My Market Observations: A Week of Serious Challenges
As an investor who has experienced several market cycles, I am observing a unique situation: Bitcoin has broken through the psychologically important $90,000 mark for the first time in seven months. It is currently fluctuating in the $89,000–$93,000 corridor, which is almost 30% below the October peaks above $126,000.
Ethereum has also shown weakness, falling below $3,000 and trading in the $2,900–$3,050 range. Compared to the August highs, the pullback has been 35–40%, reaching four-month lows.
The Scale of the Decline: What Do the Numbers Say?
Over the past month and a half, the crypto market has lost over $1–1.2 trillion in capitalization. The total market capitalization has shrunk from $4.4 trillion to $3.1 trillion – this is a serious blow to investor sentiment.
Key Reasons for the Crash: An Inside Look
Macroeconomic Backdrop: Flight from Risk
From my experience, I note: uncertainty regarding the Fed’s rate cuts, a strengthening dollar, and the yield on 10-year Treasury bonds above 4% have pushed investors away from speculative assets. The risk-off sentiment observed in November has increased pressure on cryptocurrencies.
ETF Outflows: A Worrying Signal
The largest US Bitcoin ETF, IBIT, recorded an outflow of approximately $1.6 billion from October 30 to November 17. As a result, over the past few weeks, more than $2 billion has been withdrawn from cryptocurrency investment products – this is a notable reversal after periods of inflows.
Leverage and Liquidations: A Chain Reaction
Intensive use of leverage has exacerbated the fall. In recent sessions, hundreds of millions in BTC and ETH have been liquidated. Bitcoin’s break below $90,000 is being called by many part of the “Great Crash of 2025,” which has wiped out the year’s profits.
Psychological Shock: Trend Change
A 25–30% drop from the highs and a loss of over $1 trillion in capitalization – now BTC is underperforming even bonds and gold. This has reinforced expectations of a deep correction rather than a short-term pullback.
Critical Levels: Where Are the Turning Points?
Bitcoin (BTC)
Current Spot Zone: $89,000–$93,000
Key Support: $84,000–$86,000
If selling continues, this is the next main decline zone
Resistance: $95,000–$100,000
The first psychological zone after losing the six-figure level
Ethereum (ETH)
Current Spot Zone: $2,900–$3,050
Support: $2,800–$2,900
Area of recent liquidation clustering
Resistance: $3,000–$3,100
The first obstacle for a significant recovery
Platform Selection Recommendation
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Information is provided for educational purposes only and is not financial advice. Cryptocurrency trading involves risks. Trade responsibly.
