fire

Young

Bitcoin

April

Key takeaways:
<ul>
 <li>Newer Bitcoin investors sold over 148,000 BTC at a loss on Friday.</li>
 <li>Analysts agree that pushing Bitcoin’s price below the Jan. 1 open at $93,000 could trigger a fresh downtrend to areas below $90,000.</li>
</ul>
 Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) price dropped to $92,000 on Sunday, erasing nearly all of this year’s gains as the <a href="https://cointelegraph.com/news/us-shutdown-ends-crypto-progress-continues-as-trump-signs-bill?utm_source=rss_feed&amp;utm_medium=feed&amp;utm_campaign=rss_partner_inbound" rel="noopener noreferrer nofollow" target="_self">end of the US government shutdown</a> failed to improve investor sentiment. This has led investors and traders to reevaluate their risks and stay cautious, with the most recent buyers selling their BTC at a loss.
<h2 id="bitcoin-weak-hands-realize-losses">Bitcoin “weak hands” realize losses</h2>
Bitcoin has retraced 25% from its <a href="https://cointelegraph.com/news/Key%20takeaways:%20Bitcoin%20price%20deviated%2017%%20from%20its%20all-time%20high%20on%20Tuesday,%20dropping%20to%20%24104,000.%20Overleveraged%20crypto%20traders%20were%20liquidated%20out%20of%20nearly%20%241.3%20billion%20in%20the%20past%2024%20hours.%20Traders%20say%20Bitcoin%20needs%20to%20quickly%20reclaim%20%24105,000%20to%20avoid%20a%20deeper%20correction%20toward%20%24100,000.%20%20%20Bitcoin%20bears%20extended%20the%20sell-side%20activity%20into%20the%20European%20Trading%20session%20on%20Tuesday%20as%20the%20drop%20to%20%24104,550%20resulted%20in%20a%20large%20liquidation%20of%20leveraged%20positions%20across%20the%20crypto%20market.%20%20BTC/USD%20daily%20chart.%20Source:%20Cointelegraph/TradingView%20Bitcoin%20wipes%20out%20liquidity%20in%20tumble%20to%20%24104,000%20BTC%20price%20fell%20as%20low%20as%20%24104,130%20on%20Tuesday,%20reversing%20Sunday%E2%80%99s%20spike%20to%20%24111,000%20as%20derivatives%20traders%20adopted%20a%20risk-off%20stance.%20This%20extended%20the%20deviation%20from%20the%20Oct.%206%20all-time%20high%20of%20%24126,000%20to%2017%%20and%20was%20accompanied%20by%20massive%20liquidations%20across%20the%20derivatives%20market.%20Related:%20Retail%20investors%20'retreat%E2%80%99%20to%20%2498.5K:%205%20things%20to%20know%20in%20Bitcoin%20this%20week%20More%20than%20%241.19%20billion%20in%20long%20positions%20were%20liquidated,%20with%20Bitcoin%20accounting%20for%20%24359.5%20million%20of%20that%20total.%20Ether%20(ETH)%20followed%20with%20%24155%20million%20in%20short%20liquidations.%20Across%20the%20board,%20a%20total%20of%20%241.33%20billion%20was%20wiped%20out%20of%20the%20market%20in%20short%20and%20long%20positions,%20as%20shown%20in%20the%20figure%20below.%20%20Crypto%20liquidations%20(screenshot).%20Source:%20CoinGlass%20Large%20clusters%20of%20long%20liquidations%20can%20signal%20capitulation%20and%20potential%20short-term%20bottoms,%20while%20heavy%20short%20wipeouts%20may%20precede%20local%20tops%20as%20momentum%20flips.%20%20The%20single%20biggest%20liquidation%20occurred%20on%20HTX,%20where%20a%20%2447.87%20million%20BTC-USDT%20long%20was%20closed%20out.%20Additional%20data%20from%20CoinGlass%20showed%20a%204%%20drop%20in%20Bitcoin%E2%80%99s%20futures%20open%20interest%20(OI)%20over%20the%20last%2024%20hours%20across%20all%20exchanges.%20The%20decline%20was%20more%20pronounced%20on%20the%20Chicago%20Mercantile%20Exchange,%20whose%20Bitcoin%20OI%20has%20fallen%20by%209%%20over%20the%20last%2024%20hours.%20%20https://x.com/coinglass_com/status/1985609384588951645%20%20Still,%20with%20open%20interest%20remaining%20above%20%2467%20billion%20and%20funding%20rates%20easing%20only%20slightly,%20traders%20appear%20wary%20of%20further%20price%20drops.