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The relentless march of progress often leaves remnants of the past in its wake, and sometimes, those remnants fight back. In this story, a seemingly endless cascade of digital replication threatens to overwhelm a core system, sparking a desperate attempt to understand and contain the escalating issue. What begins as a technical glitch quickly spirals into a bizarre and unsettling phenomenon, pushing those responsible to the very limits of their expertise and sanity. Prepare to delve into a world where the digital and the tangible blur, and the consequences of unchecked expansion become terrifyingly real.
Bitcoin fell below $95,000 on Friday, November 14th, for the first time in over six months. While the cryptocurrency saw a slight rebound on Monday, it remained distant from the key $100,000 psychological level.
The digital asset had reached a record high above $125,000 in October, fueled by uncertainty surrounding a potential U.S. government shutdown. Since that peak, Bitcoin has lost more than a fifth of its value, reflecting increased investor caution in the volatile crypto market.
Data from Coinglass indicates that over $1.1 billion was withdrawn from Bitcoin ETFs during the second half of last week, as the price consistently dropped below $100,000. The Crypto Fear & Greed Index currently stands at an extremely low level of 17 out of 100, signaling extreme fear. This suggests a strong inclination among investors to sell their crypto holdings amid prevailing anxieties.
An article published by The Motley Fool raises the possibility that the current sell-off and price decline could mark the beginning of the next major “crypto winter.” Historically, Bitcoin has followed a pattern of reaching peak values every four years, followed by a 70–80% decline that pulls down the prices of other cryptocurrencies. This is typically followed by a prolonged period of low prices.
Based on this pattern, the next significant downturn and subsequent crypto winter would be expected to begin sometime between late 2025 and early 2026. However, experts suggest that the four-year cyclicality and the previously characteristic crypto seasons may be coming to an end, potentially averting a similar sharp decline.