Here’s Why The Bitcoin Price Keeps Crashing- Is $80,000 Next?

Bitcoin's price has fallen below $90,000 for the first time in seven months, marking a significant correction in the cryptocurrency market. This decline, noted by K33, ranks among the worst corrections since 2017. The current trading price is approximately 25% lower than its all-time high of over $126,000 reached in October 2025.

Bitcoin's price has significantly declined this week, resulting in a record low for the Bitcoin hashprice as mining revenues shrink. The drop in price per petahash has raised concerns among miners, who are facing diminishing margins in a challenging market environment.

Polymarket indicates a 50% probability of Bitcoin reaching $85,000 in November as its price falls below $90,000 amid a broader market downturn.

Crypto entrepreneur Mike Alfred stated that the US is likely to delay purchasing Bitcoin until other countries take action. He emphasized that the government will only intervene when there is sufficient external pressure, reflecting a cautious approach to cryptocurrency reserves.

Bitcoin is currently experiencing its largest correction of the bull market, with analysts indicating that the price is nearing a critical capitulation zone. This decline has raised concerns among investors, but some view it as a potential buying opportunity.

Market volatility has resurfaced, prompting traders to question whether Bitcoin ($BTC) may experience another significant decline. While focus typically centers on price, internal network weaknesses, such as slow confirmations and high fees, often contribute to heightened concerns.

CryptoQuant CEO Ki Young Ju has identified a realized price level of $56,000 for Bitcoin amid its current correction. He clarified that this figure should not be interpreted as a definitive bottom, emphasizing that market conditions and sentiment could lead to price fluctuations. Ju's analysis categorizes the market into futures, spot, and on-chain segments, noting a shift from futures whales to retail dominance in trading activity.

The Abu Dhabi Investment Council significantly increased its investment in Bitcoin during the third quarter, tripling its stake in the IBIT ETF just before the cryptocurrency market faced a sharp decline. This move highlights the council's growing interest in digital assets despite the volatile nature of the market.