Bitcoin’s price took a sharp dive, dropping 6.3% to $90,800, after touching a historic high of $99,500 on November 22. This pullback isn\u2019t driven by ETFs or institutional investors, but rather long-term holders, who sold off 128,000 BTC. On-chain data reveals US spot ETFs absorbed 90% of this selling pressure, highlighting robust market demand despite the drop.<\/p>\n\n\n\n
External factors are adding to the turbulence. Donald Trump\u2019s plans to hike tariffs on China, Mexico, and Canada have bolstered the US dollar, creating headwinds for Bitcoin and equity markets alike. Altcoins are also feeling the heat\u2014Ethereum, Solana, XRP, and Dogecoin have posted sharp corrections, sliding between 5% and 10% in the past 24 hours.<\/p>\n\n\n\n
However, it\u2019s not all bearish. The broader bullish structure for Bitcoin and altcoins remains intact, with dips being bought aggressively\u2014an encouraging sign of market resilience. The Greed and Fear Index, which recently hit extreme greed at 90+, has now cooled to 75, suggesting a healthier sentiment reset.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin’s price took a sharp dive, dropping 6.3% to $90,800, after touching a historic high of $99,500 on November 22. This pullback isn\u2019t driven by ETFs or institutional investors, but rather long-term holders, who sold off 128,000 BTC. On-chain data reveals US spot ETFs absorbed 90% of this selling pressure, highlighting robust market demand despite […]<\/p>\n","protected":false},"author":93,"featured_media":42996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[483,6467,6602,6536],"class_list":["post-43395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-bitcoin","tag-crypto","tag-market-update","tag-news"],"acf":{"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":false,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk.","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=43395"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43395\/revisions"}],"predecessor-version":[{"id":43400,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43395\/revisions\/43400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/42996"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=43395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=43395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=43395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}