Bitcoin Plunges Below $94K: The Truth Behind $1.1 Billion Liquidations

Get Liquidated Event: Let the Numbers Speak

On November 14, 2025, the cryptocurrency market saw liquidations exceeding $1.1B within 24 hours. Among them, long positions were liquidated close to $1B, reflecting the market’s previous over-optimism about the rise. When Bitcoin fell below $94,000, it triggered a chain liquidation, dragging the market further down.

Why is $94K the new watershed?

$94,000 is a key area where multiple support levels for Bitcoin have recently overlapped, and its importance is reflected in:

• If it breaks down, the technical aspect will enter a new weak zone.
• Market sentiment has shifted from “cautious” to “panic”.
• Long leverage positions are densely distributed in the $94K–$96K range, and a drop below this level will trigger a large number of liquidations.

Therefore, the drop below $94K is not an ordinary pullback, but a structural collapse point.

How does market sentiment change after getting liquidated?

• Panic index surges
• Funds are withdrawing from high-risk assets.
• The market has started to enter a “self-protection mode”.
• The overall long leverage has decreased.
• Retail investor confidence is declining, but institutions are still observing.

This means that the short-term trend may continue to be weak.

Investment opportunity or warning signal?

Opportunity:

• Price declines may provide long-term positioning opportunities
• After cleaning the leverage, the market risk decreases.

Danger:

• If it breaks below $92K, the decline may accelerate to $90K or $88K.
• If sentiment deteriorates rapidly, the consolidation period may be prolonged.

Conclusion: Beginners should exercise caution, but long-term investors can gradually position themselves.

How to operate in turbulence for beginners?

• Absolutely do not use leverage
• Don’t chase the rise and kill the dip.
• Adopt a small amount of batch position building strategy
• Set reasonable stop-loss
• Maintain capital management discipline

Long-term perspective: Is Bitcoin still trustworthy?

In the long run, Bitcoin still possesses support from scarcity, institutional adoption, and ETF inflows. The short-term decline is part of the cycle, but the long-term value logic has not changed. If you are a long-term investor, these types of decline cycles are instead opportunities for learning and positioning.