> Once viewed as an unstoppable Bitcoin bull market, it is now facing the most severe test since the beginning of this year. After three consecutive days of sharp declines, Bitcoin further broke through the key psychological level of $100,000 on Friday (November 14), briefly dropping to around $97,600, marking its lowest level since May 8. This largest global cryptocurrency has fallen about 22% from its historical high of $126,273 set on October 6, with **approximately $450 billion in market value evaporated** during this period. In stark contrast to the downturn in the crypto market, traditional safe-haven assets like gold and silver have continued to strengthen. This divergence reflects that investors' preference for traditional safe-haven assets is increasing amid rising macroeconomic uncertainty.
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Bitcoin: The Rise and Volatility of Digital Gold As we enter November 2025, the Bitcoin market is undergoing significant changes. In the past 24 hours, the price of BTC plummeted below $100,000, erasing over $1 trillion in market value and triggering panic of a "bear market." On platform X, traders are hotly discussing the "leverage liquidation storm," as Owen Gunden transferred BTC worth $290 million to Kraken, suspected to be a sell signal. However, optimistic voices continue to emerge: JPMorgan predicts a support level at $94,000, with a year-end target of $170,000; Michael Saylor insists that by 2035 BTC will surpass the market value of gold. The US Bitcoin ETF recorded a net inflow of $524 million, showing that institutional funds are quietly returning. Analysts point out that this round of correction stems from vague signals from the Federal Reserve and the correlation with the US stock market, but historical data shows that November is often BTC's "golden month," with an average increase of over 42%. The current price hovers around $104,000, potentially testing the resistance level of $106,000 in the short term.
The charm of Bitcoin lies in its resilience: from the crash in 2018 to today’s institutional embrace, it has always managed to rise from the ashes. For investors, this is not only a technological revolution but also an opportunity for wealth reformation. But remember, the crypto market is highly volatile; entering rationally is key to riding the waves.
Bitcoin (BTC), as the world’s leading cryptocurrency, was proposed in a white paper by the mysterious figure Satoshi Nakamoto in 2008. It is a decentralized digital asset that utilizes blockchain technology to enable peer-to-peer transactions without the need for banks or government intermediaries. The total supply limit of Bitcoin is 21 million coins, similar to “digital gold,” aimed at combating inflation and providing a store of value. Since its network launch in 2009, Bitcoin has risen from a few cents to a market value of over $2 trillion, having been designated as legal tender by countries like El Salvador. Despite facing regulatory challenges, its security and transparency have attracted institutional investors, driving the rise of ETF products. $BTC {future}(BTCUSDT) $BNB {future}(BNBUSDT) $ETH {future}(ETHUSDT)
Time flies while watching the market, and before I know it, I've been battling with the real market rebate buddies until 5 AM 😂
The short-term scalping rhythm is too fast, so I won't share it publicly. Let's briefly talk about the trading ideas for Bitcoin. I won't consider looking for a bottom position unless it breaks below 95000. Before it breaks 95000, those who are trying to catch short-term longs should pay attention to watching the market and not overthink it. If you want to try to take advantage, be cautious about reducing positions to protect your capital. After some sleep, we can further discuss the bottom-fishing plan. Good night 🙏$BTC
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