At approximately 09:40 on November 16th, Bitcoin (BTC) briefly fell below $95,000 , with the latest price at $95,254 , a daily drop of about 0.73%. This indicates that the selling pressure has been fluctuating within a range for several days.
Over the past week, BTC has repeatedly tested the $ 100,000 mark. After breaking below the long-term moving average on Thursday night, the Fear & Greed Index dipped into the extreme fear zone this week, with safe-haven funds turning to gold.
Meanwhile, on-chain tokens and derivatives showed signs of profit-taking by long-term investors, continued net outflows from cryptocurrency ETFs , and weakening funding rates.
Institutional opinions are also divided. Some institutions believe this is a mid-term correction within a bull market, with structural support in the $ 91,000– $95,000 range. Others have lowered their year-end and mid-term target prices, suggesting that if the $ 100,000 level cannot be quickly recovered, the pullback could be more significant.
