Bitcoin's November Bloodbath: Is This the End, or Just a Flesh Wound?
Alright, let's get one thing straight: anyone who thinks Bitcoin's little dip to $98K is "the end" is smoking something serious. A flesh wound? Maybe. A bad rash, even. But the end? Give me a break.
So, Bitcoin took a tumble. Big deal. November 13th, 2025, will forever be etched in the minds of crypto bros as the day they briefly considered getting a real job. $657.88 million in liquidations? Sounds like a lot, right? Well, it is. But in the grand scheme of things, it's Tuesday in crypto-land. Bitcoin Price Today: BTC Drops to $98K as $658M Liquidations Shake Crypto Market - Yahoo Finance And let's be real, it was the long positions that got rekt. $533.57 million of 'em. Serves 'em right for being over-leveraged and greedy. You know what they say about bulls and bears... pigs get slaughtered. And speaking of slaughter, this wasn't even the first time this month Bitcoin dipped below $100K. We saw it on the 4th and the 7th too. Apparently, the market has a serious case of deja vu.
Ethereum at $3,267, Solana at $147.91, XRP at $2.36... who cares? They're all just along for the ride anyway. One thing that is interesting is the ETF redemptions. Could that be the real culprit here? Are people finally waking up and realizing that these things are just another way for Wall Street to skim off the top? Maybe. Or maybe I'm just being paranoid.
Let's zoom out for a sec. This isn't some random black swan event. We're talking about a 22% correction from the October 6th peak. 22%! That's like stubbing your toe, not losing a leg. Analyst Satoshi Stacker (great name, by the way) says US-based selling pressure is to blame, pointing to a Coinbase discount. Okay, fine. But who's doing the selling? And why?
Maartunn (another amazing crypto analyst name) identified $100,000 as a key liquidity zone. No freakin' duh. It's a round number. Humans love round numbers. We build our entire financial system around them, and then act surprised when the market reacts to them.
Then there's Ghost (these guys are killing it with the handles), who pointed out that this drop ended a 189-day streak of Bitcoin closing above $100,000. So what? Streaks end. That's what they do. It's like being surprised when the sun sets. And Liz Thomas is observing a divergence with gold performance. Yeah, well, gold is for old people. Bitcoin is for... uh... people who like losing money on the internet? Actually, that sounds about right.
And what about the public reaction? Polymarket traders are pricing a 66% probability of Bitcoin hitting $95,000 this month. Cool. So, you're telling me the "wisdom of the crowd" is basically just guessing? Kalshi participants are giving 37% odds to another S&P 500 company announcing Bitcoin purchases this year. Thirty-seven percent? That's oddly specific. Are they just pulling numbers out of their asses? I bet they are.
Oh, and Q4 saw its largest forced closure day due to liquidation events. So, basically, more people got rekt.
Honestly, trying to make sense of this stuff is like trying to herd cats while juggling chainsaws. It's chaotic, unpredictable, and you're probably going to get burned. The whole thing feels like a giant casino where everyone thinks they're smarter than the house. They expect us to believe this nonsense, and honestly... I'm starting to think I need a drink.
It's a rollercoaster, plain and simple. Volatility is baked into the DNA of Bitcoin. If you can't handle the dips, get out of the pool. And for those who are screaming "the end is near," maybe take a deep breath and remember that this is just another day in the wild, wild west of crypto. The game ain't over, it's just getting started. Even if I don't understand why it started in the first place.
