Bitcoin’s Bear Market Struggles: Current Trends and Investor Sentiment

By: crypto insight|2025/11/21 04:30:12

Key Takeaways:

Bitcoin has plunged below the short-term holders’ (STH) cost basis, indicating that recent buyers face clear pressure.
The 95,000-97,000 USDT range is now a significant resistance level for Bitcoin.
Weak demand in spot markets and increased outflows from US ETFs signal absent traditional financial backing.
The options market reflects heightened demand for protective put options against potential downturns.
To recover stability, Bitcoin needs stronger buy-side support at key cost levels.

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