%20%24100,000%20is%20now%20Bitcoin%E2%80%99s%20last%20line%20of%20defence%20BTC%E2%80%99s%20swept%20lows%20below%20%24105,000,%20leaving%20questions%20among%20traders%20about%20where%20Bitcoin%20is%20likely%20to%20find%20support.%20%E2%80%9CAfter%20a%20bunch%20of%20attempts,%20bears%20have%20finally%20forced%20their%20#Bitcoin%20breakdown,%E2%80%9D%20said%20popular%20trader%20Jelle%20in%20a%20Tuesday%20post%20on%20X.%20%20According%20to%20Jelle,%20Bitcoin%20was%20required%20to%20reclaim%20the%20%24105,000-%24107,000%20zone%20to%20avoid%20a%20deeper%20correction%20toward%20%24100,000.%20%20%E2%80%9CThe%20next%20area%20of%20support%20is%20%24100K.%E2%80%9D%20%20BTC/USD%20daily%20chart.%20Source:%20Jelle%20Bitcoin%20trader%20AlphaBTC%20said%20a%20daily%20candlestick%20close%20below%20yesterday%E2%80%99s%20low%20around%20%24105,300,%20%20could%20trigger%20a%20fresh%20downward%20leg%20below%20the%20%24100,000%20psychological%20level.%20https://x.com/mark_cullen/status/1985562767743660084%20%20As%20Cointelegraph%20reported,%20bulls%20are%20expected%20to%20aggressively%20defend%20the%20%24100,000%20level,%20as%20a%20break%20below%20it%20may%20plunge%20Bitcoin%20into%20a%20new%20downtrend." rel="noopener noreferrer nofollow">all-time high of $126,000</a> set on Oct. 16. The drop below the 50-week moving average and the weekly close b<a href="https://cointelegraph.com/news/bitcoin-hits-6-month-low-as-ai-fears-add-to-risk-off-mood-how-are-pro-traders-positioned" rel="noopener noreferrer nofollow">elow $100,000 for the first time in six months</a> have cemented a more risk-off stance among Bitcoin investors.
Onchain data from CryptoQuant showed that over 148,000 BTC held by retail or newer entrants — those with less than 1 million BTC and having held for less than one month — were sold at a loss on Nov. 11.
Related: <a href="https://cointelegraph.com/news/btc-price-bull-market-lost-5-things-bitcoin-this-week" rel="noopener noreferrer nofollow">BTC price bull market lost? 5 things to know in Bitcoin this week</a>
“This fire sale occurred with Bitcoin at roughly $96,853, a level far beneath their average purchase price of between $102,000 and $107,000,” said CryptoQuant analyst Crazzyblockk in a <a href="https://cryptoquant.com/insights/quicktake/6919883373ffab7004652214-New-Money-Bleeds-148K-BTC-Dumped-at-a-Loss-Under-100K?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=crazzyblockk" rel="noopener noreferrer nofollow" target="_blank">Quicktake analysis</a> on Sunday, adding:
<blockquote>
 “This was not profit-taking; this was a significant loss realized on a monumental scale.”
</blockquote>
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a9256-03f6-7cce-8887-60b35784aa14" title="" alt="Young Bitcoin holders panic sell 148K BTC as analysts call for sub-$90K BTC bottom">
 <figcaption style="text-align: center;">
 Bitcoin holders net daily change. Source: CryptoQuant
 </figcaption>
</figure>
Additional data from Glassnode <a href="https://studio.glassnode.com/charts/transactions.TransfersVolumeSthToExchangesLossSum?a=BTC&amp;s=1752996825&amp;u=1755588825&amp;zoom=30" rel="noopener noreferrer nofollow" target="_blank">revealed</a> that more than 20,175 BTC were transferred by short-term holders — investors who have held the asset for less than 155 days — to exchanges at a loss on Thursday. This surged to 39,034 BTC on Nov. 14, coinciding with a 13.5% drop in BTC’s price to $92,900 from $107,500.&nbsp;
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a9256-0a7b-7f17-9787-585aafb8c158" title="" alt="Young Bitcoin holders panic sell 148K BTC as analysts call for sub-$90K BTC bottom">
 <figcaption style="text-align: center;">
 Bitcoin: Transfer volume by STH in loss to exchanges. Source: Glassnode
 </figcaption>
</figure>
