Bitfinex has warned that Bitcoin may face a prolonged decline, potentially dropping to the $70,000-$71,200 range, after spending four days below its key recovery threshold of $75,717. The exchange highlighted weak fund flows, uneven corporate demand, and increased futures exposure as factors pressuring Bitcoin's price. Despite some corporate buying, overall selling from ETFs and speculative capital outflows continue to weigh on the market. Bitfinex also noted that altcoins are experiencing steeper losses, and broader market conditions like rising real Treasury yields and Nasdaq declines could trigger further sell-offs. The situation will be clearer by November 22, the two-week mark since Bitcoin fell below the recovery level.
Bitcoin's potential price reset is highlighted here with Pluang's market snapshot as of Nov 12, 2026, 09:41 WIB: out of 50 major cryptocurrencies, 19 rose and 30 fell today. Enjin Coin (ENJ) declined by 3.81% to Rp409, while Terra Classic (LUNC) dropped 3.78% to Rp0,682 with a strong buy order activity of 92%. Basic Attention Token (BAT) also fell 3.68% to Rp2.138, showing a typical hold time of 94 days on Pluang.
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