Bitcoin's recent price drop from $126,000 has been attributed to panic selling by short-term holders, according to XWIN Research. These holders, many using leverage, sold coins held for less than three months, causing sharp declines. Long-term holders also sold assets in September, but their actions are seen as typical mid-bull-cycle behavior. Analysts view the drop as a correction within the ongoing bull market rather than a trend reversal. On November 14, 148,241 BTC were sold at a loss as prices fell below $100,000, with average purchase prices ranging from $102,000 to $107,000. Analyst Michaël van de Poppe suggests Bitcoin could rise to $100,000 if it establishes a higher low above $94,000.