Bitcoin Falls Below $97K as Analyst Warns the Worst May Be Ahead
Bitcoin slipped below $97,000 on Nov. 14, extending a sharp market sell-off that erased about $200 billion from the total crypto market cap in daily moves. The drop represents a rapid reversal after recent gains and has pushed short-term volatility higher as traders reassess exposure across spot and derivatives desks.
An analyst cautioned the worst may still be ahead, pointing to the potential for further downside and stressed conditions for leveraged positions. Large daily drawdowns of this scale typically increase liquidation risk and strain order-book liquidity, which can amplify losses in correlated tokens. For investors and traders this raises the importance of active risk management—monitor funding rates, open interest and market depth for signs of sustained selling pressure.