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Bitcoin News Today: Bitcoin Drops to $80k—Is This a Sign of Market Recovery or the Start of a Steeper Decline?

Bitcoin News Today: Bitcoin Drops to $80k—Is This a Sign of Market Recovery or the Start of a Steeper Decline?

Bitget-RWA2025/11/23 02:10
By:Bitget-RWA

- Bitcoin fell to $80,500 in November 2025, sparking debate over market bottom signals amid mixed technical indicators and whale resilience. - On-chain data shows miners and long-term holders avoid selling, while retail sell-offs and Fed policy uncertainty complicate recovery prospects. - Geopolitical tensions and crypto-linked sanctions evasion amplify volatility, contrasting with institutional participation via leveraged ETFs and transparency tools. - Analysts remain divided: some highlight historical pa

In November 2025, Bitcoin (BTC) dropped to a cycle low of $80,500, igniting discussions about whether the bear market has bottomed out or if further declines are imminent. By mid-November, the price had bounced back to $90,500, supported by on-chain metrics indicating that large holders are staying strong even as retail investors exit the market.

miners and long-term investors have refrained from selling, a trend that has often signaled market reversals in the past. Santiment observes that waves of retail selling frequently come before institutional accumulation, .

Bitcoin News Today: Bitcoin Drops to $80k—Is This a Sign of Market Recovery or the Start of a Steeper Decline? image 0
Technical signals, however, are sending mixed messages. Although has revisited a crucial support area above $90,000, the Relative Strength Index (RSI) has slipped into oversold levels, . On the other hand, that a further drop in RSI could intensify bearish attitudes, potentially driving beneath the $90,000 threshold as institutional investors retreat. (ETH) and are also under pressure, .

Broader economic trends are adding to the uncertainty.

to interest rate cuts—now given a 46% probability for December—has unsettled liquidity conditions, and BlackRock’s $523 million Bitcoin ETF outflows show investors are wary. James Thorne, a strategist at Wellington-Altus, , referencing Bitcoin’s 2019 recovery after a government shutdown, but notes that today’s environment is different due to increasing global supply and the Fed’s ongoing quantitative easing.

Geopolitical issues are further complicating market corrections. Tensions between the U.S. and China over trade and the use of crypto for sanctions evasion have heightened volatility,

that billions in illegal drug proceeds have been routed to Russia via digital currencies. At the same time, to supply advanced H200 AI chips to China, which could indicate a relaxation of tech export restrictions.

Despite short-term challenges, some experts believe the bear market may be nearing its conclusion. Madeleine Kennedy from Chainalysis highlights the role of blockchain transparency in fighting illicit activity, while

in Europe points to rising institutional involvement. that the current pullback could present a “golden opportunity,” with Bitcoin possibly consolidating between $85,000 and $93,000 before resuming its upward trajectory.

Investor sentiment remains divided.

a 45% drop in its share price after InvestingPro’s Fair Value model identified it as overvalued in September. In contrast, Eli Lilly (LLY) has become a defensive favorite during the downturn, with its obesity treatments driving unprecedented revenue growth.

As the market contends with these various forces, the $80,500 mark continues to be a key level to watch. While technical and on-chain indicators point to underlying strength, macroeconomic and geopolitical risks remain. Traders should keep an eye on Federal Reserve decisions, ETF movements, and international developments to determine if this cycle’s low will serve as a foundation for recovery or signal further declines.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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