Bitcoin fell to $90,200, weighed down by new institutional investor rotation and thin liquidity over the weekend. The withdrawal comes after TheBlock data confirmed that the network has mined over 19.95 million BTC, with the issued supply exceeding 95% of the hard-coded 21 million BTC limit for the first time.
Network data shows that less than 1.05 million BTC remains unmined. This milestone follows the fourth halving cycle, which will be completed in 2023, with the next supply reduction scheduled for April 2028.
On-chain data trends also indicate that 230.09 BTC is permanently unavailable due to Genesis-era constraints and early script anomalies.
Bitcoin's supply is designed to decrease gradually with halving events occurring every 210,000 blocks. Due to the April 2024 halving, miner rewards have been reduced from 6.25 BTC to 3.125 BTC, and daily miner production has been halved to approximately 450 BTC compared to 900 BTC previously. Previous halving cycles in 2012, 2016, and 2020 saw the block reward decrease from 50 BTC to 25 BTC, 12.5 BTC, and 6.25 BTC, respectively.
The last remaining 5% of Bitcoin supply is expected to be mined around 2140.
Price Analysis: $102,000 Resistance Cap Market at $90,000
Despite the bullish supply data, market structure remains bearish. Bitcoin’s weekly chart shows that the price has decisively lost its 50-week simple moving average (SMA) of $102,800. This breakdown flipped the critical $102,000 level from a support zone to a formidable resistance barrier.
Parabolic SAR is above the current BTC price, confirming continued downside pressure.
Bitcoin (BTC) Price Analysis | November 19, 2025
The 50-week SMA at $102,810, which fell decisively last week, has turned into resistance, but the 100-week SMA at $83,303 emerges as the next deep support target if selling resumes.
The RSI is approaching oversold territory at 39.49, but has not yet shown any signs of exhaustion. Meanwhile, Bull Bear Power (BBP) has recorded a significant negative value of -25,330, consistent with a sell-off during the capitulation stage. Historically, such extreme events have preceded weeks of relief rallies.
On the upside, Bitcoin price needs to regain the $98,500 and $102,000 levels to end the short-term bearish dominance. If negative macro sentiment persists, the bears could force further declines towards $90,000 and even $83,000.
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