Bitcoin price dropped below $99,000

The Fear and Greed Index has fallen to 15 points.

On the evening of November 13, the leading cryptocurrency collapsed below $99,000, despite stubborn resistance throughout the week.

15-minute chart of BTC/USDT on Binance. Source: TradingView.

At the time of writing, the asset is trading around $98,400, down 3% in 24 hours.

Bitcoin began showing weakness as early as November 11th, when its price dropped from $107,000 to $102,000. On November 12th, after recovering to $105,000, the asset experienced another correction to $101,000, but never crossed the psychological mark.

However, even the end of the US government shutdown did not help Bitcoin maintain its value.

Shortly before today's drop, Glassnode analysts noted that long-term holders (LTH) had accelerated profit-taking as “bulls aggressively defended the $100,000 mark.”

Long-term $BTC holders are accelerating their distribution, with supply declining fast and net position change falling sharply into negative territory.
LTHs are booking profits as bulls defend $100k. https://t.co/yatqA1O7nd pic.twitter.com/rZ8XMSRZXR

— glassnode (@glassnode) November 13, 2025

CryptoQuant confirmed this position. According to their data, over the past 30 days, LTH has sold approximately 815,000 BTC—a record high since January 2024.

Source: X.

Arkham researchers also recorded that early Bitcoin whale Owen Gunden sold $290 million worth of coins today, leaving him with $250 million in assets remaining in his wallets.

OWEN GUNDEN JUST SOLD ANOTHER $290M BTC

Owen Gunden just moved all of the remaining BTC out of his accounts. He deposited over HALF of his holdings directly into Kraken, depositing a total of $290.7M of BTC into Kraken.

He now has only $250M of Bitcoin remaining. pic.twitter.com/ZUB3aToAgH

— Arkham (@arkham) November 13, 2025

According to CoinGlass, the volume of liquidations over the past 24 hours reached $500 million. The majority ($411 million) was from longs.

Source: CoinGlass.

Following Bitcoin, other crypto assets in the top 10 by market capitalization also fell. The exception was XRP, which pared its decline thanks to the positive news from the launch of an exchange-traded fund.

Source: CoinGecko.