Summary of this article
Bitcoin fell sharply as long-term holders sold $45 billion.
Prices slipped below $100,000, extending weekly losses to 6.74 per cent.
Market may stabilize, but further drops toward $85,000 expected.
Bitcoin continued its fall this week as well, as renewed selling by long-term holders added pressure on the world’s largest cryptocurrency. The token briefly slipped below the $100,000 mark earlier in the week before recovering slightly. According to analysts, profit-booking by sellers has been the key reason behind this continued slide.
Bitcoin prices slipped 1.17 per cent to $102,254.23 on November 7, 2025, extending its weekly loss to about 6.74 per cent. At the time of writing, the cryptocurrency was trading 18.96 per cent below its all-time high of $126,198, which it touched exactly a month ago on October 7. Earlier this week, the cryptocurrency fell by as much as 7.40 per cent on November 4, briefly dropping below the $100,000 mark for the first time since June 2025.
Long-term holders have been actively selling Bitcoin, with roughly 400,000 Bitcoin, worth about $45 billion, having been moved out of long-term positions over the past month, according to Markus Thielen, head of 10x Research. According to Bloomberg, this steady selling is different from last month’s crash, which was primarily driven by leveraged liquidations in the futures markets.
In the past 24 hours, liquidations totalled $585.16 million, reflecting continued market volatility. Bitcoin futures also show low open interest, while options traders are betting on a downside through put contracts targeting the $80,000 level. With leverage relatively limited, focus has now shifted to long-term holders who are actively selling the cryptocurrency.
Vetle Lunde, head of research at K33, told Bloomberg that over 319,000 Bitcoin has been reactivated in the past month, mostly from coins held between six and twelve months. He noted that while some of this reactivation reflects internal transfers, a significant portion represents genuine profit-taking.
Previously, Thielen had said that mega whales, entities holding between 1,000 and 10,000 Bitcoin, began offloading large volumes, even as institutional players tried to absorb the supply. This contributed to Bitcoin’s choppy, sideways movement during the summer of 2025. Since the October 10 crash, broader demand has weakened, and accumulation by holders of 100-1,000 Bitcoin has declined sharply.
According to Thielen, this selling trend is likely to continue into next spring, similar to what had occurred during the 2021–2022 bear market when over one million Bitcoins were sold by large holders over almost a year. He said a major crash is unlikely, though the market may stabilise for a while and Bitcoin may reach up to $85,000.
