Bitcoin Updates Today: Bitcoin's $80,000 Support Falters as Regulatory Changes and Increased Selling Pressure Emerge

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin Updates Today: Bitcoin's $80,000 Support Falters as Regulatory Changes and Increased Selling Pressure Emerge

Bitget-RWA2025/11/18 10:24

By:Bitget-RWA

- Bitcoin drops to $89,900, with weak $89,600–$79,500 support raising fears of a breakdown below $90,300 amid heavy selling pressure. - Binance short positions dominate 6.4:1 ratio, while exchange reserves surge $1.43B, signaling panic exit preparations and reduced buyer leverage. - Japan reclassifies 105 cryptos as financial products, and Brazil considers stablecoin tax, adding regulatory uncertainty to crypto markets. - Institutional activity diverges: BitMine expands ETH holdings, while Mt. Gox’s $953M

Bitcoin’s latest price drop has drawn increased attention from the market, as experts caution that a key support zone could decide if the next bottom falls below $80,000. The digital asset has slipped to $89,900, marking a 16% decrease over the past month. On-chain metrics and exchange balances show a transition from forced liquidations to intentional selling. On Binance,

short contracts now outnumber long positions by a ratio of 6.4 to 1

, indicating less leverage on the buying side and hinting at a possible extension of the downturn. Over the last five days, exchange reserves have grown by 15,924 BTC—worth $1.43 billion at current rates—

pointing to investors bracing for rapid sell-offs

The $89,600–$79,500 price band, as shown by the UTXO Realized Price Distribution (URPD),

casts doubt on Bitcoin’s capacity to find stability

. This area is thinly defended by holders, which increases the likelihood of a drop below $90,300. Meanwhile, institutional involvement is showing mixed signals. BitMine Immersion, the largest

Ethereum

treasury globally, has boosted its stash to 3.6 million ETH, and CEO Lee

reaffirmed a strong long-term outlook for crypto cycles

, referencing positive momentum from Ethereum’s upgrades and the rise of tokenization.

Regulatory developments are adding further complexity.

Japan's Financial Services Agency

has now classified 105 digital assets as financial products, a step that will likely raise compliance requirements. In Brazil, authorities are weighing an expansion of the financial transaction tax (IOF) to include cross-border stablecoin transfers, potentially increasing government revenue as it faces fiscal challenges. With stablecoins making up 67% of Brazil’s $42.8 billion crypto trading volume in the first half of 2025,

the proposed tax could limit arbitrage and help tackle money laundering concerns

Despite historical patterns, market sentiment remains negative. On-chain analyst Murphy

observed that almost 40% of Bitcoin’s circulating supply

is currently at a loss, a level previously seen before recoveries in 2018 and 2020. Yet, these rebounds have not led to lasting bull markets, as excess supply continues to hinder a sustained rally. MarketWatch’s historical analysis

highlights Bitcoin’s inconsistent results after bear market entries

: while the typical six-month return is 31%, some cycles have seen prices fall by 70% after a year.

Major institutions are also facing instability. Mt. Gox’s recent $953 million

Bitcoin

transfer—the first significant movement in eight months—

has sparked anxiety among creditors due to ongoing repayment delays

from its 2014 bankruptcy. In contrast, Strategy Inc.

announced $10 billion in Q2 profits

, using Bitcoin’s price appreciation to strengthen its reserves even as the broader market declined.

The next few weeks will challenge Bitcoin’s ability to recover. If the price fails to move back above $90,300, a further slide toward $80,000 could follow, while regulatory changes in Japan and Brazil may add new waves of volatility. For now, the market is caught between historical trends and present-day unpredictability, leaving investors on the sidelines as the crypto winter persists.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Ethereum dropped below $3,000 on November 17, mirroring Bitcoin's 3.21% slump to a six-month low amid synchronized crypto-traditional market selloff. - Crypto investment products recorded $2B in outflows, with Ethereum ETFs losing $689M as macroeconomic uncertainty and whale selling intensified pressure. - Technical indicators show ETH breaking below $3,200 and key trend lines, with $3,000 support level at risk if $3,280 resistance fails. - Ark Invest's $39.6M crypto-linked stock purchases contrasted mar

Bitget-RWA•2025/11/20 10:42

Ethereum News Update: Ethereum's Downturn Reflects Coordinated Withdrawal from Both Crypto and Traditional Markets

Bitcoin News Update: Cryptocurrency Companies Turn to Preferred Shares for Bitcoin Purchases, Sidestepping Debt and Equity Dilution

- Metaplanet issues $150M in preferred stock to expand Bitcoin holdings, avoiding equity dilution and debt. - Strategy adds 8,178 BTC ($835.6M) via similar preferred shares, reflecting institutional preference for capital-efficient crypto financing. - JEXAI's AI-blockchain platform optimizes energy use and asset allocation, lowering barriers for institutional Bitcoin adoption. - Market turbulence, like a $5.5M liquidation on HyperLiquid, highlights risks driving demand for stable, long-term capital strateg

Bitget-RWA•2025/11/20 10:41

Bitcoin News Update: Cryptocurrency Companies Turn to Preferred Shares for Bitcoin Purchases, Sidestepping Debt and Equity Dilution

HSBC’s Tokenized Deposits: Unlocking the $16 Trillion RWA Market to Satisfy Investor Needs

- HSBC plans to launch tokenized deposits in the U.S. and UAE by 2026, targeting high-net-worth clients amid evolving banking models. - The move aligns with a $16.1T RWA market growth projection and FDIC guidance on tokenized deposits, reflecting industry-wide regulatory shifts. - Client demand for alternatives has doubled, with 59% of entrepreneurs diversifying globally, positioning tokenization as a key wealth management tool. - Industry forecasts suggest RWA tokenization could unlock $400T in traditiona

Bitget-RWA•2025/11/20 10:41

HSBC’s Tokenized Deposits: Unlocking the $16 Trillion RWA Market to Satisfy Investor Needs

Crypto’s Surge in Leverage Encounters Risk Management with Introduction of New Futures

- Cboe Futures Exchange launches Bitcoin and Ether Continuous Futures on Dec 15 to hedge crypto volatility. - Cash-settled contracts with cross-margining aim to mitigate risks from leveraged trades amid recent $168M liquidation events. - CFTC-aligned margin requirements and educational sessions highlight growing institutional interest in structured crypto derivatives. - Kraken’s $20B IPO and Trump’s Genius Act signal maturing markets and U.S. regulatory influence on global crypto governance. - Record lever

Bitget-RWA•2025/11/20 10:24