed policy shifts, regulatory uncertainty, and ETF outflows. - Fed's December 1 QT end decision coincided with a 43-day government shutdown, creating an "information vacuum" and risk-off market sentiment. - U.S. Bitcoin ETFs saw $3.79B in November 2025 outflows, with BlackRock's IBIT losing 63% of total redemptions amid bearish technical signals. - Market structure vulnerabilities exposed by ETF outflows and Bitcoin's seven-month low ($83

Bitget-RWA2025/11/24 00:26