Bitcoin price prediction: BTC struggles to rebound as whales accumulate during retail panic
Bitcoin price extended its losing streak on Wednesday, November 19, as selling pressure from short-term holders deepened and prices briefly fell below the $90,000 mark for the second time this week. During the Asian session, Bitcoin plunged 3% from Tuesday’s close at $92,900 to touch $90,000 before recovering slightly to trade near $90,700 in the early hours of the European session. The renewed weakness follows yesterday’s volatile session, during which Bitcoin fell to a seven-month low of $89,200 before rebounding into the close.
- Bitcoin dropped 3% to $90,000 before slight recovery, marking renewed bearish momentum.
- Over $160 million in long liquidations signal leverage flush-out across major exchanges.
- Whale wallets holding over 1,000 BTC hint at institutional accumulation amid panic.
The sharp declines triggered another wave of long liquidations totaling over $160 million across major exchanges, signaling that bullish traders are still being flushed out of the market. On-chain data from Glassnode shows that short-term holders sent roughly 65,200 loss-making coins, valued at about $6.08 billion, to exchanges over the past 24 hours. This reflects panic among recent entrants who have been offloading positions as the broader market sentiment deteriorates. Binance’s fear and greed index has dropped to one of its lowest readings of the year, indicating deep fear in the retail segment.

Bitcoin price dynamics (Nov 2025). Source: Tradingview
In contrast, long-term holders appear to be viewing the price capitulation as a buying opportunity. The number of Bitcoin wallets holding at least 1,000 BTC has risen to a four-month high of 1,384. Historically, this type of divergence—where smaller holders exit and whales accumulate—has often preceded medium-term recoveries, though it does not necessarily signal an immediate bottom. This growing accumulation among large holders suggests institutional confidence remains intact even as speculative interest fades.
Bitcoin bearish structure persists below clustered EMAs between $93,400 to $100k
Technically, Bitcoin’s chart structure remains bearish. Since the start of November, price action has been confined below the 20, 50, and 100 exponential moving averages on the 4-hour timeframe. The 20 EMA currently sits near $93,400, while the 50 EMA aligns at $96,500 and the 100 EMA at $100,000. These clustered resistance zones represent formidable obstacles for any short-term recovery attempt. Until a break above these levels occurs, momentum remains skewed to the downside.
The daily RSI has now dipped into oversold territory below 30, suggesting the market could be nearing exhaustion in selling pressure. However, the absence of volume support on rebounds indicates that any relief rally may be temporary. If Bitcoin fails to hold above $90,000, further downside toward the $85,000 psychological support could unfold. Conversely, a decisive reclaim above $94,000 could pave the way for a technical recovery toward $97,000, though broader sentiment remains fragile.
We discussed how Bitcoin dropped 3% to $89,550, its lowest level in seven months. Whale addresses rose 2.2% to 1,384, hinting renewed long-term accumulation during the selloff.
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