Bitcoin Drops Below $90K: Death Cross Causes Widespread Panic in Crypto

The price of Bitcoin, the most popular cryptocurrency in the world, has dropped sharply. The price dropped to $89,420 on November 18, 2025, the lowest level since February. This drop wiped out all of the gains made earlier in the year, which made investors nervous.

When Bitcoin’s 50-day moving average goes below its 200-day moving average, this is called a death cross. This technical signal often means that the market is going to go down. On November 16, 2025, it was confirmed, which made the sell-off worse.

In simple terms, it’s a sign that short-term prices are going down compared to long-term prices. Death crosses in the past have caused big drops, but they have also sometimes marked the end of declines.

Extreme Fear Grips the Market

The Crypto Fear & Greed Index is now at 15, which means “Extreme Fear.” It went down from 26 last week and 14 yesterday, which shows how quickly feelings changed. This index is like a mood thermometer for crypto; it shows how people feel about the market. People are scared when it’s this low, and they often sell in a hurry. But history shows that these times can be great times to buy for those who are brave.

https://coinmarketcap.com/charts/fear-and-greed-index

A lot of things made Bitcoin go down. Long-term holders sold about 815,000 BTC, and ETF outflows went up a lot. More than $520 million in liquidations happened, mostly because bullish bets went wrong.

Tech stocks also fell, and worries about the economy as a whole, like uncertainty about Fed rates, were a factor. In just one day, the market lost $170 billion.
If support levels break, analysts say prices could drop even more, to $80,000 or even $75,000.
But some people see this as a reset, and whales (big investors) are still buying.