\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe total crypto market cap is down by roughly $200 billion daily.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Despite the positive developments on a macro front, such as the US government reopening, BTC\u2019s quite unfavorable price actions continued in the past 12 hours or so as the asset plunged to a new multi-month low.<\/p>\n
The cryptocurrency stood above $107,000 just three days ago after Trump promised<\/a> to send tariff checks of at least $2,000 to some Americans and hinted that the government shutdown might end soon. However, bitcoin failed to capitalize on this momentum and quickly dipped back to $103,000.<\/p>\n Nevertheless, it rebounded to $105,000 on Wednesday before the bears took complete control of the market, especially on Thursday. The POTUS signed<\/a> legislation to reopen the government, which was first followed by an immediate bounce, but the landscape changed for the worse shortly after.<\/p>\n In less than a day, bitcoin dumped<\/a> by more than eight grand and currently struggles below $97,000, which is the lowest it has been since early May.<\/p>\n Doctor Profit, who has been bearish on the asset for weeks, believes the worst is yet to come by predicting another nosedive to somewhere around $90,000 and $94,000.<\/p>\n #Bitcoin<\/a>: First promised target of 90-94k region is about to be hit. Important to note that I wont take any profits from the short at 90-94k region! https:\/\/t.co\/p6qQqxsaor<\/a> pic.twitter.com\/Rhamwixvct<\/a><\/p>\n \u2014 Doctor Profit \ud83c\udde8\ud83c\udded (@DrProfitCrypto) November 14, 2025<\/a><\/p>\n<\/blockquote>\n The altcoins have followed suit with multiple double-digit price declines. AAVE, ENA, RENDER, SUI, PEPE, and LINK are also down by more than 12%. Even the largest of the bunch has plunged by over 11% and now struggles well below $3,200.<\/p>\n The total value of wrecked positions has skyrocketed to almost $1.1 billion on a daily basis. The single-largest liquidated position, according to CoinGlass, took place on HTX and was worth a whopping $44.29 million. The number of wrecked traders is above 240,000.<\/p>\n Naturally, longs represent the lion\u2019s share, with $966 million. Short liquidations are worth $124 million as of press time.<\/p>\n <\/p><\/div>\n\n
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