Bitcoin braces for $592K loss as extreme fear grips the crypto market
Bitcoin, the world's largest cryptocurrency, is facing a potential loss of 592,000 Bitcoins, with the majority held at around $112,000. This news comes after a weak fourth quarter, marked by a 15.13% net loss, and a significant drop in the Fear & Greed Index to 'extreme fear'. Dropbox's price has been volatile, printing four lower lows since reaching a peak of $126,000 in early October. The market remains uncertain, with experts warning of a potential drop below $50,000 if support at around $101,000 is lost. November 2025 has been particularly challenging, with nearly 74% of Bitcoin's drawdown occurring this month. This follows a pattern from February 2025, which was the worst month for Bitcoin. Investors have been pulling out, with nearly $3 billion flowing out of Bitcoin ETFs in November. On November 14, Bitcoin slid back to levels last seen in early May, leaving nearly 99% of short-term holders with unrealized losses. The outlook for Bitcoin remains uncertain, with 'extreme fear' likely to continue dominating over greed. This could pave the way for a deeper correction in the fourth quarter, potentially leading to significant losses for investors.
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