Recent on-chain data reveals a concerning trend for long-term Bitcoin investors, as whales have been selling recently without achieving substantial profits. This has fueled concerns about the potential end of the historic four-year bull cycle and the possibility of a significant price correction. Analysts predict either a strong rally or a dramatic drop, similar to 2018, with the BTC/USD pair potentially dropping by up to 36%. Bitcoin’s opening week of November 2025 commenced on a bearish note, facing a 3% decline after closing October with a 3.69% decrease. Trading at roughly $107,259 at press time, the drop raises concerns about further capitulation. The crypto fear and greed index, according to CoinMarketCap’s analysis, has hovered around 36, reflecting traders’ growing anxiety. **Source:** CoinMarketCap.