Bitcoin has broken below the $100,000 level for the second time this month, igniting another round of fear, doubt, and outright chaos across the market.

The drop pushes BTC into a fresh zone of retail panic, a pattern that historically sets the stage for opportunistic buying as weak hands exit the market.

And this time, the selloff comes with force.

According to Binance market data, BTC dipped under 97,000 USDT, marking its lowest level since May 8. The asset now trades around 97,375 USDT, down 4.07% in the last 24 hours. It’s another sharp move in what has become one of Bitcoin’s most volatile months of 2025.

But it’s not the price alone causing shockwaves, it’s the scale of the leverage wipeout that followed.

Bitcoin has dumped below $100K for the second time this month. Predictably, this has caused a wave of FUD and concerned social media posts from retail traders. As shown below:

: Significant bullish/greedy bias (usually when markets are getting too much FOMO, prices will go… pic.twitter.com/rowUv3xIMd

— Santiment (@santimentfeed) November 13, 2025

Market Liquidations Break $1 Billion in 24 Hours

The latest dump triggered a brutal liquidation cascade. Data from Coinglass shows:

 $1.022 billion total liquidations in 24 hours
 $887 million wiped from long positions
 $135 million from shorts

It’s a clean sweep. Overleveraged bulls got hit the hardest, creating a feedback loop that dragged Bitcoin down faster as cascading forced sells accelerated the drop.

This kind of liquidation profile usually signals one thing: retail traders were leaning heavily into high-risk leverage, expecting a bounce, and they got steamrolled.

Social media reacted immediately, and the sentiment map tells a clear story.

According to Binance market data, Bitcoin fell below 97,000 USDT, hitting its lowest level since May 8. It is currently trading at 97,375 USDT, down 4.07% in the past 24 hours. Data from Coinglass shows that total liquidations across the market reached $1.022 billion over the…

— Wu Blockchain (@WuBlockchain) November 14, 2025

Retail Sentiment Flips to Full Fear, A Historically Bullish Zone

Santiment’s sentiment analysis paints the current emotional landscape with three simple boxes:

Bullish/greedy bias – markets overheated

Neutral bias – whale-driven movements

Bearish/fearful bias – retail panic zones

Right now, Bitcoin has slipped directly into the bearish/fearful zone, indicating that retail is capitulating.

This is the exact environment where long-term players typically accumulate. Historically, heavy retail fear aligns with local bottoms because:

 Forced liquidations remove short-term leverage
 Retail panics and sells
 Whales step in and absorb liquidity
 Prices stabilize

In other words, the panic everyone sees may actually be reducing downside risk, not increasing it.

The more emotional retail becomes, the calmer experienced traders tend to get, and sentiment right now is flashing classic capitulation patterns.

CryptoQuant: “This Correction Is Driven Primarily by the United States”

While retail panic amplifies the volatility, on-chain analytics platform CryptoQuant says the deeper drivers are far more structural.

Their latest analysis highlights three key forces:

1. U.S. Liquidity Stress

American liquidity conditions have tightened. This limits risk appetite and slows capital inflows into crypto, especially from U.S. institutions.

2. Long-Term Holders Taking Profits for Tax Purposes

CryptoQuant notes a significant uptick in long-term holder (LTH) profit realization. With Bitcoin still up massively year-over-year, many U.S. holders are securing gains ahead of tax deadlines or rebalancing for the quarter.

Bitcoin’s Decline Driven by U.S. Liquidity Stress, LTH Tax-Driven Profit Taking, and Persistent American Selling

“Together, these factors form a clear narrative: the current correction is driven primarily by the United States.” – By @xwinfinance pic.twitter.com/mIPbwqgM4r

— CryptoQuant.com (@cryptoquant_com) November 14, 2025

3. Increased Selling Pressure From U.S. Based Investors

Persistent American selling has formed the backbone of the current correction. Combined with liquidity stress, the sell pressure has amplified every downward move.

CryptoQuant summarized it bluntly:

“Together, these factors form a clear narrative: the current correction is driven primarily by the United States.”

The data suggests that while U.S. markets are offloading, global demand hasn’t stepped in aggressively enough to neutralize the supply.

Market Eyes $90K: Polymarket Traders Boost Probability to 73%

While on-chain data and sentiment point toward capitulation, which usually precedes a bounce, prediction markets are leaning the other way.

Polymarket traders now assign a 73% probability that Bitcoin drops below $90,000 in the short term. That’s a big uptick and reflects a growing belief that BTC hasn’t fully flushed leverage from the system.

Prediction markets often track broader trader psychology rather than fundamentals. So while they’re not always accurate, they do show where traders are emotionally positioning, and right now, that’s clearly downward.

Volatility Returns Just as Retail Loses Confidence

Bitcoin’s pullback under $100K comes at a time when macro uncertainty and market-wide leverage clashes are creating dramatic daily swings.

A month ago, BTC seemed stable above six figures. Today, traders are on edge as every bounce gets sold into within hours.

The irony? This is exactly the kind of environment where long-term capital quietly enters.

We’ve seen this pattern repeatedly:

 Panic 
 Liquidations 
 Forced sells 
 Whale accumulation 
 Trend reversal

Retail rarely recognizes it in real time.

Sentiment, Structure, and the Road Ahead

Three dynamics now define the market:

1. Retail Panic Is Peaking

Social sentiment is deep in the bearish zone. Historically, that’s when downside risk starts to flatten.

2. Structural U.S. Selling Remains Heavy

CryptoQuant’s data suggests ongoing pressure from tax-driven profit taking and liquidity stress. These forces may continue to weigh on BTC until U.S. markets stabilize.

3. Prediction Markets Expect More Pain

Polymarket’s pricing shows traders betting on at least one more leg downward.

But markets often bottom when sentiment, leverage wipes, and fear align, and we’re close to that intersection now.

Final Outlook: A Market Sitting at the Edge

Bitcoin slipping below $100K, again, has reset expectations across the board.

Retail is fearful.
Leverage has been flushed.
U.S. liquidity remains tight.
Prediction markets lean bearish.

But beneath all the fear, Bitcoin has entered a zone that historically favors disciplined buyers over emotional sellers.

As the crypto market recalibrates, all eyes remain on whether BTC can recover above the psychological six-figure line, or whether the 73% probability of a sub-$90K retest becomes reality.

One thing is certain: volatility is back, and the next major move is loading.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Filed under: Bitcoin - @ November 15, 2025 5:25 am