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On November 18, 2025, Bitcoin plunged to a new seven-month low, trading at $90,000.
This brought to an end the much-talked-about post-election rally as institutions booked profits while rate-cut expectations collapsed.
Crypto tanked to $89,390 before recovering slightly to $89,990 on Monday, November 17; down 5.55% on the day and now negative year-to-date after October’s surge past $126,000.
Meanwhile, spot bitcoin ETFs bled another $3 billion in net outflows over the past three weeks, the heaviest exodus since launch. This could signal that institutions are locking in gains and rotating into fixed income ahead of year-end.
As Bitcoin fell below the $90,000 mark in today’s session, Rachael Lucas, Lead Analyst at BTC Markets, called the drop a crucial psychological breach that underscored the fragility of the current market. She asserted that institutional investors were driving the trend, with ETF outflows clearly indicating a shift toward deliberate risk-off positioning ahead of year-end.
Vincent Liu, CIO at Kronos Research, added that: “Long-term holders remain confident, but short-term traders, leveraged players, and funds adjusting exposure are driving the selling pressure.”
Liquidity remained pinched, as the erstwhile U.S. government shutdown kept the Treasury General Account elevated, restricting dollar supply into markets and amplifying downside momentum.
Fed pricing, on the other hand, has turned bearish. A check on CME FedWatch now shows only a 42.9% chance of a December cut, down sharply from early-November expectations, after hotter-than-expected inflation prints.
Crypto traders and industry watchers are looking at $85,000–$87,000 as the next major support zone. In the event of a clean break below $80,000, risks a slide toward February’s $74,000 low.
Commentators remain upbeat that the government reopening after what has become the longest shutdown in U.S. history could trigger a release of hundreds of billions in liquidity in a matter of days. Also, a positive change in unemployment data could revive cut odds.
Truly, year-end tax-loss selling and looming Mt. Gox creditor distributions could create short-term pressure. Still, long-term holders have sharply increased accumulation at these prices; a trend that has preceded every major rally in 2024 and 2025.
Meanwhile, it was not all doom. Altcoins held up better, with Solana down just 2.81% against Bitcoin’s 5.27%, suggesting capital could be rotating into higher-beta ecosystems rather than exiting crypto entirely.With the Fear & Greed Index sitting at 11, extreme fear territory that has historically marked durable bottoms, it is hoped that Crypto will weather these storms and rebound soon enough.
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