Tag: worst

  • Bitcoin slides below $90K as crypto correction becomes one of the worst since 2017

    Bitcoin slides below $90K as crypto correction becomes one of the worst since 2017

    Bitcoin sinks below $90K as a sharp 43-day selloff wipes out 2025 gains, driven by liquidations, ETF outflows, and rising fear.

    • Bitcoin plunges below $90K, erasing all gains for 2025.
    • ETF outflows and leverage-driven liquidations deepen the selloff.
    • Sentiment hits “Extreme Fear” as crypto markets shed over $1T.

    Bitcoin crashed below $90,000 on Wednesday, marking a devastating 28% decline from its early October peak above $126,000.

    The plunge has erased all of crypto’s 2025 gains and pushed the largest cryptocurrency into bear market territory.

    Ethereum tumbled 6% to below $3,000, while the broader crypto market saw roughly $1.2 trillion in value evaporate over recent weeks.

    Analysts say this 43-day drawdown now ranks among the steepest corrections since 2017, with forced liquidations and ETF outflows accelerating the selloff.

    The unwind feels sudden, given that Bitcoin looked unstoppable just six weeks ago.​

    What makes this collapse particularly brutal is how thoroughly it dismantles the bull narrative. Trump was supposed to be the “crypto president.”

    The spot Bitcoin ETF was supposed to unlock institutional buying. Instead, Bitcoin is negative for 2025, down 2% after climbing as high as +35% in October.

    Investors who chased breakouts above $120,000 are now underwater. That kind of momentum reversal breeds panic and forces margin calls.​

    The liquidation cascade: Why leverage turned this into a bloodbath

    The mechanics of the crash tell you everything. K33 Research’s Vetle Lunde noted that “steady outflows from ETFs have also added fuel to the selloff.”

    US spot Bitcoin ETFs shed nearly $2.3 billion over five consecutive sessions. That’s redemptions from big institutions that are simply walking away. When the largest buyers start selling, smaller traders follow in a herd stampede.​

    The real damage comes from leverage. The government shutdown eliminated key economic data, creating a data vacuum.

    Without employment numbers and inflation prints, the Fed’s December rate-cut decision became genuinely uncertain. Suddenly, the “rate cuts will save crypto” thesis evaporated.

    Leveraged long positions got liquidated in cascading forced sales. When Bitcoin swept below the average cost basis of spot Bitcoin ETFs, algorithmic selling kicked in.​

    Sentiment has completely inverted. The Crypto Fear and Greed Index remains pinned at “Extreme Fear,” the lowest it has been.

    Retail investors who bought near $125,000 are watching unrealized losses mount. Long-term holders haven’t capitulated yet, but the on-chain data is starting to show cracks.​

    Where does Bitcoin bottom? Analysts map out ugly scenarios

    Lunde’s base-case scenario puts support between $84,000 and $86,000, but that’s if this correction mirrors recent downturns.

    If it gets worse, if it mirrors the two deepest corrections in the past two years, Bitcoin could revisit April’s lows near $74,000, where MicroStrategy’s average entry sits.​

    The truly bearish case opens the door to an 80% drawdown from recent highs. That would put Bitcoin in the $20,000–$25,000 zone, but analysts say that needs a full credit crisis to materialize.

    Right now, stocks are holding up. Risk assets aren’t in freefall. That limits how low crypto can go without broader carnage.​

    For now, Bitcoin is stuck between competing forces. Long-term holders are accumulating at these levels. Institutions aren’t panicking enough to dump entirely.

    But neither are they buying aggressively. Without a macro catalyst, a Fed pivot, tariff relief, or genuine AI-driven productivity gains, Bitcoin likely stays volatile and sloppy until early 2026.

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  • After worst October in six years, is Bitcoin poised for a November rally?

    After worst October in six years, is Bitcoin poised for a November rally?

    After worst October in six years, is Bitcoin poised for a November rally?

    • Bitcoin posted its first negative October performance in six years, now trading at $107k.
    • Fed’s hawkish comments on a potential December rate cut pressured the price.
    • November has historically been one of Bitcoin’s strongest months (42% mean return).

    Bitcoin is entering November on uncertain footing after suffering its first negative October performance in six years, a downturn that has left investors questioning whether the move was a healthy correction or the start of a deeper bear trend.

    The leading cryptocurrency is currently trading around $107,000, down 1.4% in the last 24 hours.

    The recent price weakness culminated in a significant deleveraging event on November 3, which saw over $1.16 billion in leveraged long positions liquidated, highlighting the intensity of the sell-off.

    Macro headwinds drive a ‘red October’

    The negative monthly performance occurred against a complex macroeconomic backdrop.

    While the US Federal Reserve delivered an anticipated rate cut, subsequent comments from Chair Jerome Powell tempered market expectations for another cut in December, creating uncertainty that pressured risk assets like Bitcoin.

    This caution was reflected in market data, with Bitcoin’s US-session returns cooling from a positive 0.94% on October 29 to a negative 4.56% over the past week, according to Velo data.

    On a more positive note, geopolitical tensions have eased following the trade agreement reached between US President Donald Trump and Chinese President Xi Jinping.

    A mid-cycle correction or the end of the bull run?

    Despite the recent downturn, some market experts believe the sell-off is a constructive development for the broader bull market.

    “So could this red October actually set up the next major leg of Bitcoin’s bull cycle? I think that’s entirely possible,” Rachel Lin, CEO of SynFutures, told Decrypt.

    Corrections like this tend to be the midpoint of a broader cycle rather than the end.

    This optimistic view is supported by strong on-chain data, which indicates that long-term structural demand from holders remains robust despite the short-term price volatility.

    History suggests a strong November rebound is possible

    Historical performance data also provides a bullish case for the coming month. November has traditionally been one of Bitcoin’s strongest months, posting an average return of 42% over the past 12 years.

    This trend, combined with a still-positive mean return of 6.05% for the third quarter, suggests the underlying uptrend remains intact.

    “For November, I expect a period of stabilization and cautious optimism,” Lin said.

    Bitcoin may trade sideways early in the month as markets absorb Fed commentary, but a decisive shift in tone could trigger a recovery.

    The expert maintains that if Bitcoin continues to follow its typical post-halving cycle, the long-term outlook remains bright.

    Citing strong fundamentals from ETF inflows to institutional adoption, Lin believes “a move toward $120,000 to $150,000 by the end of 2025 remains within reach.”


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