El Salvador Buy 1,098 BTC as Bitcoin Sharp Drop Below $90K
El Salvador don start dey accumulate Bitcoin again wit $100 million buy of 1,091 BTC on November 18, bringin their weekly buys to 1,098.19 BTC and total reserves to 7,474.37 BTC. Dem holdings dey worth about $672.9 million wit unrealised gain of $264.6 million. This contrarian dip-buying happen as Bitcoin drop under $90,000, trade near $90,268 after 4.9% fall because people dey panic sell all over. Short-term holders sell off 148,000 BTC for loss—their biggest capitulation since April 2025. Since dem start one-BTC-per-day plan November 2022, El Salvador no gree with IMF calls to stop buy. State $100 million buy bring small relief, but analysts warn say if risk reduction broad, more selling fit happen. Traders go dey watch if long-term holders go take the discounted supply or if Bitcoin go fall more.
Bullish
El Salvador dins dey continue to buy Bitcoin when e price drop, e dey keep demand steady and make price no fall below $90,000, wey good well well. Even though short-term holders fit wan sell their Bitcoin and market fit dey less risky for now cause price fit go down small, government dey collect one Bitcoin every day mean say dem get long-term faith and supply dey tighten. Dis kain plan go likely help Bitcoin price grow small small with time.