A Bitcoin holder sold 500 BTC worth $45.37 million, realizing a $10.5 million loss after acquiring the position at $111,899 in October. Short-term holders realized losses of 10,200 BTC while long-term holders recorded 2,237.152 BTC in losses. Mega-whale entities accumulated over 100,000 BTC for three consecutive days as Bitcoin trades near $90,000.

Bitcoin fell approximately 18% throughout November, trading below $91,000 as the month neared its close. The decline represents one of the steepest November losses in recent years, approaching the 17% drop recorded in November 2019, according to CoinGlass. Some analysts view the pullback as a market reset that has eliminated overleveraged positions.

Bitcoin's current market behavior resembles the extreme risk-reward environment seen in early 2020, according to André Dragosch, head of research at Bitwise Europe. The asset is pricing in a recession-like scenario following recent declines and liquidations, he argues. Dragosch expects global growth may rebound as past monetary stimulus circulates through the system.

Bitcoin fell more than 20% over the past month to reach $80,000, its lowest level in seven months. The cryptocurrency has dropped over 40% from its early October peak above $126,000, marking November as its worst monthly performance since June 2022. Institutional investors including ARK Invest continue accumulating positions despite ongoing volatility.

BlackRock received 4,044 BTC valued at $354 million and 80,121 ETH worth $235 million from Coinbase, data show. The transfers represent ETF redemptions as market makers completed withdrawal processes, marking capital exiting the fund structure rather than institutional buying. Bitcoin traded near $90,898 while Ethereum remained above $3,000 during the transfers.

Former BitMEX CEO Arthur Hayes stands by his $250,000 Bitcoin price forecast for year-end despite market skepticism. He identifies $80,600 as Bitcoin's recent bottom, with the asset currently trading at $90,864. Hayes cites anticipated Federal Reserve rate cuts and the conclusion of quantitative tightening as key catalysts for the projected 170% rally.

Bitcoin mining operations in China have recovered to approximately 14% of the global hashrate by October 2025, positioning the country as the third-largest mining hub behind the United States and Kazakhstan. The resurgence follows a nationwide cryptocurrency mining ban implemented in September 2021, when Chinese miners controlled roughly 65% of global Bitcoin computing power in 2020. CryptoQuant estimates the actual share may range between 15% and 20% of global capacity.

Bitcoin rose sharply to the $92,300–$92,500 range following aggressive buy-side activity totaling approximately $1 billion. Buy-side slippage of 163 BTC marked the largest buy-pressure event in several days, pushing spot prices from $91,740 to $92,315 almost instantly, according to CryptoQuant analyst Maartunn. The move bypassed typical gradual price progression as market orders consumed liquidity rapidly.