Key Takeaways
- Bitcoin fell to $98,400, its lowest level in six months.
- More than $960M in liquidations hit the market.
- Long-term holders sold 815K BTC over 30 days.
- Ethereum and XRP approach key support zones.
- A BTC move back toward 120K is possible if sentiment stabilizes.
Why Crypto Is Down Today: Bitcoin Hits Six-Month Low as Market Stress Intensifies
Crypto markets slid sharply on November 14, 2025, with Bitcoin plunging to a six-month low near $98,400, sparking renewed debate over market stability, leverage risk, and the broader macro backdrop. Heavy liquidations, weak economic data, and elevated geopolitical tension created a perfect storm that hit traders across the board.
Bitcoin Dips Below 100K as Liquidations Surge
Bitcoin’s break below the psychological $100,000 level was fueled by more than $960 million in leveraged positions wiped out, including $827 million from Bitcoin alone. Long-term holders contributed to the sell-off, unloading 815,000 BTC over the past month, a rare level of distribution that added heavy supply pressure.
Also Read: Why Are Bitcoin and Crypto Prices Falling Today? A Temporary Dip Ahead of a Potential Comeback
Rising global uncertainty, delayed inflation data, and disappointing U.S. job numbers deepened the pullback. Mining stocks and major crypto firms followed Bitcoin lower, reinforcing the risk-off mood.
Volatility Spike Triggers Rapid Deleveraging
Within a single hour, more than $300 million in long positions were liquidated as volatility spiked. The rapid move caught overleveraged traders off guard, underscoring the dangers of crowded positioning during periods of thinning liquidity.
Analysts warn that as long as offshore exchanges maintain elevated leverage while CME traders scale back, market structure remains vulnerable to sharp downside resets.
Macro Voices and Market Reactions
Gold advocate Peter Schiff resurfaced in the conversation, noting that Bitcoin has now fallen below 100K nearly a year after first breaking the barrier. With gold up more than 60% in that period, he argued that BTC’s volatility remains its biggest liability.
Also Read: What Is Bitcoin Halving?
Meanwhile, XRP and Ethereum also faced pressure. XRP trades near the 2.20–2.26 demand zone, at risk of deeper downside, while Ethereum eyes support between 2,800 and 3,000 before attempting targets at 4,955 and 5,766.
Rebounds Emerge — But Caution Still Dominates
Both Bitcoin and Ethereum briefly bounced from key bottoms, with BTC reclaiming the 97K zone and ETH lifting from 3K. If stability returns and U.S. restrictions ease as expected, analysts say a BTC push toward 120K remains possible. For now, however, traders are urged to wait for stronger structure and confirmation.
A Reset Before the Next Move
Crypto’s downturn today reflects a combination of macro stress, leveraged excess, and structural caution across major assets. Until a clean daily reversal appears — especially for Bitcoin — short setups and defensive positioning remain the smarter play.
