Bitcoin Plunges Below $90,000 as Panic Selling Intensifies – November 2025 Market Turmoil
- Why Is Bitcoin Crashing Below $90,000?
- Is This Just Another Bitcoin Correction?
- What’s Fueling the Panic Selling?
- Where’s the Bottom for Bitcoin?
- Frequently Asked Questions
Bitcoin’s price has nosedived below $90,000 for the first time in seven months, sparking a wave of panic selling. The Crypto Fear & Greed Index has hit a yearly low of 15, mirroring post-halving volatility in 2024. Historical data suggests this could be a buying opportunity, as bitcoin has rebounded from similar drops in the past. Meanwhile, Mt. Gox’s recent transfer of 10,608 BTC ($953 million) has added fuel to the fire. Let’s break down what’s happening and why seasoned traders aren’t hitting the panic button—yet.
Why Is Bitcoin Crashing Below $90,000?
Bitcoin’s freefall accelerated this week, dropping below $90,000—a level not seen since April 2025. The sell-off has been brutal, with BTC losing nearly 30% from its October peak of $126,000. Retail investors are capitulating, while institutional demand has stalled after the Federal Reserve dashed hopes of aggressive rate cuts. According to CoinGlass data, $563 million in BTC positions were liquidated in 24 hours, with longs making up 71% of the carnage. Ouch.
Is This Just Another Bitcoin Correction?
If history repeats itself (and it often does in crypto), this might be a classic "buy the dip" moment. Since 2017, Bitcoin has endured:
- Over 10 crashes of 25% or worse
- 6 drops exceeding 50%
- 3 catastrophic plunges beyond 75%
Each time, BTC eventually clawed back to new all-time highs. As the BTCC research team notes, "These violent pullbacks typically mark cycle bottoms, not tops." The Fear & Greed Index at 15? That’s usually when smart money starts accumulating.
What’s Fueling the Panic Selling?
Three factors are driving the dumpster fire:
- Fed fallout: Jerome Powell’s refusal to signal rate cuts killed the "easy money" narrative.
- ETF stagnation: Crypto ETFs, 2025’s darling, have seen inflows dry up.
- Mt. Gox moves: The defunct exchange shifted 10,608 BTC ($953M), spooking traders despite repayments being delayed until 2026.
Volume spiked 55% to $116 billion—proof that everyone’s scrambling like it’s a Black Friday sale on Bitcoin.
Where’s the Bottom for Bitcoin?
Analysts are eyeing the $88,000-$90,000 zone as critical support. Why? That range has historically acted as both launchpad and crash mat. Some hedge funds are reportedly circling like vultures, waiting to scoop up cheap BTC. As one trader on BTCC quipped, "When blood’s in the streets, even if it’s your own, you buy."
Frequently Asked Questions
How low could Bitcoin go in November 2025?
While $88,000 is the immediate support, another Fed hawkish surprise could test $85,000. That said, the current RSI suggests BTC is oversold—a typical bounce setup.
Should I sell my Bitcoin now?
This article does not constitute investment advice. Historically, selling at extreme fear levels has been a losing strategy. The BTCC team recommends dollar-cost averaging during volatility.
Is Mt. Gox causing this crash?
Partially. The 10,608 BTC transfer spooked markets, but the real issue is macroeconomic uncertainty combined with overleveraged positions getting wrecked.
