Bitcoin’s Sharp Decline Triggers Market-Wide Fear as Prices Fall Below $104,000
The cryptocurrency market has been thrown into turmoil as Bitcoin's value plummeted below $104,000, marking a significant downturn and erasing weeks of bullish momentum. This sudden drop has not only impacted Bitcoin but also triggered a widespread sell-off across the digital asset space. The Crypto Fear & Greed Index, a critical measure of investor sentiment, has nosedived to 21, indicating 'extreme fear' among market participants. As of November 13, 2025, the market is grappling with heightened volatility and uncertainty, leaving investors questioning the short-term recovery prospects. Despite the current bearish trend, long-term believers in digital assets may see this as a potential buying opportunity, reinforcing the cyclical nature of cryptocurrency markets.
Crypto Market Plunges into Extreme Fear as Bitcoin Drops Below $104,000
The cryptocurrency market has entered a phase of severe distress, with Bitcoin leading the downturn by falling below the $104,000 threshold. This sharp decline has triggered a cascade of losses across the digital asset spectrum, erasing weeks of bullish sentiment in a matter of days.
The crypto Fear & Greed Index, a key psychological barometer for investors, has plummeted to 21—firmly in the 'extreme fear' territory. This marks a dramatic reversal from recent weeks when the index hovered near 'greed' levels. Market dynamics now reflect a wholesale shift toward risk aversion, with volatility, trading volume, and social sentiment indicators all flashing red.
What began as a correction has evolved into a full-scale sentiment reversal. The euphoria that characterized April's trading has given way to defensive positioning and capital preservation strategies. This rapid deterioration in market psychology suggests potential for continued turbulence in the NEAR term.
Bitcoin (BTC) Price Today: BTC Slips Below $105K as $1.27B Liquidations and EMA Cross Signal a $100K Retest
Bitcoin's price has dipped below the $105,000 threshold, with $1.27 billion in liquidations and an EMA crossover suggesting a potential retest of the $100,000 support level. This psychological barrier has been a critical defense line for bullish traders since May, but short-term momentum is now under scrutiny.
A controversial 1 BTC giveaway promotion on social media, allegedly worth $104,000, has sparked skepticism. The account behind the offer, BDCryptoGuru, has a history of unfulfilled promises, raising concerns about phishing scams and engagement farming.
Technically, Bitcoin is forming a head-and-shoulders pattern—a bearish reversal signal—with the neckline near $112,500. A breakdown could push prices toward $89,948, while holding above $105,000 may reignite a rally toward $110,000.
Bitcoin Price Dips to $100K as ETF Outflows Signal Waning Institutional Demand
Bitcoin's price fell to $100,630, marking a 7% daily decline and a 13% weekly drop as ETF outflows reached $617 million. Market liquidity weakened, with institutional participation showing signs of fatigue despite steady on-chain accumulation.
Glassnode's data reveals mixed signals: momentum indicators like the RSI improved modestly to 55.7, but spot trading volumes dropped 11.4% to $10.9 billion, reflecting muted retail enthusiasm. Derivatives markets softened, with futures CVD plunging to -$789.6 million and options traders increasingly hedging against downside risks.
The cryptocurrency's inability to breach the short-term holder cost basis underscores persistent caution among investors. While some accumulation persists, the lack of strong conviction suggests a market in search of clearer direction.
CleanSpark Expands Power Capacity by 28%, Secures Texas Site for AI Data Center Push
CleanSpark has announced a 28% increase in its total power capacity, marking one of its largest diversification moves to date. The company is leveraging its power infrastructure to serve the booming AI computing market, with a new Texas site strategically located on a major fiber backbone and near high-capacity natural gas pipelines.
The October 29 announcement highlights a growing trend among bitcoin miners as they pivot toward AI infrastructure amid tightening mining profits. CleanSpark's Texas acquisition is paired with a partnership with Submer, a leader in liquid-cooled data center solutions. This collaboration aims to address the intense heat generated by AI computing hardware, with Submer providing advanced cooling technology and modular systems.
CleanSpark will handle site selection, development, and operations, while Submer contributes its expertise in liquid cooling. The companies are collaborating on projects with over 1 gigawatt of current capacity and a pipeline exceeding 2 gigawatts for future development. CEO Matt Schultz emphasized the synergy between CleanSpark's energy portfolio and Submer's AI deployment capabilities.
Hut 8 Surpasses Expectations: $1.6 Billion Bitcoin Reserve & Diversification Efforts Pay Off
Hut 8 has solidified its position as a major player in the Bitcoin ecosystem, with reserves growing by over 50% in the past year to 13,696 BTC—valued at approximately $1.6 billion. The company now ranks among the top 10 largest public holders of Bitcoin.
Beyond mining, Hut 8 is strategically diversifying its revenue streams. Its subsidiary, American Bitcoin Corp (ABTC), generated $70 million from mining operations in Q3 2025, while power generation and managed services contributed $8.4 million. Colocation services added another $5.1 million, demonstrating the firm's successful pivot toward energy and high-performance computing.
The company has also secured financial flexibility through a $1 billion market-at-equity program and a $200 million revolver with Two Prime. These initiatives position Hut 8 to expand into new energy and technology ventures, further reducing reliance on Bitcoin's price volatility.
Early Bitcoin Whale Turns $15K Into $1 Billion After 14 Years
A dormant Bitcoin wallet from 2011 resurfaced, transferring 10,000 BTC worth approximately $1 billion at current prices. The original investment of $15,400—acquired when Bitcoin traded at $1.54—now stands as one of crypto's most profitable single holdings.
Analysts speculate the sale was executed over-the-counter to avoid market disruption. The transaction underscores the staggering returns possible for early adopters of Bitcoin, which was then a niche experiment among enthusiasts.
On-chain data reveals the address had been inactive since Bitcoin's infancy, serving as a testament to the power of long-term conviction in volatile crypto markets. The whale's windfall represents a 65,000x return on investment.
