Crypto Market Enters Bear Phase as Bitcoin Breaks Below $100K

The cryptocurrency market has taken a sharp turn downwards, with Bitcoin (BTC) falling below the psychologically significant $100,000 level to trade around $96,600 on Thursday, marking its lowest point since May. This decline is attributed to a broad "risk-off" selling wave across global markets, primarily triggered by a slump in U.S. tech stocks and diminishing interest from institutional investors.

Major Token Losses

Major cryptocurrencies mirrored Bitcoin's slide:

• Ether (ETH): Slipped to $3,182 (down 12% weekly).
• XRP: Traded at $2.25 (down 8.8% weekly).
• BNB: Fell to $932 (down 7.8% weekly).
• Solana (SOL): Hit $140, experiencing the steepest drop (16.5% weekly).

Bear Market Confirmation and Technical Outlook

The market structure has deteriorated, evidenced by:

• Slowed ETF inflows.
• Accelerated offloading by long-term holders.
• Depressed retail flows.

Research firm 10x confirms the market has now entered a bear phase due to the loss of structural support.

Technically:

• Bitcoin's drop below $100,266 exposed thinner liquidity regions.
• Near-term support is seen between $93,000 and $95,000. A break below this could lead to a deeper test of the $89,600 liquidity gap.
• Resistance is currently at $100,200 and higher at $107,300.

Market Uncertainty and Outlook

Analysts suggest Bitcoin's attempt to stabilize near $92,000 hinges on the outcome of next week's FOMC minutes for any "dovish lean." The market is also grappling with ETF outflows, a looming "death-cross" signal, and uncertainty surrounding economic data.

BTSE COO Jeff Mei anticipates subdued trading will likely persist as the market braces for a potential Federal Reserve pause on rate cuts in December.

Overall: Bitcoin has now erased its entire 30% gain from earlier this year. The current slide is a continuation of an unwind from its October 6th peak of $126,251, which was reached amid optimism about pro-crypto policy.

November 2025, Cryptoniteuae