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The crypto market is experiencing one of its strongest pullbacks in weeks as
Bitcoin
5.17%
slid below $98,000 on November 14, briefly touching $97,100 while posting a 3% daily drop. More than $1.10 billion in liquidations hit the market in the past 24 hours, with long positions taking a heavy $969.37 million hit. As volatility accelerates, traders are reassessing positions and searching for stability, or even the best new crypto to buy, while the broader market tries to understand what triggered today’s sudden downturn.
Much of the pressure stems from shifting macro expectations. Markets rapidly dialed back hopes for a Federal Reserve rate cut in December, weakening appetite for risk assets across the board.
Bitcoin spot ETFs have recorded over $1.3 billion in outflows since October, and on-chain data shows long-term BTC holders offloading 815,000 BTC in just 30 days. Global uncertainty is adding weight: fresh weak data from China, ongoing tariff concerns, and falling institutional inflows have combined to create a perfect storm for crypto.
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Bitcoin’s break below the key $98,000 support level, previously defended in June, has turned sentiment bearish. The Fear & Greed Index at 21 reflects the market’s shift into high fear, and analysts warn that a failure to hold the $97,000 level could open the door to deeper downside toward $92,000–$91,000, or even a liquidity sweep into the $90,500 zone.
My $BTC target at $98.2k was smashed, here’s what I think comes next.
$92k.
Are you prepared? pic.twitter.com/wjoGuwPzG5
— Ruz (@RuzTV) November 14, 2025
Yet not all analysts are pessimistic. Many see this correction as typical mid-cycle behavior. Historically, Bitcoin corrections average around 22%, aligning closely with current market conditions. Some traders view the drop as a potential accumulation opportunity, noting that the $98,000 region has previously acted as a demand zone.
Meanwhile, reports of continued buying from certain central banks, such as the Czech Republic, signal that long-term institutional confidence remains far from broken.
With total trading volume surging to $102 billion, the next move is likely to be volatile. Whether Bitcoin consolidates above $97K or extends the correction lower, traders are closely watching for signals—and evaluating whether this pullback could highlight the best new crypto to buy during the current market reset.
Crypto Update: BTC Crashes To $96k, ETH Retests Support At $3.2k
By
In yesterday’s crypto update, the market was consolidating, waiting for a catalyst to drive a change in price action. Today, the catalyst has manifested, and not for the better.
Bitcoin
5.17%
broke through the $100,000 support level and slid to $96,550, from where it has bounced back slightly and is now trading at
.
In the last 24 hours, BTC price action slipped by more than 1.5%, with trading volume rising by 54% to $104.72 Bn, suggesting a full-blown battle between the bulls and the bears for control of its price trajectory.
(Source: CoinMarketCap)
The fall is driven in part by traders’ lack of confidence that the Fed will cut rates in December. Just a week ago, there was a 69% probability of a rate cut, which has now fallen to 51%.
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