Bitcoin’s price has taken a sharp downward turn over the past ten days, sliding from $107,465 on November 11, 2025, to an intraday low of $80,537 today. This recent leg down represents a fall of about 25%, before the cryptocurrency recovered slightly to the low $82,000 range. Bitcoin traded near these levels amidst increased market uncertainty that has rattled investors this month.
The drop started after Bitcoin had shown some resilience earlier in the year, but the gains it made in 2025 have now been completely erased. Just over a month ago, Bitcoin hit a high above $126,000, which now seems like a distant memory. In this recent trend, the price decline has been notable for its speed and depth, plunging Bitcoin into what many consider a renewed bear market phase where prices are down by 20% or more from recent highs.
This decline comes amid a backdrop of several economic and industry-specific factors. Analysts point to tighter global liquidity conditions driven largely by central banks, including the U.S. Federal Reserve, maintaining higher interest rates for longer than previously expected. With the Fed signaling that it might hold rates steady instead of cutting soon, risk assets such as Bitcoin have become more vulnerable. The liquidity squeeze is compounded by temporary drains on cash reserves held by the U.S. Treasury, which together pressure markets sensitive to funding conditions.
Moreover, selling by large holders or “whales” has also exerted downward pressure. These investors have been taking profits or reducing exposure as market sentiment has eroded. Realized losses have surged especially among short-term holders, indicating that some investors are capitulating to the decline.
Technical factors add to the bearish tone. Bitcoin recently experienced a “death cross,” where the 50-day moving average crossed below its 200-day moving average, a pattern often associated with prolonged downtrends. Its failure to hold above key benchmarks like the $100,000 level has pushed the market into what analysts describe as “extreme fear territory,” further dampening buying enthusiasm.
Despite the disappointing slide, some analysts suggest Bitcoin may be nearing a local bottom. Historical patterns show that sustainable price bottoms tend to form only after short-term holders have fully capitulated, exhausting selling pressure. Bitcoin’s current drop marks the second-largest pullback since U.S. spot Bitcoin ETFs launched, and some experts see signs of stabilization beginning to emerge.
Support levels are being closely watched around the $80,000 mark, where Bitcoin found its intraday low. Analysts point out the $75,000 to $80,000 zone as a potential floor where demand could start to re-enter, though volatility is expected to remain high. If Bitcoin breaches this range substantially, it could open the door to further declines, but for now, this area is considered a critical test for holding the current price levels.
While the reasons behind Bitcoin’s recent slide are multifaceted, a mix of broader macroeconomic challenges, technical sell signals, and investor behavior, the near-term outlook remains uncertain. Until there is a clear catalyst that can re-ignite confidence, Bitcoin’s price action is likely to continue reflecting the cautious sentiment pervading risk markets right now.
