The cryptocurrency market entered November under strong selling pressure as the Bitcoin dollar price temporarily fell. $108,000causing new concerns among traders. According to on-chain data, insiders (traders who were short selling before the previous flash crash) have started selling short again. 12,500BTC or more worth approximately $1.4 billion In just a few hours.
Although many are pointing to changes in political headlines and social sentiment, data suggests that the BTC dollar has not collapsed yet and is still rising.
Insider activity raises alarm
Market watchers quickly noticed a large number of sell orders in a short period of time. Responsible insiders are Win rate 100% There have been crashes in the past, and his re-emergence has reignited concerns that there will be another major correction.
His wallet activity shows consistent outflows to exchanges, suggesting active selling. Given Bitcoin’s current liquidity levels, even billions of dollars of selling pressure could cause sharp volatility. But analysts argue that these moves often occur before weak hands are flushed and the market resets or reverses.
Trump’s 60 Minutes appearance: Misplaced accusations
Some people attribute this decline to President Trump’s recent appearances 60 minutesThere, he spoke at length about economic recovery, but only briefly mentioned cryptocurrencies.
This unfortunate section Gen Z investorsreportedly anticipated pro-cryptocurrency statements and reacted by selling their stock holdings.
However, experts quickly Error exposed The theory is that Gen Z’s total market share in cryptocurrencies is too small to cause such a widespread decline.
At best, their actions can lead to: snowball effect — A chain reaction in which small panic selling cascades into large sell orders, triggering algorithmic and institutional selling. If that momentum builds, it can exaggerate the market decline far beyond the initial trigger.
Is the Bitcoin price crashing?
According to the BTCUSD chart, Bitcoin Currently It is hovering around $107,400.,key support level. Despite the decline, this support shows that it remains intact integration Rather than a full-blown collapse.
BTC/USD 1 day chart – TradingView
- Immediate support: $107,400
- Main resistance: $110,800 – $111,150
- RSI (Relative Strength Index): 40.78 — suggesting near oversold territory
- MACD: Shows some bearish momentum but remains flat, suggesting sellers may be exhausted
As long as Bitcoin remains above $107,000, the downtrend will continue.
However, once you pass this level, The next big stop could be $100,000.large buy orders are expected to reappear.
Top 10 Cryptocurrencies — 24-hour performance
| rank | name | symbol | 24 hour rate of change |
|---|---|---|---|
| 1 | Bitcoin ($BTC) | BTC | -2.90% |
| 2 | Ethereum ($ETH) | Ethereum | -4.00% |
| 3 | Tether ($USDT) | USDT | 0.00% |
| 4 | $XRP | XRP | -4.72% |
| 5 | $BNB | BNB | -6.12% |
| 6 | Solana ($SOL) | sol | -5.61% |
| 7 | $USDC | USDC | +0.01% |
| 8 | Tron ($TRX) | TRX | -0.35% |
| 9 | Dogecoin ($DOGE) | doge | -6.98% |
| 10 | Cardano ($ADA) | ADA | -5.53% |
All major cryptocurrencies are displayed red candleconfirming that Bitcoin dumping has spread throughout the market.
Bitcoin Price Prediction: Will Bitcoin Recover?
Despite the panic, Bitcoin’s current structure still shows resilience. Traders are watching closely $107,000 zoneas a rebound from here could rekindle the momentum. $111,000 – $114,000. However, if sales continue as is, psychological $100,000 level If this is tested, the market may enter a deeper correction phase.
For now, consolidation remains the most likely scenario, and the smart money appears to be waiting rather than retreating.