Bitcoin’s Price Hits $96K: Is It Time to Panic or Just Wait for the Bounce?

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Hold on to your hats, crypto fans! On Thursday, the US spot Bitcoin ETFs saw an absolutely savage $870 million in net outflows, which, by the way, is the second-largest daily outflow on record. Yikes! 😱

So, what’s causing the drama? Well, Bitcoin decided to do its best impression of a rollercoaster ride, plummeting to the $96,000 mark and triggering a total of $1.10 billion in liquidations in just 24 hours. That’s like dropping your phone and watching it smash into a million pieces. 💸📉

And it’s not just Bitcoin that’s taking a hit. Ethereum ETFs joined the party with $260 million in outflows, marking their third day in the red. Meanwhile, Solana ETFs flexed their muscles, bringing in $1.49 million in inflows. I mean, good for them? 🤷‍♀️

On November 13 (ET), spot Bitcoin ETFs recorded total net outflows of $870 million, the second-largest in history. Spot Ethereum ETFs saw total net outflows of $260 million, marking the third consecutive day of outflows. U.S. spot Solana ETFs registered net inflows of $1.49…

– Wu Blockchain (@WuBlockchain) November 14, 2025

Short-Term Traders Are Basically the Drama Queens of Crypto

CryptoQuant’s on-chain data shows a huge gap between short-term and long-term Bitcoin holders. Essentially, short-term traders are the ones crying about Bitcoin’s price dip, while the long-term holders are just like, “Meh, we’ll chill.” 😎

Binance data reveals that short-term traders have been selling off like it’s Black Friday, with 49.12K BTC being dumped-one of the highest selloff numbers in months. Meanwhile, long-term traders barely flinched, unloading only 0.19K BTC. So, what’s the verdict? Short-term traders are doing the heavy lifting in the selloff. A little too much panic, maybe? 🤔

BTC net selloff dominance index, Binance. | Source: CryptoQuant

So here’s the tea: short-term traders are freaking out over every little dip, but long-term holders are sitting pretty. Historically, it’s when the long-term holders start selling that the market gets really shaky. But, for now, they’re staying zen. Namaste, folks. 🧘‍♀️

CryptoQuant’s analysts are throwing some shade on this, suggesting that if liquidity stays low and buyers keep taking naps, we could see a pretty serious pullback. Stay tuned. 👀

Prices Are Dropping, But the Volume? Not So Much.

CryptoQuant analysts have noticed a little anomaly: while Bitcoin’s price drops like it’s on a slip n’ slide, the volume is basically ghosting us. On Bitcoin’s fall to around $97,450, the volume drop was only 11,877 BTC. It’s like watching a tumbleweed roll by in a deserted town. 🏜️

Bitcoin price vs volume divergence. | Source: CryptoQuant

CryptoQuant’s volume_change indicator dropped a whopping -24,320 BTC. Translation? Prices are tumbling without the usual buying power stepping in to catch them. Sounds like a classic case of “you’re on your own, buddy!” 🙄

Stablecoins: The Crypto Version of Waiting for Your Pizza Delivery

Meanwhile, Swissblock has some optimistic news: Capital isn’t fleeing crypto, it’s just taking a little vacation. Stablecoin dominance is on the rise, as funds are sitting pretty, waiting for the right moment to jump back in. Think of it as “dry powder” ready to be deployed. But for now, it’s just chilling. 🏖️

Stablecoin dominance is surging as BTC breaks below $100K: capital is not leaving the system, it’s waiting.

There is no panic rotation into Bitcoin yet. Instead, buying power is parking in stables, a classic dry-powder accumulation. $BTC is defending $97K-$98.5K zone, but…

– Swissblock (@swissblock__) November 13, 2025

And here’s a fun little nugget: BTC is currently holding the $97K-$98.5K zone like it’s the last piece of pizza at a party. Swissblock thinks that if Bitcoin hits $95K or bounces back over $100K, it could be the best cryptocurrency to buy in December. So, maybe don’t panic just yet. 🍕💥

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2025-11-14 16:12