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Bitcoin News Today: Is Bitcoin’s Recent Sell-Off Driven by Corporate Debt Reduction or Market Manipulation?

Bitcoin News Today: Is Bitcoin’s Recent Sell-Off Driven by Corporate Debt Reduction or Market Manipulation?

Bitget-RWA2025/11/08 04:22
By:Bitget-RWA

- Bitcoin fell below $100,000 on Nov. 4, 2025, with $1.3B in liquidations as whales and firms like Sequans sold BTC to reduce debt. - Analysts argue sellers may amplify bearish narratives via social media to profit from lower prices, while corporate treasury strategies face risks amid falling prices. - On-chain data shows moderate unrealized losses (3.1% stress level), suggesting potential stabilization, though some warn a $56,000 cascade could follow a $100,000 break. - Diverging strategies emerge: Americ

Recent swings in Bitcoin’s price have sparked renewed debate among analysts about whether negative market sentiment is being intentionally magnified by sellers aiming to push prices down. On November 4, 2025, Bitcoin dropped below $100,000 for the first time in three months, resulting in over $1.3 billion in liquidations, with

making up $445 million of those losses, . The decline happened alongside increased selling from major holders, known as "whales," as well as companies like , which sold 970 BTC—valued at $94.5 million—to pay down debt, .

On the Mr. M Podcast, Bitcoin analyst PlanC suggested that some traders who have exited their positions may be deliberately spreading bearish sentiment to profit from falling prices. "When you sell, it’s because you expect a bear market," PlanC explained, adding that these individuals often use social media to promote negative outlooks,

. This trend fits into a broader context of market stress, including a slowdown in corporate Bitcoin treasury strategies, where companies that borrowed to buy now face greater risk as prices decline, according to CryptoNews.

The latest drop comes amid a wider correction in the crypto sector, with Bitcoin shedding 20% from its October peak near $124,500.

Bitcoin News Today: Is Bitcoin’s Recent Sell-Off Driven by Corporate Debt Reduction or Market Manipulation? image 0
Contributing factors include global economic worries, such as U.S. Supreme Court discussions on tariff enforcement that have reignited trade war concerns, as noted by Yahoo Finance, and a decrease in institutional investment. U.S. spot Bitcoin ETFs saw $187 million in outflows on November 3, indicating that institutions are taking profits amid uncertainty, the same Yahoo Finance report noted.

Corporate Bitcoin reserves, once viewed as a stabilizing influence, are now under the microscope. Sequans’ move to reduce leverage and American Bitcoin Corp.’s recent acquisition of 139 BTC—bringing its total to 4,004 BTC—showcase contrasting strategies, according to CryptoNews. While firms like American Bitcoin see price dips as buying opportunities, others, such as

, are focusing on cutting debt as liquidity tightens.

Despite the prevailing pessimism, some market observers believe the current pullback could represent a period of accumulation rather than the onset of a new bear market. On-chain analytics from platforms like Glassnode reveal that unrealized losses remain moderate compared to previous bear cycles, with Bitcoin’s stress level at 3.1%—well below the 10% mark that typically signals capitulation,

. PlanC suggested that $98,000 might act as a significant support level, and there’s a “good probability” that the recent low could be the bottom, as TradingView reported.

However, not all analysts are convinced. Bloomberg’s Mike McGlone cautioned that if Bitcoin falls below $100,000, it could trigger a further slide to $56,000, citing its strong correlation with the S&P 500 and broader market risks, as Yahoo Finance reported. Meanwhile, Michael Saylor’s company, Strategy (formerly MicroStrategy), continued to aggressively accumulate Bitcoin, raising $715 million through preferred shares to buy more BTC even as its own stock price declined,

.

The complex interplay between corporate decisions, macroeconomic developments, and self-interested market narratives highlights the multifaceted nature of Bitcoin’s current market phase. While some sellers may be amplifying negative sentiment, both institutional activity and on-chain data suggest the market could find stability before any extended downturn takes hold.

0

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.

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