📉 What’s Going On $BTC
Bitcoin is trading around $84,000, bouncing modestly after a steep November drop.
The month-to-date loss is severe — around -24%, putting BTC more than 30% below its all-time high near $126K.
Technicals point to $82K as key support — this level aligns with many long-term holders’ cost basis.
If BTC breaks decisively below $80K, analysts warn it could slide further toward $75K–$78K.
On the upside, resistance comes into play around $86K–$90K — a break there might signal relief.
🔍 Under the Surface: Macro & On-Chain
Huge ETF flows have driven a lot of the recent movement. Earlier in November, there were record outflows.
But signs of stabilization: some net inflows returned recently, hinting at repositioning rather than full panic.
Miner stress is growing: hashprice (miner revenue) hit new lows, squeezing margins and raising the risk of BTC reserves being sold.
Investor sentiment is deeply divided — some call this “blood in the streets” capitulation, others still eye long-term opportunity.
💡 Macro Risk Factors
Broader risk-off sentiment: concerns about U.S. interest-rate policy are weighing on BTC.
Historical seasonal strength in November may be misleading: longer-term data suggests the typical “November rally” isn’t as reliable as many assume.
⚠️ What to Watch Next
Watch $82K–$80K closely — a breakdown could open up more downside risk.
If BTC recovers to $90K, that could be a bullish inflection point.
ETF flow trends will be critical: whether inflows continue could guide the next leg.
On-chain data (such as long-term holder behavior and miner activity) will help confirm whether this is a capitulation bottom or just another correction.#USStocksForecast2026 #Follow_Like_Comment #followyouranalysis #WriteToEarnUpgrade #TrumpTariffs
