November 2025: What Will the Future of Bitcoin Show?

November 2025: Uncertainty and Opportunities for Bitcoin

Bitcoin started November with a mixed performance following its negative performance in October. This raises questions about whether market dynamics have changed and whether Bitcoin will drop further.

Wave of Selling in Global Markets

The recent weakness seen in the crypto and stock markets is reflected by a 3% decline in the S&P 500 index and a 10% drop in gold. Bitcoin fell to a low of $99,110 during the day but subsequently surpassed the $101,000 level. Additionally, the total market cap of cryptocurrencies dropped to $3.37 trillion, reaching its lowest level in four months.

Investors' Concerns

The aforementioned wave of selling in the crypto market has led to over $2 billion in liquidations. Ryan Yoon, a Senior Research Analyst at Tiger Research, believes that Bitcoin will hold the $98,000 level and will achieve a long-term price target of $200,000. However, the strengthening dollar poses a critical risk for investors regarding risk assets.

Changes in Market Dynamics

Tim Sun, a senior researcher at HashKey Group, notes that the decline in Bitcoin reflects significant changes in market dynamics. While downward pressure persists, he emphasizes that the $85,000 level continues to be a strong support area. Other experts highlight that the strong U.S. dollar is exerting pressure on risk assets as well.

Expectations for November

Rachel Lin, CEO of SynFutures, states that Bitcoin's current corrections tend to occur in the middle of the cycle. Historical data shows that November has provided an average return of 42% for Bitcoin over the past 12 years. Lin anticipates a cautiously optimistic period in the markets for this month.

Significance of On-Chain Data

According to CryptoQuant's analyses, the price drop of Bitcoin is driven by emotional factors. However, on-chain data indicates that the network's fundamental indicators continue to remain strong. A $10.7 billion inflow of stablecoins directed to Binance may be a potential source for future purchases. Santiment also points out that even if Bitcoin does not surpass $100,000, social data indicates that safe buying continues.

The information provided here does not constitute investment advice.