The market value of Bitcoin fell below 2 trillion, market value fluctuations and the "bull-bear" dispute

Nakamoto 2025-11-8 23:39 6636人围观 BTC

In recent days, the Bitcoin market has been changing. Data on November 8 show that the market value of Bitcoin has fallen below the US$2 trillion mark and is currently at US$1,994,295,442,530. Bitcoin ranks eighth in the global asset market value rankings

Recently, the Bitcoin market has been changing. Data on November 8 show that the market value of Bitcoin has fallen below the US$2 trillion mark and is currently at US$1,994,295,442,530. Bitcoin ranks eighth in the global asset market value rankings. This ranking change has made the market a little more worried about the future direction of Bitcoin.
MANUFACTURE

Institutional opinions differ, future prices remain a mystery

Different institutions and figures have different views on the future price of Bitcoin. Nikolaos Panigirtzoglou, global market strategist at JPMorgan Chase, believes that Bitcoin is expected to reach $170,000 in the next 6 to 12 months.

MicroStrategy founder Michael Saylor once said in an interview that the past 12 months have been the "most constructive year in the history" of the encryption industry. The collision of these views makes investors full of expectations and doubts about the future.

“The dividing line between bulls and bears: 50-week moving average becomes the key

In the Bitcoin market, there is a much-watched “bull-bear dividing line” – the 50-week moving average. Many people are accustomed to regard 250 days as the dividing line between bulls and bears, but this is actually controversial.

Analysts pointed out that if Bitcoin falls below the 50-week moving average, it often means that a bear market is coming. This pattern has been verified in the trends in 2011, 2014, 2018 and 2020. If Bitcoin replicates its previous trend, it will face a 60% drop and may bottom out near $40,000. This view undoubtedly sounded the alarm to the market.

Emotional anxiety vs cycle reversal, where to go in the future

Currently, there is a lot of discussion in the market about Bitcoin's "bull turn to bear". But in-depth analysis shows that this reflects more anxiety at the level of investor sentiment rather than a fundamental reversal of the cycle.

Compared with the past few rounds of real bear markets, the current Bitcoin market shows no signs of systemic liquidity depletion, institutional or on-chain activity collapse. This means that although the market is currently facing certain pressure, it may still be some distance away from a true bear market.

The Bitcoin market is always full of variables. Market value fluctuations, institutional opinions, key moving averages, and market sentiment all jointly affect its direction. Investors need to remain calm, view market changes rationally, and not be swayed by temporary fluctuations.