Simply Bitcoin Why is Bitcoin CRASHING? Could the Bull Run be Over? | Bitcoin Simply
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Nov 5, 2025 Bitcoin's recent crash isn't due to institutional investors selling off, but rather early hodlers cashing in after peaks. The geopolitical race for crypto dominance adds fuel to the fire, raising questions about which nations will lead. Long-term holders are selling at key price levels, while sustained institutional demand offers a silver lining amid the downturn. The possibility of a government adopting Bitcoin could tilt the scales toward wider validation, challenging the traditional gold standard.
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OGs And Whales Driving The Selloff
- Long-term hodlers and early whales are the primary sellers driving the recent Bitcoin crash.
- Realized-cap analytics show billions in profit-taking from coins held 12+ months, not ETF or treasury sales.
Realized Cap Reveals Profit-Taking
- Realized cap measures profit/loss by stamping UTXOs at their purchase price to track capital flows.
- Spikes in realized-cap change reveal when long-term holders lock in gains and mark local tops or bottoms.
George Bodine On Turnover At 115k–118k
- George Bodine described how long-term holders selling explains the missing blow-off top during the rally.
- He noted heavy turnover around $115k–$118k that flipped resistance into a floor as selling pressure shifted.
