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Weekly crypto update : BTC drops below $100K to $94K, Fear & Greed Index hits 10, ETF redemptions surge, and macro pressure intensifies.
Author: Chirag Sharma
Published On: Sun, 16 Nov 2025 21:27:19 GMT
The crypto market faced its most intense correction in months during the week of November 10 to 16, 2025, as risk-off sentiment swept across global markets. The total crypto market capitalization plunged more than 8%, settling near $3.33 trillion by November 17.
Bitcoin (BTC) led the downturn, sliding from around $106,000 on November 10 to a six-month low of $94,491 before rebounding slightly to $95,871. That marked a 6.3% weekly loss, confirming a bearish tone that rippled through the broader market. Ethereum (ETH) fell about 7% to $3,147, while XRP held firmer, dipping only 1.2% to $2.25. BNB stood out as the lone large-cap gainer, up 2.4% to $933 amid ecosystem growth.
Trading volumes contracted by over 50%, with BTC’s 24-hour volume dropping to $52.3 billion, reflecting reduced liquidity and elevated caution.
$TEL (+86%) – Rallied after becoming the first regulated digital asset bank in the U.S., driving institutional optimism.
$FIRO (+81%) – Gained from renewed privacy narrative momentum and community advocacy.
$STRK (+47%) – Jumped after 20% of its total supply was staked, boosting scarcity.
$AB (+38%) – Surged as the USD1 stablecoin went live on its platform.
$ZANO (+21%) – Rose following the release of Zano Mobile v3.0.0, improving user accessibility.
$AIA (–85%) – Plunged amid sharp correction after recent rallies.
$MMT (–45%) – Dropped following multiple rejections at key resistance levels.
$PLUME (–38%) – Formed a descending triangle on charts, signaling bearish continuation.
$ICP (–34%) – Hit by heavy profit-taking after prior weeks’ gains.
$FIL (–32%) – Weakened under sell pressure across storage-focused tokens.
Bitcoin’s price action defined the week. The asset fell below the critical $100,000 psychological level for the first time since June, sending shockwaves across markets. The drop coincided with a tech and AI sell-off in equities, where Nasdaq plunged 2.5% and BTC’s correlation to the S&P 500 spiked to 0.90.
Whale behavior added to the panic. Over $45 billion in BTC-linked positions were liquidated, while long-term holders offloaded 866,000 BTC (worth $83 billion) over the last four months, signaling profit rotation into new hands.
On-chain data showed LTH supply at 14.97 million BTC, suggesting a maturing cycle where older holders distribute to newer entrants. Near-term resistance remains at $112,000, while short-term support sits around $93,000 to $94,000.
Liquidations across exchanges totaled $717 million, while ETF redemptions on November 13 reached $870 million, the largest single-day outflow since June.
The Crypto Fear & Greed Index collapsed to 10 (Extreme Fear) on November 15, its lowest reading since February 2025. This represents a 66% drop from October highs, reflecting deep anxiety across both retail and institutional segments. Analysts at Santiment noted this extreme pessimism has historically preceded 40–60% rebounds within one to three months.
Technically, Bitcoin confirmed a critical breakdown. The weekly close below the 50-week Simple Moving Average (SMA) at around $102,800 marks the first breach since early 2023. Historically, such breaks have signaled corrections of 20–40%, similar to pullbacks in late 2019 and mid-2021.
The RSI dipped below 44, the weakest level of this bull cycle, indicating loss of momentum. Analysts warn that two consecutive weekly closes under the 50-week SMA would imply 60–70% odds of an extended downturn, with the next major support at $93K.
Macro factors compounded the decline. The ongoing U.S. government shutdown delayed key data, leaving the Federal Reserve in a data vacuum ahead of its December 10 meeting. Liquidity remains tight, with reserves nearing 2019 repo-crisis lows and quantitative tightening still in effect.
President Trump’s stimulus proposal added complexity. His plan for $2,000 checks funded by 25% tariffs on Mexico and Canada and 10% on China raised concerns about inflation and deficit expansion. Economists estimate a $650 billion impact, reminiscent of 2020’s inflationary spike.
These fiscal and policy uncertainties fueled the sell-off, breaking the traditional “Uptober” seasonal strength and producing crypto’s worst Q4 performance since 2019.
Global tensions added fuel. Renewed U.S.–China trade disputes and tariff hikes correlated closely with Bitcoin’s 24% drop from its October high of $126,000.
Despite the carnage, several fundamentals remain strong:
Bitwise’s CEO called this stage “a six-month bear nearing exhaustion,” suggesting a potential turnaround heading into 2026.
