Bitunix analyst: Bitcoin big dump to 96,000, the market enters a new stage of Bear Market, key defense line tests 93,000.According to Mars Finance, on November 14, the crypto market experienced a new round of dumping, with Bitcoin falling below the psychological barrier of 100,000 USD, hitting a low of 96,600 USD, refreshing the lowest point since May. As the tech sector of the US stock market plummeted and risk aversion sentiment rose again, the large funds that previously supported the market, along with ETF allocations and corporate buying, quickly withdrew, causing the market structure to turn fragile. 10x Research confirmed that the market has entered a Bear Market stage, pointing out that weakened ETF fund flows, accelerated reduction of positions by long-term holders, and low participation from retail investors are the main reasons currently. From the market data structure, after BTC lost the mid-axis of the monthly line at 100,266 USD, the price is accelerating to retest the lower liquidity area. The short-term support level is located in the range of 93,000 USD to 95,000 USD; if it breaks below, the next liquidity gap may shift down to 89,600 USD.
MarsBitNews·2025-11-14 08:51