Nov 19, 2025
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Bitcoin Holds Above $90K Amid Rising Unrealized Losses and Market Tension
Bitcoin is currently stabilizing around the $90K mark as the market enters an uncertain phase. Opinions differ: some analysts see a potential bear market, while others expect a rally breaking the usual four-year cycle. This reflects a market grappling with fear, macroeconomic pressures, and liquidity changes.
- Data from analyst Darkfost indicates over 6.96 million BTC are at an unrealized loss, the highest since January 2024.
- This suggests significant Bitcoin accumulation near previous all-time highs, leading to emotional selling pressures.
Despite challenges, Bitcoin defends the $90K level, indicating demand absorption. The key question remains whether this signals a bear market onset or a pre-rebound phase.
Unrealized Losses Indicate "Change of Hands" Phase
- Darkfost notes that many short-term holders (STHs) bought near peak prices, making them prone to sell amid volatility.
- Such selling increases short-term volatility but historically presents strong buying opportunities during bullish trends.
- This phase represents a shift from emotional sellers to strategic buyers.
BTC Price Analysis: Testing Major Support
- Bitcoin faces pressure at just above $90K, breaching the 50-day and 100-day moving averages.
- The price hovers on the 200-day MA, often a key support during corrections in bullish cycles.
- Long lower wicks on recent candles suggest buyer attempts to hold this zone, though rebound strength is limited.
- Sustained break below the 200-day MA could increase downside momentum, targeting $85K–$88K levels.
- If bulls stabilize above $90K and reclaim the 100-day MA, it may indicate seller exhaustion and potential recovery.
Currently, Bitcoin is at a critical junction, with its future direction dependent on how the $90K support zone holds.