Bitcoin's $100K Support: A Tactical Buying Opportunity Amid Miner Selling Pressure?

Bitcoin's price action in November 2025 has painted a complex picture of resilience and vulnerability. After a 20% correction from its October peak of $126,000, the cryptocurrency has tested the $100,000 support level-a psychological and technical linchpin for bulls. This level, now a battleground, has seen two defensive rallies this week, with Bitcoin briefly recovering to $104,000 after dipping below $100K, according to a Crypto News report. For investors, the question looms: Is this a tactical entry point in a range-bound market, or a prelude to deeper capitulation?

The $100K Level: A Critical Crossroads

The $100,000 threshold is more than a round number-it's a confluence of historical support, open interest clusters, and institutional positioning. According to on-chain data, Bitcoin's price has lingered near this level for weeks, with robust trading volumes ($84 billion in 24-hour volume) suggesting sustained market engagement, according to a Blockonomi report. However, the asset's inability to decisively break above $105,000 while facing repeated tests of $100K indicates a range-bound dynamic.

Candlestick patterns reinforce this narrative. A "defensive consolidation" pattern has emerged, with bulls repeatedly pushing the price back toward $100K after brief dips, as reported by Crypto News. Yet, the MVRV ratio-a measure of realized value versus market value-has drifted lower, signaling a cautious environment as investors weigh risk against reward, according to Crypto News. If Bitcoin closes below $98,200, the long-term bullish case could unravel, opening the door to a $92,000–$80,000 range, according to a CoinEdition analysis.

Miner Selling Pressure: A Double-Edged Sword

Bitcoin's price dynamics are increasingly influenced by miner behavior. While some miners are reducing Bitcoin sales by repurposing infrastructure for AI and high-performance computing (HPC), others face financial strain. For instance, Cango (CANG) has shifted focus to AI cloud services, securing a $9.7 billion contract with Microsoft, while IREN reported $232.9 million in Bitcoin mining revenue for Q1 2026, according to a Blockonomi report. These strategic pivots could mitigate direct selling pressure, preserving Bitcoin's supply-side equilibrium.

However, not all miners are thriving. Canaan, a Singapore-based mining rig producer, raised $72 million in late 2025 to fund North American data centers, signaling liquidity challenges, according to a Yahoo Finance report. Similarly, IREN's stock plummeted 12% post-earnings despite securing AI contracts, highlighting market skepticism about miners' ability to balance crypto and AI ventures, according to a Blockonomi report. For Bitcoin, this duality means selling pressure remains a wildcard-some miners are net buyers (e.g., Tether's $1 billion BTC acquisition, as reported by CoinPaper), while others are forced sellers.

Institutional Demand: A Ray of Optimism

Despite November's ETF outflows ($661 million so far in the month), institutional demand has shown signs of returning. On November 7, U.S. Bitcoin ETFs recorded $240 million in net inflows, ending a six-day outflow streak, according to Crypto News. BlackRock's IBIT led the charge with $112.4 million, suggesting that long-term investors view the $100K level as a discounted entry point.

This inflow is critical in a range-bound market. ETFs act as a "demand floor," absorbing Bitcoin during dips and stabilizing sentiment. Tether's aggressive accumulation-adding 8,888 BTC ($1 billion) to its reserves-further underscores confidence in Bitcoin's long-term value, as reported by CoinPaper. If ETF inflows accelerate, they could provide the upward momentum needed to break the $100K-$105K range.

Strategic Entry Points: Weighing Risk and Reward

For tactical buyers, the $100K level offers a high-probability entry, but not without caveats. A successful defense would likely trigger a rally toward $105,000–$110,000, while a breakdown could see Bitcoin test $92,000 to close a CME gap or even $80,000 in a worst-case scenario, according to a Blockonomi report. Given the 30% probability of a $80K correction, according to a Blockonomi report, investors must balance conviction with caution.

Position sizing and stop-loss placement are paramount. A 1–2% position at $100K, with a stop below $98,200, aligns with risk-reward principles. Additionally, monitoring volume spikes and order book depth will be crucial-sustained buying pressure above $100K could signal a shift in market sentiment, according to a CoinEdition analysis.

Conclusion: A Calculated Bet in a Volatile Market

Bitcoin's $100K support level is a tactical inflection point. While miner selling pressure and macroeconomic headwinds persist, institutional inflows and Tether's accumulation provide a counterbalance. For investors with a medium-term horizon, this level represents a compelling entry, provided they remain vigilant to evolving on-chain signals. As always, the market's next move will depend on whether bulls can defend this critical threshold-or if bears will force a deeper correction.