Bitcoin experienced an 8.2% pullback after reaching an all-time high of $99,609 on November 22, resulting in $250 million in liquidations of bullish leveraged positions. However, this decline did not trigger panic or significant bearish sentiment. Miners have been selling approximately 2,500 BTC daily, totaling about $231 million, but institutional buying remains robust, exemplified by MicroStrategy's $5.4 billion acquisition of Bitcoin on November 25. Despite some profit-taking by long-term holders, recent trends indicate that Bitcoin may find a bottom around $82,500, marking a typical 17% correction without pointing to a bear market. Compared to the past, current strong spot ETF buying and the involvement of corporate entities suggest growing support for Bitcoin's price. Furthermore, options market data shows a shift to neutral sentiment without indications of a forthcoming bear market, maintaining a generally bullish outlook for Bitcoin.

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