Bitcoin Price Slumps as 148K BTC Dumped at Loss Near $90K
Short-term Bitcoin holders sold over 148,000 BTC at a loss as the Bitcoin price slipped to around $92,000. On-chain data from CryptoQuant shows these retail investors, who held BTC for under one month, realized losses when selling at approximately $96,853 against average purchase prices of $102,000–$107,000. Glassnode reports that 39,034 BTC were transferred to exchanges at a loss on Nov. 14, coinciding with a 13.5% drop in Bitcoin price from $107,500 to $92,900.
This panic-sell marks the largest loss realization since Bitcoin’s 25% retracement from its October $126,000 all-time high. The slide below the 50-week moving average and the Jan. 1 open at $93,000 has triggered calls for deeper corrections. Analyst Jelle forecasts another 5% dip toward $89,300 before a rebound, while AlphaBTC expects Bitcoin to test sub-$90K lows, potentially revisiting April lows near $74,000.
Prediction market Polymarket assigns a 55% chance of a weekly close below $92,000 and 35% odds of a drop toward $90,000, with a 50% probability of reclaiming $100,000. Traders should watch the $88,500–$92,000 support zone for potential entry points.
Bearish
The large-scale, loss-making sell-off by short-term Bitcoin holders indicates a significant drop in investor confidence and increases downward pressure on price. Historically, similar panic-liquidations—such as the mid-2021 correction when retail sellers dumped BTC near key moving averages—led to extended short-term declines before consolidation. Analysts warning of a sub-$90K bottom and on-chain data confirming weak hands exiting suggest continued volatility and potential further downside in the near term. However, clearing out impatient capital may set the stage for stronger hands to accumulate, forming a firmer long-term support base around $88,500–$92,000.