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<ul>
 <li>Bitcoin drops 12.25% amid ongoing profit-taking and market volatility.</li>
 <li>CryptoQuant’s Ki Young Ju suggests Bitcoin may face further declines.</li>
 <li>Bitcoin’s recovery depends on macro liquidity and external market factors.</li>
</ul>
<a href="https://36crypto.com/bitcoin-faces-12-dip-in-7-days-whale-activity-and-losses-weigh-on-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC) has seen a significant 12.25%</a> decline over the past week, as ongoing volatility continues to shape the crypto market. This downturn has left many traders on edge, with some experts predicting that Bitcoin could face further declines in the short term. 
<a href="https://x.com/ki_young_ju/status/1992112830540398770" rel="noopener noreferrer nofollow">According to CryptoQuant CEO Ki Young Ju</a>, the current market is largely driven by profit-taking as investors look to lock in gains from previous rallies. 
Also Read: <a href="https://36crypto.com/solana-faces-market-decline-but-shows-signs-of-bullish-divergence/" rel="noopener noreferrer nofollow">Solana Faces Market Decline but Shows Signs of Bullish Divergence</a> 
<h2 id="strong-profit-taking-phase-and-market-pressure-strong">Profit-Taking Phase and Market Pressure</h2>
Young Ju points out that Bitcoin’s price movement reflects a typical profit-taking phase. Many investors who bought Bitcoin at lower prices are now choosing to sell in order to secure profits. This selling pressure is weighing heavily on the coin’s price, slowing down any potential recovery. 
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 Bitcoin is in a profit-taking phase. 
 The PnL Index measures profit and loss based on all wallets’ cost basis. Classic cycle theory says we're entering a bear market. 
 Only macro liquidity can override the profit-taking cycle, just as we saw in 2020. <a href="https://t.co/J200MEv3Sg" rel="noopener noreferrer nofollow">pic.twitter.com/J200MEv3Sg</a> 
 — Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1992112830540398770?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 22, 2025</a> 
 </blockquote>
 
</div>
Bitcoin’s PnL Index, which tracks the average price at which holders purchased their BTC, indicates that a large number of holders are currently in profit. This trend has historically led to increased selling activity, which in turn puts downward pressure on prices. 
The combination of this profit-taking behavior and low trading volume has contributed to a bearish sentiment in the market. Furthermore, Bitcoin’s Relative Strength Index (RSI) has entered oversold territory, signaling that the coin could hit further lows, potentially reaching $78,000 before any chance of a rebound. 
<h2 id="strong-the-role-of-liquidity-in-market-recovery-strong">The Role of Liquidity in Market Recovery</h2>
Despite the negative outlook, some notable figures in the crypto space, including Raoul Pal, maintain a long-term optimistic view. <a href="https://x.com/RaoulGMI/status/1991863314142445702?s=20" rel="noopener noreferrer nofollow">Pal suggests</a> that the current market correction is a routine cycle for Bitcoin, and that the coin will likely recover as it has in past downturns. 
However, he notes that a significant influx of macro liquidity is essential for a price reversal. Without such liquidity, Bitcoin may continue to struggle in the short term. 
Bitcoin’s future price movements will depend largely on broader market conditions. While the current profit-taking phase and reduced trading volume contribute to a bearish outlook, a major injection of liquidity could help reverse the trend and restore market confidence in the cryptocurrency. 
Also Read: <a href="https://36crypto.com/yoshitaka-kitao-early-life-and-net-worth-the-vision-behind-sbi-holdings-and-the-future-of-digital-finance/" rel="noopener noreferrer nofollow">Yoshitaka Kitao: Early Life and Net Worth – The Vision Behind SBI Holdings and the Future of Digital Finance</a> 
The post <a href="https://36crypto.com/bitcoin-faces-12-25-drop-as-profit-taking-phase-and-market-volatility-persist/" rel="noopener noreferrer nofollow">Bitcoin Faces 12.25% Drop as Profit-Taking Phase and Market Volatility Persist</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Bitcoin Faces 12.25% Drop as Profit-Taking Phase and Market Volatility Persist

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