November 18, 2025 – Bitcoin just printed $89,420, its lowest level since February. That single candle erased every bit of 2025’s gains and pushed the price down more than 29% from the October all-time high of $126,250.
The Crypto Fear & Greed Index is sitting at 11 – the lowest since the 2022 bear market. We are officially in “extreme fear” territory.
This is not a crypto-specific meltdown. BTC is simply doing what it always does in risk-off environments: acting like the most leveraged tech stock on earth.
What Actually Broke the Market
- A confirmed death cross (50-day MA under 200-day MA) combined with a clean break of the 200-day moving average.
- U.S. spot Bitcoin ETF inflows have gone from +$25B earlier this year to dead flat / negative for almost two weeks straight. BlackRock’s IBIT alone saw a record ~$1.26B outflow this month.
- Corporate treasury buyers (MicroStrategy-style) have hit the pause button.
- OG whales who stacked pre-2024 continue distributing at the fastest pace of the cycle.
- Newer buyers (last 12–24 months) are panic-selling 20–50% gains because “the bull market peaked in 2025” FUD is everywhere.
- Billions in leveraged longs liquidated + thin weekend liquidity = cascade city.
Key Tweets Explaining the Pain
“The recent sell off is from newish buyers… They bought in the last 12-18 months… and are ‘taking profit’ for 20%-30% fiat gains… This cohort of sellers is also depleted, and HODLers with conviction have now taken their coins.”
— Samson Mow (@Excellion)
https://x.com/Excellion/status/1988008323762004164
Why This Looks Like a Classic Shakeout
Sentiment this bad almost never lasts. On-chain data shows long-term holders are absorbing supply, Bitcoin dominance is spiking (alts getting wrecked first), and the Fear & Greed Index below 15 in a post-halving bull year has always marked monster reversals.
Top Bottom-Calling Tweets Right Now
“Bitcoin is literally free at $91,000. The bottom is near, and then BTC will pump straight to $150,000!!”
— @3orovik
https://x.com/3orovik/status/1990613964888150275
“I’ve only seen sentiment this bad 3 times before: 2018 lows, COVID crash, FTX collapse. Things can stay negative for awhile, but I find it hard to believe we’re closer to the top than to the bottom.”
— @BitcoinIsaiah
https://x.com/BitcoinIsaiah/status/1990469332866879876
“… and THAT my friends is what a bottom looks like!”
— @PrecisionTrade3
https://x.com/PrecisionTrade3/status/1990223243832348750
Price Levels – November 18, 2025
| Level | Price | Note |
| Current | ~$91,500 | Bouncing off $89,420 low |
| Support | $88K–$90K | CME gap + liquidity |
| Deeper Support | $72K–$78K | 2024 highs / heavy on-chain buying |
| Resistance | $93K–$94K | Broken 200-day MA |
| Big Round Number | $100K | Psychological wall |
For more on the death cross and ETF reversal: CoinDesk – Bitcoin Crashes Under $90K as Death Cross Creates ‘Extreme Fear’ Sentiment
NFA – but this is starting to look like one of the best buying zones of the entire bull market.