This activity underscores a familiar behavioral pattern where <a href="https://cointelegraph.com/news/will-bitcoin-price-fall-to-110k-short-term-holders-sell-22k-btc-at-a-loss" rel="noopener noreferrer nofollow">short-term speculators panic-sell</a> during market dips, frequently realizing losses.
These investors are&nbsp; likely facing their first major downturn and “chose to lock in a loss rather than risk steeper declines, transforming their paper losses into real ones,” the analyst said, adding:
<blockquote>
 “The sheer volume of 148,000 BTC being dumped at a loss represents a flushing out of impatient capital. While it signifies intense short-term pain, this transfer of coins from panicked sellers to steadfast buyers at a discounted price can solidify a stronger long-term base.”&nbsp;
</blockquote>
<h2 id="bitcoin-price-could-drop-below-90-000-before-rebounding">Bitcoin price could drop below $90,000 before rebounding</h2>
Bitcoin’s latest drop below the 50-week moving average has several traders and analysts calling for deeper price corrections to sub-$90,000 levels.
Crypto analyst Jelle <a href="https://x.com/CryptoJelleNL/status/1990366743089287590?s=20" rel="noopener noreferrer nofollow" target="_blank">said</a> the price was “in a yet another corrective period, inside a larger #Bitcoin uptrend.”
Jelle added that Bitcoin is ”likely chop until the end of the year or perhaps dip 5% lower, and then start pushing up again toward new highs.”
A 5% drop from the current levels would see the BTC/USD pair <a href="https://cointelegraph.com/news/bitcoin-og-whales-keep-cashing-out-threatening-btc-price-drop-90k" rel="noopener noreferrer nofollow">extend the downtrend to $89,300</a>.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a9256-126e-7c8b-99b4-8228b48207e5" title="" alt="Young Bitcoin holders panic sell 148K BTC as analysts call for sub-$90K BTC bottom">
 <figcaption style="text-align: center;">
 BTC/USD weekly chart. Source: Jelle
 </figcaption>
</figure>
Bitcoin analyst AlphaBTC said, “Bitcoin is due for a bounce,&nbsp;but … there is still one more dip below $90K to come.”&nbsp;
According to AlphaBTC, a close below the yearly open at $93,300 could see the price drop lower, possibly bottoming around April lows of $74,000.
<blockquote class="twitter-tweet">
 📈<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> End of Year game plan 📈 Bitcoin is due a bounce, but I have a sneaky feeling there is still one more dip below 90K to come, before it happens. Then we wait for more Rates and Jobs data, which could still be a while in coming, BUT when it does i think the last big… <a href="https://t.co/CXJ6FVanLf" rel="noopener noreferrer nofollow">pic.twitter.com/CXJ6FVanLf</a>— AlphaBTC (@mark_cullen) <a href="https://twitter.com/mark_cullen/status/1990283252830023961?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 17, 2025</a>
</blockquote>
Meanwhile, prediction market platform Polymarket projects different price outcomes for the rest of the week. The most <a href="https://polymarket.com/event/what-price-will-bitcoin-hit-august-18-24?tid=1755595813655" rel="noopener noreferrer nofollow" target="_blank">likely outcome for BTC </a>is now $98,000 at 70%, while a close below $92,000 is at 55% probability, and 35% odds of a drop toward $90,000. The chances of the price reclaiming $100,000 are at 50%.&nbsp;
As <a href="https://cointelegraph.com/news/btc-price-bull-market-lost-5-things-bitcoin-this-week" rel="noopener noreferrer nofollow">Cointelegraph reported</a>, Bitcoin could extend its downtrend to fill orders at the bid within the $88,500 to $92,000 zone.&nbsp;
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Young Bitcoin holders panic sell 148K BTC as analysts call for sub-$90K BTC bottom

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