Bitcoin Falls Below $100K as Bear Market Fears Grow, With Protective Put Options Surging and $80K–$85K Support in Sight

Bitcoin traded through the $100,000 threshold on November 14 as market sentiment deteriorated, briefly carving a low near $98,000. The decline from the peak around $125,000 exceeds 20%, pushing prices back into technical bear market territory.

Analysts at BiyaPay attribute the move to a confluence of catalysts: cooling expectations for a Fed rate cut, a tech stock pullback, and weak ETF inflows, collectively eroding core support and dampening risk appetite.

In the options arena, protective puts in the $90k–$95k range have surged, signaling hedging as institutions brace for further downside. The next significant support sits around $80k–$85k, with a break below potentially opening further downside.

As uncertainty cools and a cautious recovery takes hold, traders using USDT for cross-market activity—US stocks, HK stocks, futures, and commission-free spot trading—can gain flexibility to redeploy liquidity and position for rebounds amid improving liquidity.