Bitcoin News Today: Bitcoin’s HODL barrier encounters a challenge reminiscent of FTX as liquidations reach $1.1 billion

Bitcoin faces the $95,000 HODL barrier after a cascade wipes out $655 million from bullish traders

The crypto market is on edge as

(BTC) nears the $95,000 threshold, a key support area often called the "HODL wall." In the last day, liquidations reached $1.1 billion, with $968 million coming from long positions . This upheaval has drawn parallels to the FTX collapse in 2022, with market sentiment dropping to lows not seen since then. The largest single liquidation—a $44.29 million BTC-USDT position on HTX— .

Experts are monitoring technical signals for evidence of a possible market bottom.

, a situation last witnessed during the FTX debacle. At the same time, historical trends linked to the "death cross"—a bearish chart pattern—hint at a potential recovery. that Bitcoin typically bottoms within five days of a death cross, with subsequent gains averaging at least 45%. Analysts such as Sykodelic and James Van Straten will occur soon, possibly marking a local low near $95,000 before a surge toward $145,000.

Market swings have also been intensified by contrasting flows in crypto ETFs. While Bitcoin spot ETFs attracted $524 million on November 11,

ETFs experienced $1.071 billion in outflows . These movements reflect changing investor attitudes, amid broader economic uncertainty. However, ETF inflows have resumed, on November 12, suggesting renewed, albeit cautious, confidence in the asset.

Institutional worries remain significant.

that $939 million in weekly ETF outflows and signs of market exhaustion could lead to further declines. , such as gold, has grown stronger, with gold rising 57% this year compared to Bitcoin's 8% increase. This lag has led some investors to rebalance their holdings, .

Despite the prevailing bearish mood, regulatory progress in the U.S. could offer long-term support.

that the approval of the GENIUS Act and the upcoming CLARITY Act are helping the U.S. take the lead in crypto regulation. These measures aim to clarify the regulatory responsibilities of the SEC and CFTC, and on-chain trading.

Bitcoin's price movement is still

. After dipping to $98,377 on November 13—the third time this month it fell below $100,000—it has since bounced back to around $104,000 . Technical readings are mixed: at 43, while the MACD momentum indicator points to a possible short-term upswing . If the price breaks above the 200-day EMA at $107,940, it could confirm a bullish trend toward $110,000 , but sustained trading volume will be essential to confirm a reversal .

As the market faces this turning point, traders are divided between caution and hope.

a 66% chance that Bitcoin will hit $95,000 in November, while some expect a deeper drop. For now, the $95,000 HODL wall stands as a major test—will Bitcoin bulls hold the line, or will the price fall further?