BITCOIN $92K PRICE CORRECTION TRIGGERED BY LONG-TERM HODLERS, NOT ETFS

Last updated: June 19, 2025, 23:13 | Written by: Mike Novogratz

Bitcoin $92K Price Correction Triggered By Long-Term Hodlers, Not Etfs
Bitcoin $92K Price Correction Triggered By Long-Term Hodlers, Not Etfs

The recent dip in Bitcoin's price to around $92,000 sent ripples through the crypto market, sparking widespread speculation about the causes.While many initially pointed fingers at Exchange Traded Funds (ETFs) as the culprit behind the sell-off, on-chain data reveals a different narrative. Bitcoin s recent price drop is being attributed to long-term holders rather than institutional investors, despite initial speculation to the contrary. Bitcoin (BTC) price fell over 5.6%Contrary to popular belief, the primary driver of this correction wasn't institutional investors or ETF outflows, but rather long-term holders, often referred to as hodlers. 마이크로스트레티지는 11월까지 btc 보유량을 늘리기 위해 120억 달러를 투자했습니다.These individuals, who have held Bitcoin for extended periods, decided to capitalize on the near-$100,000 price point, triggering a cascade of selling pressure that led to the significant price drop.This article delves into the factors behind this correction, examines the role of long-term holders, and assesses the continued strength of institutional demand that suggests a potential rebound for Bitcoin.

Understanding the Bitcoin Price Correction

Bitcoin's price volatility is nothing new, but understanding the underlying causes of significant price swings is crucial for investors.The recent correction, which saw Bitcoin fall over 5.6% in a single day, highlights the complex interplay of factors that influence the cryptocurrency market.While news events, regulatory developments, and macroeconomic trends can all play a role, on-chain data provides valuable insights into the specific actors driving price movements.

The Role of Long-Term Holders

On-chain analysis revealed that long-term holders were the main contributors to the selling pressure.These are individuals who have accumulated Bitcoin over a substantial period and typically hold onto their assets through market fluctuations. Bitcoin $92K price correction triggered by long-term hodlers, not ETFs cointelegraph.com, UTC cointelegraph.comHowever, as Bitcoin approached the psychologically significant $100,000 mark, many of these hodlers decided to take profits, triggering a wave of selling that impacted the overall market.

Imagine a scenario where an individual purchased Bitcoin several years ago at a price of $10,000. Onchain data reveals that ETF flows haven t been the primary causes of sell pressure for Bitcoin. Bitcoin s recent price drop is being attributed to long-term holders rather thanSeeing the asset appreciate tenfold to nearly $100,000 presents a tempting opportunity to realize substantial gains. Binance Announces Thena (THE) Airdrops for BNB HODLers via Simple EarnWhen a significant number of long-term holders act on this impulse simultaneously, the resulting sell-off can lead to a sharp price correction.

According to some data, long-term Bitcoin holders sold over 728,000 BTC in a recent 30-day period.This figure underscores the significant impact that these holders can have on market dynamics.

Debunking the ETF Narrative

Initially, many analysts speculated that ETF outflows were responsible for the price drop. Bitcoin's recent drop to $92K is attributed to long-term holders, not ETFs, with strong institutional demand still driving the market.However, Bloomberg senior ETF analyst Eric Balchunas pointed out that data indicates otherwise. Bitcoin $92K price correction triggered by long-term hodlers, not ETFs Coin Telegraph 53 Onchain data reveals that ETF flows haven t been the primary causes of sell pressure for Bitcoin.ETF flows have remained relatively stable, suggesting that institutional investors were not the primary drivers of the sell-off.While ETF activity undoubtedly influences Bitcoin's price, it wasn't the dominant factor in this particular correction.

It’s important to remember that ETFs can experience both inflows and outflows.While strong inflows can contribute to price appreciation, outflows can exert downward pressure.In this instance, the data suggests that ETF outflows were not significant enough to account for the magnitude of the price drop.

Why Long-Term Hodlers Decided to Sell

Understanding the motivations behind long-term holders' decisions to sell is crucial for predicting future market behavior. The StealthEX CEO added that a dovish shift in the policy could change this bias, and Bitcoin s price could break the $115,000 resistance. BTC Price Prediction: Short-Term Relief. From a technical perspective, the daily chart shows that Bitcoin s price is trying to break the supply wall at $107,743. On two previous occasions before reachingSeveral factors may have contributed to their decision to take profits:

  • Reaching Target Prices: As Bitcoin approached the $100,000 milestone, many hodlers likely reached their pre-determined target prices for selling.
  • Profit-Taking After Significant Gains: After holding Bitcoin through periods of market volatility, long-term holders may have felt compelled to realize substantial profits.
  • Macroeconomic Uncertainty: Concerns about inflation, interest rate hikes, or other macroeconomic factors may have prompted some hodlers to reduce their risk exposure.
  • Tax Implications: Depending on the individual's tax situation, selling Bitcoin at certain price points may have offered tax advantages.

