Analysts Warn of Deeper Crypto Correction After Bitcoin Sinks Below $95,000
The drop tracks broader risk-off signals from Federal Reserve rhetoric, with heavy forced liquidations intensifying the move.
Overview
- Bitcoin is holding in the mid-$90,000s after dipping below $95,000 on November 14, while Ether fell about 10.9% to roughly $3,119.
- The total crypto market value slid to about $3.21 trillion, with Bitcoin near 59% of the market and Ether around 11.6%, according to CoinMarketCap.
- Coinglass recorded nearly 280,000 trader positions liquidated in 24 hours for roughly $1.37 billion, including a $44.29 million BTC‑USDT order on HTX.
- Exchanges and analysts cite weaker U.S. equities, a firmer rates stance from the Fed, cooling AI enthusiasm, and post‑shutdown liquidity uncertainty as drivers.
- Forecasts diverge, with some expecting consolidation around $95,000–$105,000 and others warning of further downside toward $87,000 or even about $77,000 after the $100,000 support break.