Bitcoin fell decisively below the psychological threshold of $100,000, signaling fading momentum and rising risk aversion. On Nov. 14, 2025, the cryptocurrency traded around $97.114,91 after a 5,65% drop in 24 hours, with a market valuation near $1,94 trillion and a $115.660 billion trading volume in the same window. The move affects both institutional and retail investors who had bet on the continuation of the rally.
A tighter macro backdrop intensified the risk-off shift. Reports on Nov. 14, 2025 indicated the Federal Reserve ruled out expectations of a December cut, pressuring risk assets and weighing on Bitcoin. Institutional funds recorded three consecutive weeks of net outflows, reinforcing the selling pressure on the asset.
Long-term holders are said to have liquidated more than 815.000 BTC in the past month, adding supply from typically defensive positions and accelerating the correction. Risk aversion also pushed flows toward stablecoins, with Tether (USDT) dominance at its highest since April, a classic safe-haven signal cited by CoinDesk.
Sentiment metrics reflected stress: the fear and greed index registered 23 (“Extreme Fear”), a level often associated with higher volatility and demand for protection in derivatives. Derivatives activity favored downside hedges, concentrated around $95,000 and $90,000 strikes, suggesting positioning for continued weakness.
Context and Bitcoin market impact
Technical pressures compounded the selloff, with a potential “death cross” as the 50 EMA threatened to fall below the 200 EMA; a decisive break under $98,000 could, according to market voices cited, open room toward $80,000. The decline spread across the crypto complex and into equities, as Ethereum fell over 9%, Solana nearly 8%, XRP and Dogecoin around 7%, and even US stock indices felt the risk-off flow.
The combination of long-term selling, institutional outflows, and macro pressure poses a high short-term risk to liquidity and confidence. For miners, treasuries and ETF managers, the environment implies greater flow volatility and potential forced rebalancing; for traders, it raises the probability of leveraged liquidations.
The next catalyst to watch is the evolution of Fed policy and incoming macro data, which could either reverse or reinforce the trend. Until then, the market will gauge whether large wallet purchases — said to have absorbed some 45.000 BTC in the past week — can stem the decline, or if technical pressure pushes prices lower.
