Bitcoin Bear Market Fears Rise as Whales Sell Off

Bitcoin’s recent performance has sent shockwaves through the cryptocurrency market, with the digital asset struggling to reclaim the crucial $100,000 level after losing it over four months ago. This prolonged inability to recover what many consider a major psychological and technical threshold has created significant market anxiety. The situation has been exacerbated by continued sell-offs among large holders, commonly known as whales, who have been unloading substantial positions.

These whale transactions have placed billions of dollars worth of selling pressure on Bitcoin, creating a challenging environment for price recovery. The combination of technical weakness at a key level and persistent selling from major market participants has dramatically increased the probability that Bitcoin is entering a bear market phase. This selling pressure represents one of the most significant headwinds facing the cryptocurrency as it attempts to stabilize.

Crypto analyst Titan of Crypto has issued a stark warning to the broader cryptocurrency community through the X platform, suggesting that Bitcoin is more likely in a bear market than a bull market. The analyst assigned an 80% probability to bear market conditions and only 20% to continued bullish momentum, representing one of the most pessimistic assessments from a prominent market observer.

Perhaps more concerning is Titan of Crypto’s observation that Bitcoin’s traditional 4-year cycle appears to be eroding. This cycle pattern, which has characterized Bitcoin’s market behavior since its inception, has deviated completely from historical expectations. The analyst specifically noted the absence of significant momentum in altcoins, which typically experience substantial runs during Bitcoin bull markets. This deviation from established patterns suggests fundamental changes in market dynamics that could have long-term implications.

Titan of Crypto urged investors to approach the market with more nuance rather than blind optimism, emphasizing the importance of objectively assessing current conditions and potential future directions. The analyst pointed to Bitcoin’s Relative Strength Index (RSI) patterns, noting similarities to periods preceding previous bear markets. According to the assessment, the direction will be determined in the coming week, with a confirmation expected if market conditions remain unchanged by November 24.

Contrasting with Titan of Crypto’s bearish outlook, data from Coinglass presents a more optimistic picture. The Bull Market Peak Indicators tracked by the platform continue to show that Bitcoin’s top has not been reached. This comprehensive tracker consists of 30 individual indicators that measure whether Bitcoin has peaked relative to historical performance patterns.

Remarkably, none of these 30 indicators have been triggered at the time of writing, with the progress bar sitting just above 46% out of 100%. This suggests that Bitcoin is not even halfway to hitting its historical peak, according to these metrics. The Coinglass data therefore points toward a holding strategy rather than selling, indicating that the bull market may still have room to run despite recent price weakness.

Adding another layer of complexity to market analysis, the Crypto Fear & Greed Index has plunged to an Extreme Fear score of 10, marking its lowest level since March 2025. Historically, when this index reaches such extreme fear levels, it often precedes market reversals as oversold conditions create buying opportunities. However, the current market environment presents a unique challenge, as buyers have yet to respond decisively to these potentially favorable conditions, leaving the ultimate direction uncertain.