{"id":58795,"date":"2025-11-17T06:46:43","date_gmt":"2025-11-17T06:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58795"},"modified":"2025-11-17T06:46:43","modified_gmt":"2025-11-17T06:46:43","slug":"bitcoin-just-entered-structural-bear-market-what-does-it-mean-and-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58795","title":{"rendered":"Bitcoin Just Entered \u2018Structural\u2019 Bear Market: What Does It Mean and What\u2019s Next?"},"content":{"rendered":"
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Bitcoin\u2019s price dumped once again on Sunday afternoon to a new six-month low of $93,000. On the surface, the reasoning behind the latest crash is quite slim, as there aren\u2019t any significant catalysts that can be blamed.<\/p>\n

However, the analysts from the Kobeissi Letter believe there\u2019s a more profound and fundamental shift in the cryptocurrency market, and explained why a new type of \u2018structural\u2019 bear cycle has begun.<\/p>\n

Why Such Big Moves?<\/h2>\n

Before we head into the explanation of this sort of bear market, first, we need to examine the analysts\u2019 culprits for the overall market calamity. After all, BTC has lost 25% since its early October all-time high, and now sits<\/a> at six-month lows of $95,000 after the Sunday dip. As they admitted, this decline is particularly \u201cstrange for one key reason.\u201d<\/p>\n

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\u201cThere haven\u2019t been many material bearish developments on the fundamental side of crypto.\u00a0Just days ago, President Trump said America being \u201cnumber one in crypto\u201d is his top priority.\u201d<\/p>\n<\/blockquote>\n

Additionally, inflation in the US is gradually declining, the Federal Reserve has cut interest rates again, and Washington and Beijing are close to a trade deal. As a result, the landscape now appears a lot more bullish than it did in April, for example.<\/p>\n

Consequently, the analysts categorized the current downturn as \u201cstructural and mechanical.\u201d They noted that it began with institutional outflows in mid-to-late October, which is evident from the ETF numbers. In the first week of November, crypto-focused funds experienced $1.2 billion in net outflows, marking a record.<\/p>\n

However, where it gets particularly tricky in crypto is the excessive levels of leverage used during these institutional outflows, the Kobeissi Letter explained.<\/p>\n

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As a result, when these sudden downswings happen in crypto, liquidations surge.<\/p>\n

As seen on October 10th, the -$19.2 billion liquidation spree led to the first ever $20,000 BTC daily candlestick.<\/p>\n

Excessive levels of leverage have resulted in a seemingly hypersensitive market. pic.twitter.com\/oJtnYQNQTm<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) November 16, 2025<\/a><\/p>\n<\/blockquote>\n