It’s official now. Bitcoin’s in a bear market. The world’s biggest cryptocurrency is trading around $95,000, down 25% from its peak of $126,000 hit back in early October. When something drops 20% or more from its highs, that’s technically bear market territory.
The slide’s been steady for the past month. Bitcoin finally broke through that psychological $100,000 support level everyone was watching. It’s now sitting at its lowest point in six months, and it’s not alone. Ethereum’s struggling too, barely holding above $3,100.
Here’s what’s really driving this. Tech stocks are getting hammered, especially the AI darlings like Nvidia. When those drop, Bitcoin tends to follow. Investors are getting scared and moving their money into safer bets like bonds and gold instead of risky crypto.
The numbers don’t lie. On November 13th, Bitcoin ETFs saw their second-biggest outflow ever. Investors yanked out nearly $870 million in a single day. Over the past three weeks, $2.64 billion has left Bitcoin ETFs. That’s a lot of people heading for the exit.
Conclusion
Bitcoin’s official bear market entry reflects growing investor risk aversion as capital flows from cryptocurrencies to traditional safe-haven assets amid broader tech sector weakness and mounting economic uncertainties.
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