The post Bitcoin Price Crash Not Over Yet, CryptoQuant Data Reveals Why appeared first on Coinpedia Fintech News
Bitcoin’s sudden 20% drop in November shocked the entire crypto market, wiping out over $1 trillion in value. After reaching record highs above $125,000 in October, the price fell sharply to around $81,000 before recovering slightly to $87,236.
Now many traders are asking, “Has Bitcoin finally found its bottom?.” Here’s what leading on-chain data provider CryptoQuant thinks so.
Big Whales Took Profits, Let Bitcoin Crash
According to CryptoQuant analysis, the recent bitcoin crash wasn’t just panic selling, it was a complex mix of whale behavior, retail pressure, and heavy futures liquidations.
For weeks before the crash, wallets holding 1,000–10,000 BTC slowly reduced their positions. These large players, including institutions and big funds, were selling into strength, locking in profits from Bitcoin’s record highs.
Surprisingly, retail investors d
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