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Bitcoin News Today: Bitcoin Drops $90K—Is This a Bear Market Pullback or a Prime Buying Chance?

Bitcoin News Today: Bitcoin Drops $90K—Is This a Bear Market Pullback or a Prime Buying Chance?

Bitget-RWA2025/11/18 22:44
By:Bitget-RWA

- Bitcoin fell below $90,000 on Nov. 18, its lowest in seven months, driven by a death cross pattern and shifting macroeconomic expectations, erasing 2025 gains and triggering $1B in liquidations. - The selloff intensified as Fed rate-cut odds dropped to 42%, with ETF outflows reaching $2.8B, while altcoins like ICP and HYPE bucked the trend amid extreme market anxiety (fear/greed index at 11). - Analysts highlighted "stickier" inflation concerns and mixed institutional activity, noting BlackRock's IBIT ET

On November 18, Bitcoin momentarily dropped under $90,000, reaching its lowest point since April, as a death cross pattern and changing macroeconomic outlooks triggered a widespread sell-off in the crypto market. This pullback wiped out all gains made in 2025, with Bitcoin currently hovering near $91,300,

of $126,000. The sharp fall led to liquidations exceeding $1 billion, with making up almost 55% of the total, while , indicating heightened market fear.

Uncertainty over whether the Federal Reserve would cut rates in December intensified the downturn, as the odds of a cut dropped from 70% to 42% within a week,

. Experts linked the sell-off to persistent inflation worries, lower institutional interest, and outflows from ETFs. Spot Bitcoin ETFs, which had fueled much of this year’s rally, experienced , with the average ETF investor’s cost basis now at $89,600—slightly above Bitcoin’s lowest point of the day.

Even as the broader market fell, a few altcoins managed to outperform.

to surpass $5.60, HYPE (HYPE) climbed above $40, and (ASTER) advanced 7.5% to hit $1.30. These gains stood in contrast to losses among major cryptocurrencies such as (-5.6%), (-3.8%), and Binance Coin (-3%) . “While most altcoins mirrored Bitcoin’s downward movement, a handful of smaller tokens are showing signs of accumulation,” said Edul Patel of Mudrex, often marks market bottoms.

Bitcoin News Today: Bitcoin Drops $90K—Is This a Bear Market Pullback or a Prime Buying Chance? image 0

The recent drop has reignited discussions about Bitcoin’s future.

that “this may be the last opportunity to purchase Bitcoin below $90k,” while Adam Kobeissi of The Kobeissi Letter described the correction as a typical bear market event. Meanwhile, institutional involvement is showing mixed signals: BlackRock’s IBIT ETF, the largest Bitcoin ETF, saw its leading investors—including Goldman Sachs—engage in arbitrage rather than long-term investing, . Hayes suggested that earlier ETF inflows were largely driven by basis trading strategies rather than strong conviction in Bitcoin.

Market experts remain divided on what comes next.

in bullish U.S. Treasury bond options, which could signal a weakening dollar, but others warn that Bitcoin’s recovery will depend on improved retail sentiment and clearer macroeconomic signals. For now, Bitcoin’s market dominance has slipped below 57%, above $93,000 as a key turning point.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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