Crypto News Today, November 18: What’s Causing the Drop in Bitcoin Prices? Should We Anticipate a Bear Market Now That the Price surge Has Not Boosted Altcoins?
What’s causing Bitcoin’s steep decline this week? The value of Bitcoin has retreated towards the $90,000 range, with the pessimistic trend in altcoins worsening as ETH, Solana, and various mid-cap tokens suffer significant losses in the double digits.
The inquiry into Bitcoin’s drop has become a central topic across discussions, forums, and X. Nevertheless, the growing unease implies we might be approaching an emotional tipping point where despair challenges everyone’s belief.
Can’t sell because it’s so bad
Can’t buy due to lack of funds
— Ash Crypto (@AshCrypto) November 17, 2025
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What’s Behind the Decline in BTC Prices? Liquidations, Sentiment Drop, and Technical Strain
Today, BTC prices plunged below $90,000 following over a billion dollars in liquidations, with approximately $800 million impacting overleveraged long positions. This disparity alone clarifies a portion of the reason behind Bitcoin’s drop. As more long positions are closed, the downward momentum perpetuates.
Moreover, major ETF outflows are exacerbating the current distress. We witnessed nearly a billion dollars withdrawn in just one day, further deepening the pessimistic crypto market for altcoins as liquidity diminished across the industry.
From a technical viewpoint, the chart patterns aren’t providing any relief. A fresh death cross has materialized on Bitcoin’s daily chart, while the RSI has dipped into the low 30s, indicating exhaustion, albeit not yet confirming a reversal.
(source – TradingView)
Long-to-short ratios have recently fallen below 0.9 for the first time in months, signifying that shorts have finally surpassed longs. Historically, this mix of significant short positions, declining sentiment, and forced selling reflects the structure of capitulation phases from 2022, which eventually led to major bottom formations.
(source – CoinGlass)
Historically, November tends to perform well, with an average gain of around 9% over the last decade. However, 2025 seems to be an exception. Inflation surprises coupled with dwindling expectations of a Fed cut come December have weighed on risk assets like crypto, especially amidst the current tech downturn.
Furthermore, the unloading of hundreds of thousands of BTC by large holders over recent weeks has contributed to Bitcoin’s decline, pushing nearly a third of the total token supply into unrealized loss territory.
crypto’s in such bad shape even the chart is hesitant to show itself
pic.twitter.com/RXlZ0YV7TG
— Shibetoshi Nakamoto (@BillyM2k) November 18, 2025
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Is This the Bottom While the Non-BTC crypto Bear Market Continues?
The recent weakness in BTC prices appears to be capitulation rather than the onset of a more profound structural breakdown. Fear and Greed indicators have plummeted into extreme fear, reaching levels unseen since late 2022.
Crypto Fear and Greed Index
Greed
Generally, when forums are filled with hopelessness, aggressive shorting takes place, and market fluctuation saps market fluidity from altcoins, the conditions for a reversal quietly begin to take shape. Even in 2018, a harsh November crash reset positioning before launching a multi-month recovery.
In the midst of the turmoil, some signs of accumulation have surfaced. Multiple large wallets have gathered tens of thousands of Bitcoin this week, providing a counterbalance to the selling pressure. If BTC can sustain mid-80K levels, it may echo the stair-step bottoming patterns observed in earlier cycles.
Honestly, it baffles me.
It will rise much higher. pic.twitter.com/uV9mVtwuEN
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖
The altcoins’ bear market will likely trail any recovery, but eliminating excess leverage often paves the way for a healthier breakout.
This seems to be the month of anguish. Why is Bitcoin declining? Because all the weak hands are being shaken out. And historically, that’s when bottoms form, just as everyone thinks the pump has already failed.
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What’s Causing the Downturn in Crypto? Analyst’s Analysis on the Market’s Plunge
The question of why crypto is down has emerged as the most critical inquiry in the market today, with BTC, ETH, and key altcoins amplifying their November losses. The total cryptocurrency crypto market cap has dwindled toward $3.1 trillion, while BTC has decreased from its recent peak of around $126K down to the $90K level.
Fear is escalating rapidly, with liquidations escalating beyond $800M in a single day, as the Crypto Fear & Greed Index dives into extreme fear territory. What triggered this turmoil, and was the “data-scarce November” a contributor to the FUD?
Read the complete article here.
The post Crypto News Today, November 18: What’s Causing the Drop in BTC Prices? Are We Predicting a Bear Crypto market Following the Bull Run’s Failure to Elevate Altcoins? appeared first on 99Bitcoins.
