Bitcoin faced resistance between $99,386 and $100,972 before pulling back to a key support zone spanning $93,000 to $97,000. The retreat formed another lower low, reinforcing near-term bearish pressure, according to analyst More Crypto Online. Bulls must defend this range to prevent further downside toward $91,322–$82,523.

Michael Saylor, executive chair of Strategy, denied reports that the company sold approximately 47,000 BTC during the recent market downturn. The denial came as Bitcoin dropped below $95,000, falling more than 4% in 24 hours. Strategy continues to hold roughly 640,000 BTC, maintaining its position as the largest corporate Bitcoin holder.

Large institutional buyers acquired more than $1 billion worth of Bitcoin and Ethereum via over-the-counter channels during November 2025 despite declining prices. Data show one address accumulated nearly 40,000 ETH while Anchorage Digital received 4,094 BTC—approximately $405 million—from major OTC desks. The private accumulation contrasted with spot ETF outflows totaling $869 million for BTC and $260 million for ETH during the same period.

The United States national debt surpassed $38.118 trillion as of November 6, Treasury data show. When measured in Bitcoin at $103,500 per coin, the debt equals approximately 368.3 million BTC. Since January 20, the debt has increased by roughly $1.9 trillion, equivalent to about 18.36 million BTC at that price—more than a century of Bitcoin's current annual issuance rate.

CryptoQuant CEO Ki Young Ju identifies the $94,000 level as a critical threshold for Bitcoin's market structure, representing the average entry price for holders who accumulated between six and twelve months ago. Blockchain data shows a sustained break below this cost basis would mark the first credible signal of a bear cycle, as long-term investors transition from profit to loss. The framework prioritizes observable thresholds over speculative narratives, offering traders a concrete metric for cycle assessment.

Bitcoin dropped to $94,755 in the past 24 hours before recovering toward $96,000. The decline follows nearly $1.0 billion in net outflows from Bitcoin-focused investment products during the week ending November 3, according to fund data. The price action marks a retreat from early-November highs near $110,000.

Bitcoin is trading around $95,900 after falling 3.5% in 24 hours and 5.5% over the past week. The Fear & Greed Index has declined to 22, entering "Fear" territory and reflecting growing investor anxiety. Some analysts are identifying a potential Wyckoff Distribution pattern, with a measured downside target of $86,000.

Bitcoin fell to $97,031 on November 14, breaking below the $100,000 support level with a 2.59% decline. The drop triggered $448.48 million in leveraged long liquidations across major exchanges. The cryptocurrency has declined 23% from its October peak of $126,000.