🚨 Young
$BTC Bitcoin Holders Panic-Sell 148,000 BTC — Analysts Warn More Downside Ahead
On November 14, newer
#bitcoin investors panic-sold 148K BTC at a loss, dumping their coins around $96,853 — well below their average buying range of $102K–$107K.
This behavior reflects a classic pattern: short-term traders panic during dips, locking in losses rather than holding through volatility.
📉 What Sparked the Panic?
• Bitcoin slid to $92,000, nearly wiping out the year’s gains
• A sharp 25% pullback from the $126K all-time high
• BTC closed the week under $100K for the first time in six months, increasing fear across the market
🔮 What Analysts Expect
Many analysts think the correction may continue before the next major move:
• Jelle: BTC is in a corrective phase, and a drop toward $89,300 is possible before a push to new highs
•
#ALPHABTC : Expects one more dip below $90K
A close below the yearly open ($93,300) could even send BTC toward $74,000
💡 Long-Term Perspective
While panic selling brings short-term pain, it often strengthens the market later.
As “weak hands” exit and long-term holders accumulate at discounted prices, Bitcoin builds a more stable base for future growth.
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