BTC And ETH Crash To Their Support Levels

In yesterday’s crypto update, the market was consolidating, waiting for a catalyst to drive a change in price action. Today, the catalyst has manifested, and not for the better.

Bitcoin
BTC

$95,604.83

0.13%

broke through the $100,000 support level and slid to $96,550, from where it has bounced back slightly and is now trading at

.

In the last 24 hours, BTC price action slipped by more than 1.5%, with trading volume rising by 54% to $104.72 Bn, suggesting a full-blown battle between the bulls and the bears for control of its price trajectory.

(Source: CoinMarketCap)

The fall is driven in part by traders’ lack of confidence that the Fed will cut rates in December. Just a week ago, there was a 69% probability of a rate cut, which has now fallen to 51%.

The government’s not releasing the employment rates for October is causing uncertainty. Only partial data, ie, the number of jobs added, will be available. The missing piece matters because the Fed uses that data to decide whether it needs to increase or decrease the interest rate.

Another major reason why BTC is retreating is that long-term holders of the coin are offloading at a level last seen in early 2024. CryptoQuant data shows that whales have dumped more than 815,000 BTC in the last 30 days.

Long-term holders are selling hard.

~815K BTC sold in the past 30 days, the highest level since Jan 2024.

With demand contracting, this sell-side pressure is weighing on the price pic.twitter.com/jFODp4ZA1p

— CryptoQuant.com (@cryptoquant_com) November 13, 2025

At the same time, spot and ETF demands have weakened while profit-taking has dominated, with $3 Bn in realized gains since 7 November alone.

Meanwhile, institutional buying has slipped below the daily mining supply, adding to the selling pressure. Defined by a drop of more than 20% from an ATH, BTC is technically in a bear market as it trades 21% below its ATH.

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Crypto Update: ETH Tests $3.2k Key Support

Ethereum
ETH

$3,176.55

0.99%

had managed to claw back its way above the $3,500 level yesterday. It was a short-lived victory. Its price crashed towards its key support at $3,200 and has since then barely managed to stay above the support zone.

(Source: CoinMarketCap)

Currently trading at

, it has come down by 5.53% in the last 24 hours and is trading 34% below its October ATH.

Its price action has made multiple efforts to breach and hold above the resistance at $3,500, but met with the sellers beating the price down to the #$3,200-$3,300 level.

All this negative pressure, despite whales hoovering up copious amounts, only means that the altcoin king is falling out of favour for retail traders, but institutions still firmly believe in its long-term potential.

UPDATE: THIS WHALE IS NOW LONG $1.38B OF ETH (385K ETH)

This whale currently owns $563.9M of ETH directly through spot holdings as well as $818.7M in a loan position on AAVE. He has just added another $105.36M of ETH today alone.

He is currently borrowing $270M of stablecoins… https://t.co/N7Xv7Kdw8n pic.twitter.com/ZcR0jkZkHu

— Arkham (@arkham) November 12, 2025

For ETH to continue its ascent towards $4,000, it must first breach the $3,500 level convincingly to further target the $3,700-$3,800 zone before re-testing the $4,000 resistance level.

At the same time, a slip down from the $3,200 level can cause ETH to slide down further to the immediate support at its recent low at $3,053. The next support level after that is at the $2500-$2700, formed during June this year.

EXPLORE: Top 20 Crypto to Buy in 2025

Buyers Have Stepped In, But Will They Succeed In Pushing BTC Through $100k?

By Arijit Mukherjee

BTC dropped to $96,550 before the buyers stepped in. For now, they have managed to stall the steep decline, but will it be enough, or is this just a temporary respite?
BTC Price Chart on CoinMarketCap_14 November

(Source: CoinMarketCap)

Online X sleuths think that BTC is only hunting for liquidity at the moment.

#Bitcoin failed to hold above the 300-day MA for the first time in this cycle.🚨

Since the bottom, BTC has taken several pullbacks before each leg up.

Every time, the price dipped slightly below the 300 Daily MA it quickly reclaimed it, followed by another leg up .

This is… pic.twitter.com/9P9iZ7N88U

— Mags (@thescalpingpro) November 14, 2025

BTC And ETH Continue The Downturn

By Arijit Mukherjee

BTC and ETH have further extended their losses. BTC had slipped down to $98,000 before recovering slightly to $99,500. Since then, it has again slid down and is currently trading at $97,597.06.

BTC and ETH Overview_14 Nov

(Source: CoinMarketCap)

September trend line been taken out + 30wma and POX. looks nasty imo. 88,500 then 77,600 zone look possible $BTC pic.twitter.com/0lbXoW7y7q

— MB (@MBdaytrading) November 14, 2025

The key support to watch out for now is $96,000. A breach of that level may lead to further losses, unless buyers step in.

ETH too has broken its support level at $3,200 and is currently trading at $3,179.

$ETHUSD $ETH Ethereum – Potential move below $3k

Price target remains at $4955 and $5766, but this pullback could continue and potentially retest the $2800 to $3000 level. This area looks to be strong support, but overall risk-reward is looking better and better.

Rating =… pic.twitter.com/kAsIiH1PX3

— Donald Dean (@donaldjdean) November 14, 2025

Czech National Bank (CNB) Adds Bitcoin to Its Reserves

By Arijit Mukherjee

The Czech National Bank (CNB) said on Thursday that it has bought $1M in cryptocurrencies for the first time.

The move is a small test meant to see how a digital asset reserve might work and to give the bank hands-on experience with managing crypto.

The pilot reserve will hold Bitcoin, a US dollar-linked stablecoin, and a tokenized bank deposit.

JUST IN: 🇨🇿 Czech National Bank (CNB) has announces establishment of pilot digital asset portfolio totaling $1 million, comprising $BTC, a USD stablecoin and a tokenized deposit. pic.twitter.com/lLk5v6OsVG

— Whale Insider (@WhaleInsider) November 13, 2025

CNB officials described the step as a controlled experiment. They said the goal is to understand how these assets behave in real conditions and to prepare for a future where digital assets may play a larger role in global finance.

Jack Dorsey Pivots From BTC: Joins The Stablecoin Movement

By Arijit Mukherjee

Long known for his advocacy for BTC, Jack Dorsey is now pivoting Block.Inc. to stablecoins, marking a major breakaway from its BTC maximalist image.

The company is now adapting to the growing demand for regulated, dollar-backed digital tokens, reflecting a broader industry trend of stablecoins gaining traction over volatile crypto for everyday transactions.

Dorsey pivoting his maximalist stance on BTC to stablecoins suggests a recognition of stablecoins becoming central to mainstream financial infrastructure.

Even prominent BTC bulls like Cathie Wood have scaled back their BTC forecasts as institutional interest consolidates around assets that are engineered for stability.