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Bitcoin Dips Below $98K as Anchorage Acquires 4,094 BTC During Market Decline

Bitcoin falls under $98K while Anchorage Digital buys 4,094 BTC amid market selloff.

The cryptocurrency market experienced a notable downturn on November 14, 2025, as Bitcoin fell below the $98,000 mark. Concurrently, Ethereum saw a decline exceeding 6%, with most sectors witnessing losses ranging from 2% to 7%. This broad-based selloff affected various segments including NFTs, Layer 1s, DeFi, CeFi, and Meme tokens. However, some tokens such as STRK, MOG, and TEL showed resilience amidst the general market weakness.

Despite the prevailing bearish sentiment among retail investors, on-chain data indicates that institutional players are seizing the opportunity to accumulate assets. Notably, Anchorage Digital has reportedly received an impressive 4,094 BTC, valued at approximately $405 million, over a span of nine hours. This acquisition involved transfers from major players including Coinbase, Cumberland, Galaxy Digital, and Wintermute, suggesting that large investors are strategically buying the dip during this market correction.

The current environment reflects a complex interplay between market sentiment and institutional activity, which could signal an intriguing dynamic for the future of cryptocurrency trading. As retail confidence wanes, the accumulation by institutions could indicate a long-term bullish outlook from significant market players.

As the day progresses, market participants are keenly observing further developments. The volatility of cryptocurrencies, especially in light of today”s movements, emphasizes the importance of staying informed and agile in response to market changes. Whether this pattern of institutional buying will influence prices in the long run remains to be seen.

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