The value of Bitcoin, the main cryptocurrency by market cap, has plunged to the bottom stage since early Could, reaching an intraday low of $98,081. BTC’s market cap has slipped under $2 trillion.
Notably, it has printed 16 straight 15-minute pink candles, which underscores how bearish the cryptocurrency market at the moment is.
Roughly $400 million value of crypto has been liquidated over the previous 24 hours, with longs accounting for the overwhelming majority of the wipeout, CoinGlass knowledge exhibits.
The flagship cryptocurrency has already slipped under $100K for the second time this month.
“Important” bearish bias
In response to analytics agency Santiment, the newest has precipitated a wave of FUD and anxious social media posts from retail merchants.
Traditionally, buys are much less dangerous than common attributable to panic promoting by retail merchants.
“Sentiment all the time performs a big issue, and most of the time, costs will transfer reverse to regardless of the crowd’s majority narrative is on social media,” the agency famous.
📉 Bitcoin has dumped under $100K for the second time this month. Predictably, this has precipitated a wave of FUD and anxious social media posts from retail merchants. As proven under:
🟥: Important bullish/grasping bias (normally when markets are getting an excessive amount of FOMO, costs will go… pic.twitter.com/rowUv3xIMd
— Santiment (@santimentfeed) November 13, 2025
As reported by U.At present, OGs promoting Bitcoin en masse was thought of to be the primary motive behind the sell-off.
In response to Glassnode, the size of income taken by seasoned buyers after breaking the ATH climbed to ranges absolutely according to prior cycle peaks in late August.
The silver lining
Chris Kuiper, VP of analysis at Constancy Investments, has famous that the correlation between bitcoin and gold continues to say no.
With a purpose to be a part of institutional portfolios, Bitcoin is meant to be uncorrelated.
“That is what institutional buyers might want and must see to get the advantages of diversification…If bitcoin merely trades like a leveraged place on one thing already within the portfolio, institutional buyers might simply replicate it through the use of leverage.” Kuiper famous.
