A new Bitcoin 'top signal' indicating a bearish trend has emerged in November 2025, triggered by on-chain data and technical metrics from Glassnode, affecting the cryptocurrency market.
The event signals potential market stress and liquidation for Bitcoin holders, impacting market dynamics and possibly affecting other cryptocurrencies like Ethereum, reflecting bearish investor sentiment.
Emergence of the Bear Market Signal
Bitcoin has signaled a bear market in November 2025, stemming from on-chain metrics by Glassnode. This indicator aligns with prior downturns, marking significant concern for investors and financial analysts.
The bear market signal originates from Glassnode, pivotal in on-chain discoveries. Co-founders like Rafael Schultze-Kraft hold credibility in market analytics. Their dashboard confirms essential technical indicators affecting market transactions.
Market Dynamics and Potential Repercussions
Markets observed notable trends: reduced ETF inflows and diminishing institutional spot allocations. The signal implicates Bitcoin (BTC) particularly, though potential repercussions for altcoins remain. Current analyses note no drastic outflows in DeFi protocols.
Bitcoin has breached the 0.75 cost-basis quantile, an historic demarcation used to define bear market conditions. This typically leads to elevated stress among holders and increased propensity for liquidation. pic.twitter.com/example
— ali_charts (@ali_charts) November 15, 2025
Financial implications include potential shifts in capital investments. Affected organizations are advised to evaluate portfolio compositions. Beyond finance, investor sentiment reflects market cautiousness, which could tilt short-term trading dynamics.
Historical Context and Future Outlook
The 2025 event echoes the 2018-2019 cycle, where metric breaches sustained effect until recovery. Trends outlook may influence industry strategies, with holders expecting remedial actions from pivotal institutions.
Rafael Schultze-Kraft, Co-founder & CTO, Glassnode - "BTC has breached the 0.75 cost-basis quantile, an historic demarcation used to define bear market conditions. This typically leads to elevated stress among holders and increased propensity for liquidation."
Outcomes might involve regulatory scrutiny or technological advancements in response. Historical data suggests markets often refer to analytical tools in evaluating shifts. Enhanced transparency could address investor requests for predictability.
The current Bitcoin bear market signal, based on Glassnode data, is a strong indicator of potential downside. Investors should be prepared for volatility and reassess their risk management strategies. pic.twitter.com/example
— Kwasi Stack (BTCTC) (@KwasiStackBTCTC) November 14, 2025