Key Takeaways
- • Bitcoin declined to $98,000 following a Wednesday drop to $100,700, marking a 3.5% weekly loss as long-term holders sold over 815,000 BTC in the past 30 days, intensifying downside pressure on the cryptocurrency.
- • CoinGlass data reveals $1.3 billion in cumulative long leveraged liquidity concentrated at the $98,000 support level, indicating substantial liquidation risk if price breaks below this zone.
- • Key technical resistance levels at $108,000 and $112,000 remain unactionable given current market structure, with $108,000 identified as the only currently relevant upside target for potential squeeze execution.
- • A fourth retest of the $102,000–$100,000 support band signals weakening price structure, with futures traders previously targeting $110,000 upside liquidity before the recent flush below $100,000 last Friday.
- • Analysts including Daan Crypto and Byzantine General anticipate Bitcoin will likely "sweep the lows" near $98,000, aligning June 2025 lows with current technical targets if volatility accelerates further.
Summary
Bitcoin has entered a critical consolidation phase as the asset struggles to stabilize above key support levels. Following Wednesday's drop to $100,700, BTC traded near $98,000 on November 13, 2025, down approximately 3.5% on the weekly candle. The weakness reflects sustained selling pressure from long-term holders, who have liquidated more than 815,000 BTC over the past 30 days according to on-chain data, signaling a shift in sentiment among sophisticated market participants and intensifying focus on lower liquidity pockets.
Liquidity analysis reveals a critical technical configuration emerging across Bitcoin's price map. A large cluster of liquidity sits below local lows at $98,000–$100,000, aligned with a series of marginally higher lows formed above this zone. Notably, CoinGlass data shows nearly $1.3 billion in cumulative long leveraged liquidity concentrated at the $98,000 level—a steep rise from earlier in the week—positioning this price as a major flashpoint for liquidations if downside momentum persists. This concentration reflects a tactical shift by futures traders away from their earlier upside targets near $110,000, following last Friday's flush below $100,000.
Market structure has deteriorated measurably, with a fourth retest of the $102,000–$100,000 support band signaling weakening technical strength. Analysts including Daan Crypto and Byzantine General expect Bitcoin to "sweep the lows around $98,000" if the current technical configuration breaks. While upside resistance exists at $108,000 and $112,000, only the $108,000 level is considered actionable under current market structure, with whichever band breaks first likely to trigger a sharp squeeze of trapped positions. The technical setup suggests that absent aggressive institutional buying, further downside toward the June 2025 lows near $98,000 remains the path of least resistance.
Liquidity analysis reveals a critical technical configuration emerging across Bitcoin's price map. A large cluster of liquidity sits below local lows at $98,000–$100,000, aligned with a series of marginally higher lows formed above this zone. Notably, CoinGlass data shows nearly $1.3 billion in cumulative long leveraged liquidity concentrated at the $98,000 level—a steep rise from earlier in the week—positioning this price as a major flashpoint for liquidations if downside momentum persists. This concentration reflects a tactical shift by futures traders away from their earlier upside targets near $110,000, following last Friday's flush below $100,000.
Market structure has deteriorated measurably, with a fourth retest of the $102,000–$100,000 support band signaling weakening technical strength. Analysts including Daan Crypto and Byzantine General expect Bitcoin to "sweep the lows around $98,000" if the current technical configuration breaks. While upside resistance exists at $108,000 and $112,000, only the $108,000 level is considered actionable under current market structure, with whichever band breaks first likely to trigger a sharp squeeze of trapped positions. The technical setup suggests that absent aggressive institutional buying, further downside toward the June 2025 lows near $98,000 remains the path of least resistance.
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