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Bitcoin News Today: Bitcoin Faces $94,000 Crossroads—Will Anxiety Trigger a Surge or Worsen the Downturn?

Bitcoin News Today: Bitcoin Faces $94,000 Crossroads—Will Anxiety Trigger a Surge or Worsen the Downturn?

Bitget-RWA2025/11/16 19:12
By:Bitget-RWA

- Bitcoin fell below $94,000 for the first time since May 2025 as the Crypto Fear and Greed Index hit a record low of 16, signaling extreme market fear. - The selloff, driven by a 23% drop from its peak and 815,000 BTC sold by long-term holders, erased $130 billion in 24 hours, with leveraged positions and altcoins also plummeting. - Analysts warn a breach of the $92,000–$94,000 range could extend the correction until mid-2026, while XWIN Research highlights fragile sentiment and elevated volatility amid m

Bitcoin dropped below $94,000 for the first time since May 2025, as the Crypto Fear and Greed Index plunged to a historic low of 16, indicating widespread panic in the market. The sharp decline, which marks a 23% fall from Bitcoin’s record peak, was accompanied by long-term investors offloading more than 815,000 BTC in early November,

and postponed U.S. economic reports. Within a single day, $130 billion in market capitalization vanished, .
Bitcoin News Today: Bitcoin Faces $94,000 Crossroads—Will Anxiety Trigger a Surge or Worsen the Downturn? image 0
More than $1 billion in leveraged trades were wiped out, .

This downturn highlights a broader shift in macroeconomic outlook.

have led to tighter liquidity, and risk assets like technology shares and gold have also suffered. Bitcoin’s slide beneath the $100,000 psychological threshold—a major support area—has increased bearish momentum. , with some analysts suggesting mining costs around $94,000 could serve as a bottom. XWIN Research, however, cautions that if the $92,000–$94,000 zone fails, the correction could persist into mid-2026, .

Caution among investors remains elevated,

and sentiment is described as “fragile and lacking clear direction.” ETF investments have reversed course sharply, , reflecting declining interest from institutional players. , with $600 million in forced long liquidations triggering a cascade of selloffs.

Even with the prevailing gloom, past trends indicate that extreme fear can sometimes precede a rebound.

, the lowest since February 2025, has often come before short-lived rallies. Still, and instability in the AI industry, could extend the slump. Michael Saylor, CEO of Strategy, has , though his firm’s recent difficulties—including a 56% drop in share price—have not restored market confidence.

Market participants are now closely monitoring for signs of a recovery or further losses. Experts stress that maintaining levels above $94,000 is crucial, as it represents an intersection of psychological, technical, and mining cost factors.

and volatility remaining high, the outlook is still uncertain.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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