Market Bleeds: Bitcoin Falls Below $98K as Anchorage Buys 4,094 BTC
Bitcoin dipped below $98,000 on Nov. 14 as a market-wide pullback pushed prices lower and volatility spiked across major tokens. Amid the selloff, custody provider Anchorage purchased 4,094 BTC, an accumulation worth roughly $400 million at current levels, according to on-chain tracking. The move stood out as exchange balances fell and trading desks absorbed increased selling pressure.
The divergence matters because substantial institutional buying during a decline can help mop up liquidity and signal longer-term conviction, even while short-term momentum remains negative. Traders and investors will be watching exchange flows, funding rates, and any follow-up large transfers to see if Anchorage’s purchase is the start of sustained accumulation or a one-off bid in an unsettled market. Continued outflows or a return of heavy selling would likely push prices lower again.