The Continued Strength of Institutional Demand

Despite the price correction, strong institutional demand for Bitcoin persists. Bitcoin $92K price correction triggered by long-term hodlers, not ETFs - Cointelegraph Related Posts Bought the dip? 3 signs that $90K Bitcoin price was the local bottom - Cointelegraph - November 28th, 2025 [November 28th, 2025]This suggests that the long-term outlook for Bitcoin remains positive.Several factors underpin this continued institutional interest:

  • Growing Acceptance of Bitcoin as an Asset Class: More and more institutional investors are recognizing Bitcoin as a legitimate and valuable asset class.
  • Inflation Hedge: Bitcoin is increasingly viewed as a hedge against inflation, making it an attractive investment during periods of economic uncertainty.
  • Portfolio Diversification: Institutional investors are using Bitcoin to diversify their portfolios and reduce overall risk.
  • ETFs and Other Investment Vehicles: The availability of Bitcoin ETFs and other investment vehicles has made it easier for institutions to access the cryptocurrency market.

Companies like MicroStrategy have continued to increase their Bitcoin holdings, demonstrating their confidence in the long-term potential of the asset.These types of investments signal to the market that larger players still believe in Bitcoin’s long-term trajectory.

Bitcoin Price Prediction and Technical Analysis

Predicting the future price of Bitcoin is always challenging, but technical analysis can provide some insights into potential price movements.Examining the daily chart, it's evident that Bitcoin's price is attempting to break through a supply wall at around $107,743. Long-term bitcoin holders sold over 728,000 BTC in the past 30 days: CryptoQuant Donald Trump to Grant SEC's Crypto Authority to CFTC The Daily: Binance unveils reward-bearing asset BFUSD, Movement introduces the MOVE token and morePrevious attempts to breach this level have been unsuccessful, indicating significant resistance.

Short-Term Relief and Potential Rebound

While the recent price correction may have caused concern, it could also present a buying opportunity for investors.As the market consolidates, Bitcoin may experience a period of short-term relief, followed by a potential rebound as institutional demand continues to grow.

From a technical standpoint, a successful break above the $107,743 resistance level could pave the way for Bitcoin to reach new all-time highs.However, failure to overcome this resistance could lead to further consolidation or even a deeper correction.

Factors Influencing Future Price Movements

Several factors could influence Bitcoin's future price movements, including:

  • Regulatory Developments: Regulatory clarity could boost investor confidence and attract more institutional investment.
  • Macroeconomic Conditions: Changes in interest rates, inflation, or other macroeconomic factors could impact Bitcoin's price.
  • Technological Advancements: Developments in Bitcoin's underlying technology could improve its scalability, security, and usability, driving adoption and price appreciation.
  • Global Adoption: Increased adoption of Bitcoin as a means of payment or store of value could lead to greater demand and higher prices.

Navigating Bitcoin Volatility: Practical Advice for Investors

Bitcoin's volatility can be daunting for new and experienced investors alike.Here are some practical tips for navigating the ups and downs of the market:

  • Do Your Own Research (DYOR): Before investing in Bitcoin, thoroughly research the technology, market dynamics, and potential risks.
  • Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your investments across different asset classes to reduce overall risk.
  • Invest Only What You Can Afford to Lose: Bitcoin is a high-risk, high-reward investment.Only invest money that you can afford to lose without impacting your financial well-being.
  • Use Dollar-Cost Averaging (DCA): Invest a fixed amount of money at regular intervals, regardless of the price. Can You Travel the World Using Only Stablecoins? DecemThis can help to smooth out volatility and reduce the risk of buying at the top.
  • Have a Long-Term Perspective: Bitcoin is a long-term investment.Don't panic sell during short-term price corrections.
  • Secure Your Bitcoin: Store your Bitcoin in a secure wallet and take steps to protect your private keys.
  • Stay Informed: Keep up to date on the latest news and developments in the Bitcoin market.

Common Questions About Bitcoin Price Corrections

Why are Bitcoin price corrections common?

