$BTC
BITCOIN JUST PULLED A CLASSIC PLOT TWIST — the kind that shakes out the impatient and rewards the disciplined. After tagging a panic low near $80K last week, BTC has ripped back above $90,000, locking in a sharp +12% reversal that caught most traders off-guard. While timelines were flooded with “bear market confirmed” takes, the market was quietly setting the stage for a rebound.
This cycle, whales off-loaded more than $20B, shifting supply from strong hands to fresh entrants who were quick to panic during the dip. At the same time, Bitcoin ETFs saw heavy outflows throughout November, fueling bearish sentiment and draining confidence. Retail capitulated, short-term holders dumped at losses, and derivatives markets became packed with overconfident shorts expecting a deeper breakdown.
But that cocktail of fear, forced selling, and crowded positioning is exactly what often precedes a reversal. Liquidity thinned, volatility spiked, and once selling pressure finally exhausted, buyers stepped in aggressively. With shorts heavily stacked, even a small bounce triggered liquidations, accelerating the move back above $90K.
Now sentiment is flipping again — fear is subsiding, positioning is resetting, and Bitcoin has reminded the market once more: the biggest moves usually happen when emotions swing to extremes.