Bitcoin drops 1.42% as realized losses and a death cross pattern indicate bearish momentum

On November 16, 2025, Bitcoin fell by 1.42% in 24 hours to $93,899.82, marking its eighth straight week of declines with an 8.54% weekly loss and a 14% decrease over the last month. The cryptocurrency hovered near support between $90,000 and $95,000 as long-term holders continued to sell. Blockchain data showed realized losses for BTC hit $722 million, mirroring trends seen during major corrections in 2024 and early 2025. This selling activity is growing stronger as the market stays unstable, with BTC fluctuating between $35,000 and $125,000 since the beginning of the year.

Technical analysis for Bitcoin indicates a rise in bearish momentum. The 50-day moving average is close to dropping below the 200-day moving average, forming a “death cross,” which is typically seen as a bearish indicator. Historically, this pattern has aligned with local market bottoms in previous cycles, but its short-term predictive value has been limited. Recent statistics show that 55 death-cross events occurred for BTC from January 1, 2022, to November 16, 2025. The average returns in the 1–6 days after these events were negative but not statistically meaningful, suggesting the signal is not immediately reliable. However, from the seventh day forward, returns tended to improve, though not with strong statistical significance, implying that medium-term recoveries are frequent but not guaranteed.

Bitcoin’s share of the overall crypto market rose by 0.29% to 59.20%, highlighting the prevailing bearish mood as 75% of cryptocurrencies declined in value over the last day. At the same time, sentiment among retail investors has worsened, with social media chatter reaching its highest level in four months in early November. Experts suggest this spike may indicate growing fear and uncertainty among individual traders, who are becoming more vocal about market instability. Nevertheless, institutional players remain engaged, with MicroStrategy acquiring 487 BTC in a single day and now holding a total of 641,692 BTC worth over $65 billion.