The cryptocurrency market witnessed a significant downturn on November 14, 2025, as Bitcoin experienced a sharp correction, shattering key psychological support levels and triggering widespread panic among leveraged traders. This sudden decline has reset market expectations and brought crucial technical zones into focus.
Bitcoin's Steep Decline
On November 14, Bitcoin plunged to $97,031, decisively breaking below the critical $100,000 mark. This represented a substantial 23% drop from its all-time high of $126,000 reached in October, effectively erasing five months of gains and pushing the digital asset back to levels last seen in early May 2025. The selloff was further confirmed by a significant spike in trading volume, indicating genuine market distribution and potentially forced selling from margin calls, with the price also breaking below its 20-day moving average.
Massive Liquidations Rock Leveraged Positions
The dramatic price action unleashed a torrent of liquidations across major exchanges, with nearly half a billion dollars ($448.48 million) in long positions wiped out. Data revealed a particularly lopsided scenario, where long bets outnumbered short positions by a twelve-to-one margin, underscoring the extent of overleveraging in the market. Exchanges like Hyperliquid ($177.098 million), Bybit ($134.365 million), and Binance ($20.92 million) bore the brunt, signaling a systemic shock to traders betting on continued upward momentum.
Critical Support and the Path Forward
The immediate focus now shifts to the $94,000-$95,000 zone, which stands as a major support level for Bitcoin. A successful defense of this zone could provide a much-needed reset for bulls, while a breach risks triggering a further cascade towards the high $80,000s. Despite the recent turbulence, Bitcoin remains up 14-16% year-to-date, prompting a crucial question: is this a healthy market correction or the precursor to a deeper downtrend?
