Bitcoin falls below $100K but signals point to a potential major rally
Bitcoin slipped below the $100,000 psychological level on Nov. 14, but the move has not erased bullish structural signals. Exchange reserves remain near multi-month lows and large wallets continue to accumulate, while spot ETF flows have shown steady net buying. At the same time, implied volatility has compressed and options skew indicates traders are paying up for upside protection — signs that positioning could be getting set for a rally rather than a prolonged sell-off.
Near-term price action may include consolidation or short-lived dips as traders reprice risk, yet the combination of persistent spot demand, neutral-to-negative funding rates, and subdued on-chain supply argues the sell-off could be a buying window. Investors should watch exchange flows, open interest in derivatives, and key support around recent lows; if buying resumes, momentum could quickly push BTC back above $100K and set the stage for a larger advance.