Bitcoin continues to fall vertically, investors flee

(Dan Tri) - Bitcoin price continues to plummet, falling back to the 90,000 USD/BTC area. New investors are panicking and selling off, causing the market to shake violently in the near future.

Bitcoin has continued to fall sharply and officially lost the important milestone of 90,000 USD. The market capitalization of this digital currency has also dropped sharply to 1,790 billion USD.

Cryptocurrency players are "running away" in the wave of price fluctuations of bitcoin in particular and the cryptocurrency market in general. Online data from data company CryptoQuant shows that more than 148,000 bitcoins held by individual investors or new market entrants - holding for less than a month - have been sold at a loss.

Meanwhile, additional data from Glassnode shows that more than 20,175 bitcoins were sold by short-term holders, investors who held them for less than 155 days. This figure jumped to 39,034 bitcoins when the price of the digital currency fell to $92,000.

“This is not profit taking but a large scale stop loss,” CryptoQuant analyst Crazzyblockk said in a note.

Cryptocurrency market sentiment is deteriorating rapidly, with the Fear & Greed Index falling to 10 – the “extreme fear” threshold – marking a near nine-month low and the worst reading since late February.

“The sell-off is a combination of profit-taking from long-term investors, institutional outflows, macro uncertainty and the wiping out of leveraged positions,” Jake Kennis, senior analyst at financial firm Nansen, said in a report.

Bitcoin price continues to fall sharply (Photo: Binance).

In the options market, traders are betting on a bitcoin decline as major players have pulled out. Experts say the shift in market sentiment is fast and sharp. Bitcoin's next resistance levels will be $90,000, $85,000 and could fall as low as $80,000 if investors continue to flee.

The main reason for the prolonged decline in bitcoin is that funds and digital asset storage have accumulated large amounts of digital currency. When the market is volatile, they are forced to sell to balance their balance sheets, thereby putting further pressure on prices. This move has led to widespread negative sentiment, suggesting that many investors are suffering too large a loss to continue buying.

Big economic factors are also weighing on investor sentiment. Nvidia’s earnings report is highlighting the risks of tech speculation. Some warnings about an AI bubble are becoming clearer. Meanwhile, the US Federal Reserve could cut interest rates in December.

"I think the Fed's actions and the talk of an AI bubble are two big headwinds for crypto later this year," Adam McCarthy, a research analyst at Kaiko, said in a report. "AI risks are likely to increase and impact sentiment in the crypto space. We're seeing a sustained decline in bitcoin," he added.

Source: https://dantri.com.vn/kinh-doanh/bitcoin-lien-tuc-roi-thang-dung-nha-dau-tu-thao-chay-20251118113930453.htm