Bitcoin price corrections are common due to the cryptocurrency's inherent volatility and the influence of various factors, including market sentiment, regulatory news, and macroeconomic trends. Bitcoin s (BTC) recent price dip to $92,000 is being attributed to long-term holders (hodlers) rather than institutional investors or exchange-traded funds (ETFs), according to on-chain data. Despite this correction, strong institutional demand continues to fuel optimism for Bitcoin reaching the $100,000 milestone.The relatively small size of the Bitcoin market compared to traditional financial markets can also amplify price swings.

How can I prepare for Bitcoin price corrections?

To prepare for Bitcoin price corrections, it's crucial to have a well-defined investment strategy, diversify your portfolio, and avoid emotional decision-making.Using dollar-cost averaging (DCA) can help mitigate the impact of price volatility.It's also important to stay informed about market news and developments and to understand the risks associated with investing in Bitcoin.

Are Bitcoin price corrections a buying opportunity?

Whether a Bitcoin price correction presents a buying opportunity depends on your individual investment strategy and risk tolerance.Some investors view corrections as a chance to buy Bitcoin at a lower price, while others prefer to wait for the market to stabilize before making further investments. Bitcoin s recent price drop is being attributed to long-term holders rather than institutional investors, despite initial speculation to the contrary. Bitcoin (BTC) price fell over 5.6% in the past 24 hours to trade at $92,774 as of 8:52 am UTC on Nov. 26, Cointelegraph data shows. BTC/USD, 1-month chart. Source: Cointelegraph However, it wasn t the [ ]Ultimately, the decision is a personal one based on your assessment of the market and your long-term investment goals.

What is the difference between a price correction and a bear market?

A price correction is a short-term decline in price, typically ranging from 10% to 20%. Bitcoin's recent price drop to $92,774 is primarily attributed to long-term holders, or hodlers, rather than institutional investors or exchange-traded funds (ETFs). The cryptocurrency fell over 5.6% within a day, notably after reaching a historic high of over $99,000 on November 22. Bloomberg analyst Eric Balchunas highlightedA bear market, on the other hand, is a prolonged period of declining prices, often exceeding 20%.Bear markets can last for months or even years, while price corrections are usually shorter in duration.

The Future of Bitcoin: A Dovish Shift and Potential Breakout

Looking ahead, several factors could influence Bitcoin's price trajectory. Original title: Bitcoin $92K price correction triggered by long-term hodlers, not ETFs Original author: Zoltan Vardai Original source:StealthEX CEO highlights that a dovish shift in monetary policy could significantly impact the market, potentially paving the way for Bitcoin to break through the $115,000 resistance level. Related: Bitcoin $92K price correction triggered by long-term hodlers, not ETFs Meanwhile, prominent crypto analyst PlanC is happy to see Bitcoin consolidate a bit in the 90s.This shift would mean a less hawkish stance from central banks, generally seen as favorable for risk assets like Bitcoin.

Furthermore, the ongoing development of blockchain technology and the increasing adoption of Bitcoin by businesses and individuals suggest a positive long-term outlook.While volatility is inevitable, the underlying fundamentals of Bitcoin remain strong, supporting the potential for future price appreciation.

Conclusion: Long-Term Vision and Strategic Investing in Bitcoin

The recent Bitcoin price correction to $92,000, while initially attributed to ETF activity, was primarily driven by long-term holders taking profits.This event underscores the importance of understanding market dynamics beyond surface-level narratives. Recent data indicates that Bitcoin s sharp price drop to $92,200 is primarily driven by long-term holders rather than institutional investors orDespite the dip, strong institutional demand continues to fuel optimism for Bitcoin reaching and surpassing the $100,000 milestone.For investors, navigating the volatility of the Bitcoin market requires a long-term vision, strategic investing, and a solid understanding of the factors influencing price movements.

Key takeaways:

  • Long-term holders, not ETFs, triggered the recent Bitcoin price correction.
  • Strong institutional demand suggests a potential rebound for Bitcoin.
  • Volatility is inherent in the Bitcoin market, requiring a strategic investment approach.
  • A dovish shift in monetary policy could significantly impact Bitcoin's price.

Ready to take the next step in your crypto journey?Consider researching secure storage solutions and developing a diversified investment strategy to navigate the exciting, yet volatile, world of Bitcoin.Remember, DYOR (Do Your Own Research) is paramount before making any investment decisions. However, it wasn t the institutions or exchange-traded funds (ETFs) that caused Bitcoin s price decline, as the data points to long-term holders, also known as hodlers, according to Eric Balchunas, a senior ETF analyst at Bloomberg.Good luck!

Mike Novogratz can be reached at [email protected].

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