Bitcoin’s bounce from $80,000 doesn’t guarantee a bottom since data shows that fear is high, activity is low, and history warns that the worst may not be over.
By Wahid Pessarlay
Editor Julia Sakovich
Updated
2 mins read
Just a few days after Bitcoin’s BTC $87 144 24h volatility: 0.4% Market cap: $1.74 T Vol. 24h: $63.00 B dip to the $80,000 mark and reclaiming $88,000, bullish voices are calling it a bottom.
New analysis from Santiment, however, shows that the shaky sentiment, weak on-chain activity, and cautious market data may mean the real floor has not yet been found.
On Nov. 21, the BTC price fell to a local low of $80,659, but the asset soon gained momentum and touched $89,000 on Nov. 25. Following the rebound, the crypto community started calling it the market bottom, according to an analysis by Santiment.
📊 Bitcoin's depressing slump to $80K has been followed by an (at least slightly) encouraging bounce back up to $88K. Now, questions are arising about whether last week's bottom was the best buy opportunity we'll get. We explore in our latest deep dive. 👇https://t.co/4Hja2WY15J pic.twitter.com/D29wrva0Ie
— Santiment (@santimentfeed) November 26, 2025
The market intelligence platform warns that the terms “bull market,” “bear market,” “topped,” or “bottomed” are often misused, as they depend a lot on who’s speaking and what timeframe is meant.
Historically, major reversals tend to happen when “everyone” expects more pain, not when “everyone” thinks the bottom is hit, Santiment’s analyst wrote.
Bitcoin is currently trading at $87,700. The global crypto market cap increased by 0.3% in the past 24 hours to $3.02 trillion.
This not only triggered bullish sentiment among investors and traders, but also brought increased longs, according to Santiment.
Currently, the funding rates on crypto exchanges are sitting above zero as traders expect further upside for Bitcoin. Historically, the market moves in the opposite direction of what the crowd expects, the analyst says.
Moreover, Bitcoin’s on-chain activity and network growth are still way below the December 2023 peak, with over 3.3 million new addresses created every week. Currently, only 2.2 million Bitcoin addresses launch per week.
The analyst believes that the “market bottom” narrative may be premature, as the current crypto liquidations also show mixed sentiment. CoinGlass data shows that the 24-hour crypto liquidations reached $296 million ($141 million longs and $155 million shorts).
The small long/short ratio hints at lower price volatility, but the nearly $300 million liquidation is proof that traders are uncertain of where the market is headed.
In addition, spot BTC exchange-traded funds in the US recorded a net outflow of $3.57 billion in November so far. In simple terms, institutional sentiment remains bearish despite the massive “bottom” calls on social platforms.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
