Nov 27, 2025
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Bitcoin Struggles Below $90K Amid Major Long-Term Holder Sell-Off
Bitcoin is currently facing challenges below the $90,000 level, with ongoing selling pressure influencing market sentiment. Recent price declines have shifted analyst perspectives from bullish to potentially entering a bear market.
- Momentum has reversed, liquidity has decreased, and Bitcoin has not reclaimed crucial resistance levels.
- Investors are closely monitoring the high-$80K region for potential support or further decline.
Long-Term Holder Distribution Signals Major Cycle Shift
- Long-Term Holders (LTH) have significantly reduced their positions by 1.57 million BTC as prices approach $80,000.
- LTH supply dropped from 15.75 million BTC to 13.6 million BTC, indicating a major sell-off phase.
- Recent selling by LTHs is reminiscent of previous market tops and suggests a possible transition to a weaker phase.
BTC Attempts Stabilization After Sharp Breakdown
- Bitcoin dropped sharply from $120K to near $80K, with current trading around $86,800.
- The price remains under key moving averages, suggesting continued downside momentum.
- Recent volume spikes during selloffs indicate forced liquidation rather than orderly selling.
- A base above $85K is crucial for bulls to prevent further declines toward $78K or $72K.
