Bitcoin Falls Below $94,000 for First Time Since May Amid Fear Bitcoin price drop Bitcoin has fallen below $94,000 for the first time since May, reflecting a sentiment of “extreme fear” among investors. This decline indicates a significant shift in ma…

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2025.11.17 $BTC Bitcoin falls below the $95,000 mark, facing a critical test in the market amid panic selling. On November 17, Bitcoin continued its decline from the previous day, consolidating after falling below the key support level of $95,000. As of the time of writing, the quote is approximately $95,200, with a 24-hour decrease of 0.7%, down more than 24% from the yearly high of $126,200. Market panic sentiment continues to spread. The recent decline is not accidental; multiple negative factors have resonated to trigger a chain reaction. The core catalyst is the contraction of US dollar liquidity, which has led to rising interbank rates in the US, tightening institutional cash flow. In addition, Bitcoin ETFs have seen a net outflow for five consecutive weeks, with cumulative withdrawals reaching $2.6 billion, indicating a clear exit signal from institutions. More critically, long-term holders have concentrated their selling; in the past 30 days, veteran whales have sold a total of 815,000 Bitcoins, with "old-school" addresses holding for over seven years selling at a rate of more than 1,000 Bitcoins per hour. After breaking the psychological barrier of $100,000, profit-taking has further suppressed the rebound potential. Market panic has directly triggered a wave of liquidations. According to Coinglass data, nearly 100,000 investors faced liquidations in the past 24 hours, with the total liquidation amount reaching as high as $251 million, resulting in heavy losses for both bulls and bears. In addition, the U.S. Department of Justice successfully confiscated 127,000 bitcoins from an electric fraud group, breaking the myth of "absolute safety" in crypto assets, further shaking investor confidence and exacerbating panic selling. In the short term, Bitcoin will face the test of the $90,000 integer level. If U.S. dollar liquidity continues to tighten, downward pressure may further increase; if the Federal Reserve signals easing, it could trigger a technical rebound. For investors, the current market is in a complex game of liquidity, trust systems, and regulatory policies. As a high-risk asset, Bitcoin's volatility far exceeds that of traditional financial products. It is recommended to remain cautious, strictly control positions, avoid blind bottom-fishing, and wait for the market to establish a clear trend before making decisions.