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So, what’s happening behind the drop? Let’s dig in.
What Are the Key Drivers?
Weakening Risk Appetite & Macro Headwinds
Bitcoin is being treated like a risk asset and when risk appetite shrinks, crypto gets hit. Investors are growing cautious amid uncertainty around interest rates, inflation and global financial markets. Bitcoin falls under $90,000 November 2025 market drivers
Technical Breakdown & Momentum Shift
When Bitcoin fell beneath the ~$98,000 support zone and breached ~$90,000, that triggered stop-losses and rapid selling. One analyst pointed to a “death cross” a bearish technical pattern as intensifying the fall.
Institutional and Leverage-Driven Liquidation
Large institutions and funds that piled into the rally may be trimming exposure. At the same time, leveraged derivatives (futures) are being unwound, which amplifies downward price moves.
Market Sentiment and Supply-Side Pressure
Sentiment has soured; market participants are less confident. Meanwhile, long-term holders may be shifting strategies which, along with the mechanical logic of fewer new coins over time, creates supply‐tight conditions that can exacerbate swings.
Why You Should Care
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Sentiment matters: A fall like this can cascade, not just in crypto, but across correlated assets (tech stocks, growth plays).
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Liquidity risk: When large players move or sell, smaller investors may find fewer buyers at key levels.
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Valuation re-set: What was once considered “overly ambitious” may now face closer scrutiny. Bitcoin’s risk/reward profile is shifting.
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Opportunity or caution? Some see the drop as a chance to buy if they believe in the long-term thesis. Others move to reduce exposure until clarity returns.
What Happens Next?
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Watch support levels: Analysts see ~$75,000 as a possible next support zone if the slide continues.
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Keep an eye on derivatives and exchange flows: If futures open interest falls, it may signal deleveraging; if exchange-wallet inflows increase, that could hint at selling pressure.
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Macro events matter: Rate cuts, inflation prints, and policy announcements could all change the trajectory.
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Is panic selling done? If much of the leverage has been cleared, some strategists believe Bitcoin might be setting up for a rebound. For instance, JPMorgan recently signalled “significant upside” after deleveraging.
FAQs
Q1: Has Bitcoin really dropped under $90,000?
Yes recent data show Bitcoin dipped below $90,000, erasing much of its 2025 gains and marking its weakest level in months.
Q2: What caused the drop in Bitcoin’s price?
Multiple factors: reduced risk appetite in global markets, technical breakdowns triggering selling, institutional/leveraged positions being cleaned up, and macroeconomic concerns about rates and inflation.
Q3: Does this mean the crypto bull market is over?
Not necessarily. While the drop is significant and bearish in the short term, many analysts view it as a correction or reset rather than the end of crypto’s long-term potential (especially for Bitcoin).
Q4: Should I sell my Bitcoin because of this drop?
This isn’t financial advice. Whether to hold or sell depends on your risk tolerance, investment horizon and beliefs about crypto’s future. Many investors see the drop as an opportunity if they believe in the long-term thesis.
Q5: What’s the next big support level for Bitcoin?
If the slide continues, one widely cited support zone is around $75,000.
Q6: Could Bitcoin rebound soon?
Yes. Some firms like JPMorgan think that after the current deleveraging phase, Bitcoin could have “significant upside” relative to assets like gold.