Bitcoin Prices Plummet: 20% Drop in November 2025
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Bitcoin is facing significant turmoil in November 2025, with prices plummeting by 20%, marking its worst November performance since 2018. According to Cointelegraph, Bitcoin (BTC) is down to approximately $87,500, reflecting a 36% decline from October's all-time highs.
Data from monitoring resource CoinGlass shows that this drop has not been seen since the bear market of 2018, raising concerns among investors about the future stability of Bitcoin and the broader crypto ecosystem.
Analysts from Bitfinex echoed similar sentiments, noting that October and November have historically been strong months for Bitcoin, yet this year's performance has defied trends with a notable decline.
They reported that Bitcoin was trading 20.60% below its price at the start of November, indicating a significant downturn that caught many traders off guard amidst low sentiment. The analysts highlighted that many Bitcoin holders who purchased above $106,000 are now capitulating at a loss, reflecting a deeper layer of market pressure.
Furthermore, Bitcoin's Puell Multiple, a key metric tracking miner revenue, has dipped into a discount zone, suggesting that Bitcoin is currently undervalued. This could signal a potential buying opportunity as historical trends indicate that major corrections often begin during such pessimistic periods.
A recent analysis from CryptoQuant indicated that Bitcoin's price has entered a buy-the-dip zone, and the Puell Multiple is currently at 0.86, indicating that miners are generating less revenue than usual.
The last time the metric was this low, Bitcoin experienced a significant rally. Additionally, the MVRV Z-score, which compares Bitcoin's market value to its realized value, has also dropped to a two-year low, suggesting that the market may be pricing Bitcoin below its fair value.
Despite the current downturn, some analysts remain cautiously optimistic, predicting a potential rebound to $96,000 in the near future. However, veteran trader Peter Brandt warned that a bounce back to $89,000 could merely be a temporary rally before further declines occur.
In summary, Bitcoin's significant drop in November raises critical questions about its future stability, as market conditions remain volatile and uncertain.