NewsBTC
Nov 14, 2025
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Bitcoin Drops to $96,000 Amid Heavy Selling and Risk Aversion

Bitcoin's price dropped to $96,000 due to heavy selling and reduced risk appetite, causing more than $700 million in long positions to be liquidated. November sees a decline of over 10%.

Whale Transfers & Market Impact

  • A wallet linked to trader Owen Gunden moved 2,400 Bitcoin ($237 million) to the Kraken exchange.
  • Long-term holders' daily spending increased from 12,000 BTC in July to 26,000 BTC recently, indicating a pattern of orderly distribution rather than a mass exit.
  • Bitcoin's price fell below $100K for the second time this month, causing fear among retail traders.

Market Signals & Analysis

  • Vincent Liu from Kronos Research noted structured selling is typical in late market cycles but does not signify a peak if buyers remain active.
  • The net unrealized profit ratio for Bitcoin suggests potential short-term lows, but must be considered with liquidity and macro conditions.

Influence of Broader Market Trends

  • The cryptocurrency drop coincided with declines in crypto-related stocks; Nasdaq fell 2%, S&P 500 down 1.3%.
  • Major firms like BlackRock, Binance, and Wintermute sold over $1 billion in Bitcoin, contributing to a quick 5% price drop.
  • The Crypto Fear & Greed Index hit 15, indicating extreme fear among traders.