Bitcoin Faces More Downside After Recent Crash, Data Shows

Christian Encila

Last Updated: November 26, 2025 12:00 pm

3 mins read

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Bitcoin suffered a sudden and deep drop in November, losing nearly a quarter of its value and wiping out over $1 trillion across the crypto market.

Whales Trim Positions Before Crash

According to on-chain data from CryptoQuant, large holders played a central role. Wallets holding between 1,000–10,000 BTC pared back their stakes in the weeks leading up to the fall.

Those big sellers took profits after the October rally, and in many cases selling was steady rather than panicked. When large players step back like that, market depth can vanish quickly.

A quick overview of Bitcoin’s price decline shows prices slid from record highs above $126,000 in October to roughly $81,000 at the lowest point, before a partial bounce to $87k was recorded. Traders and funds were caught off guard by the speed of the move.

At the time of writing, Bitcoin was trading at $87,086, up 1.5% in the last 24 hours.

Retail Selling Added To Pressure

Based on reports, small wallets also leaned toward safety. Holders under 10 BTC and groups up to 1,000 BTC reduced positions, removing another layer of potential buyers.

Has Bitcoin Found Its Bottom? Cohorts Tell the Whole Story

“BTC may have formed a local bottom, supported by a strong rebound and accumulation from:

100–1k BTC holders.

>10k BTC holders.

However, the crucial 1k–10k BTC cohort is still distributing, preventing a full… pic.twitter.com/dGU4CBD1Bw

— CryptoQuant.com (@cryptoquant_com) November 25, 2025

Buying interest from casual investors was weaker than expected. Mid-sized holders — those with 10–100 and 100–1,000 BTC — did buy during the correction, and their activity helped slow the slide. Still, their buying power was not enough to match the large outflows.

Futures Liquidations Intensified The Drop

Reports show that futures market dynamics turned a correction into a crash. Over a 13-day stretch, long positions were forcefully closed out.

That cascade removed bids and created a chain reaction of selling that pushed Bitcoin from around $105K down to $81K. Liquidations were heavy, and the selling pressure was compounded as each forced sale fed into the next.

A Tentative Rebound Shows Life

After the lows were hit, Bitcoin climbed back to about $87,500. This rebound has been taken by some as a sign that a local bottom might be forming.

According to CryptoQuant, however, the recovery cannot be considered secure while the 1,000–10,000 BTC group keeps reducing holdings. The market’s health was being tested by who chose to sell and who chose to buy.

BTCUSD currently trading at $86,218. Chart: TradingView

Bottom Status Hinges On Whale Activity

Market watchers say a true reversal needs selling from large wallets to stop. If those whales pause, mid-sized buyers might build a firmer floor and confidence could return.

If selling continues, lower levels may be explored once again. The coming sessions will be watched closely by traders who want to see whether large holders change course or keep cashing out.

For now, the situation is simple and tense at the same time: prices have recovered slightly, but the structural weakness that allowed a 25% fall was exposed.

Bitcoin could face further losses after its recent crash, if CryptoQuant’s data is anything to go by. Large holders have been taking profits, while retail investors have also been selling, leaving fewer buyers to support the market.

Analysts say the next move will depend on whether these big holders continue selling or if mid-sized buyers step in to stabilize prices.

Featured image from Vecteezy, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.