Bitcoin Falls Below $90K Amid ‘Extreme Fear’
November 18, 2025Bitcoin’s price dropped below $90,000 Tuesday Hong Kong time, erasing all gains from 6 weeks prior and triggering a sharp reversal from a record high of $126,250 reached in February. The cryptocurrency fell to $89,420, its lowest level since February.
The decline was exacerbated by a “death cross” – a technical indicator signaling a potential trend reversal – and stalled inflows into U.S. spot Bitcoin exchange-traded funds (ETFs). Concerns over potential inflation stemming from the Trump administration’s tariff agenda are contributing to the market’s hesitancy.
Other major cryptocurrencies, including Ether and Solana, mirrored Bitcoin’s downward trend. The crypto Fear & Greed Index fell to 11 on Monday, the lowest reading since the 2022 bear market, reflecting widespread “extreme fear” among investors.
The ‘death cross’ occurred when Bitcoin failed to reclaim key support at $93,700, breaking below its 200-day moving average. Reduced ETF inflows, previously absorbing over $25 billion, have also contributed to the sell-off. Corporate buyers and retail investors have paused purchases.
Social media chatter around Bitcoin has increased, a pattern typically seen near capitulation events. Analysts suggest a potential liquidity pocket exists around $86,000–$88,000 if the price fails to rebound above $93,000.
Investor Dan Tapiero noted that some buying pressure may be shifting toward stablecoins and tokenized real-world assets. He remains optimistic about Bitcoin’s long-term prospects despite current market volatility, characterizing the downturn as short-term ‘noise’.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
