đ Whatâs Going On $BTC
Bitcoin is trading around $84,000, bouncing modestly after a steep November drop.
The month-to-date loss is severe â around -24%, putting BTC more than 30% below its all-time high near $126K.
Technicals point to $82K as key support â this level aligns with many long-term holdersâ cost basis.
If BTC breaks decisively below $80K, analysts warn it could slide further toward $75Kâ$78K.
On the upside, resistance comes into play around $86Kâ$90K â a break there might signal relief.
đ Under the Surface: Macro & On-Chain
Huge ETF flows have driven a lot of the recent movement. Earlier in November, there were record outflows.
But signs of stabilization: some net inflows returned recently, hinting at repositioning rather than full panic.
Miner stress is growing: hashprice (miner revenue) hit new lows, squeezing margins and raising the risk of BTC reserves being sold.
Investor sentiment is deeply divided â some call this âblood in the streetsâ capitulation, others still eye long-term opportunity.
đĄ Macro Risk Factors
Broader risk-off sentiment: concerns about U.S. interest-rate policy are weighing on BTC.
Historical seasonal strength in November may be misleading: longer-term data suggests the typical âNovember rallyâ isnât as reliable as many assume.
â ïž What to Watch Next
Watch $82Kâ$80K closely â a breakdown could open up more downside risk.
If BTC recovers to $90K, that could be a bullish inflection point.
ETF flow trends will be critical: whether inflows continue could guide the next leg.
On-chain data (such as long-term holder behavior and miner activity) will help confirm whether this is a capitulation bottom or just another correction.#USStocksForecast2026 #Follow_Like_Comment #followyouranalysis #WriteToEarnUpgrade #TrumpTariffs
