A recent survey of Russian cryptocurrency investors has revealed the strong demand for Bitcoin following the recent price correction, with roughly one-third of respondents of the survey actively buying Bitcoin after it fell below $100,000.
The poll, which was conducted on a Telegram channel, showed views during Bitcoin’s dip to approximately $99,000 on November 5, 2025, its first sub-$100,000 print in months.
About 30.09% of participants indicated they “believe in growth and are buying,” while 40% expressed uncertainty if the present price level is a good entry point. 22% of the respondents believe there will be a further decline in price and are waiting before buying, and over 25% are already in losses but holding firm.
As of November 6, 2025, Bitcoin has recovered slightly above the previous day price and is presently trading at $102,274, with a market capitalization of $2.02 trillion and a 24-hour trading volume of $59.02 billion.
Ethereum, on the other hand, is presently trading at $3,291, as of November 6, 2025. The rebound follows more than $2 billion in liquidations, mostly long positions, that were tied to ETF outflows and broader risks.
Price Correction Pushes Bitcoin Into Bear Territory
The early November sell-off has pushed Bitcoin into technical bear territory, down over 20% from its all-time high of $126,198 on October 6, 2025. This followed $19 billion in wipes in mid-October on trade tensions and profit-taking.
United States spot Bitcoin ETFs registered net outflows of $577.74 million on November 4, the fifth consecutive day of withdrawals, led by Fidelity’s FBTC with $356.58 million exiting. Total crypto market capitalization stands at $3.37 trillion, down 1.94% in the last 24 hours.
Analysts remain constructive on seasonal volatility, with November historically delivering average Bitcoin gains of 42%. Fundstrat’s Tom Lee stated the year-end targets of $150,000 to $200,000.
Belarus-based Cifra Markets predicts Bitcoin will surge above $130,000 by December 2025 due to liquidity and institutions.
Central Bank Quietly Accepts Crypto Derivatives
Despite challenges, Russia’s cryptocurrency ecosystem continues to grow, with an estimated 20 million citizens holding approximately $40 billion in digital assets.
The Central Bank now allows qualified investors crypto through derivatives and has permitted banks to handle digital assets under strict limits. Approved entities can now use cryptocurrencies for cross-border payments, with full regulations expected in 2026.
Sanctions accelerated adoption and made Bitcoin a hedge for the ruble, complemented by initiatives like Sberbank’s Bitcoin-linked bonds and legalized mining operations.