Published: 18 November 2025,06:05
Daily Market Analysis New
*Crypto market extends heavy correction, with total market cap down 15–20% from October peak as BTC hits its lowest level since April.
*Institutional sentiment deteriorates, highlighted by a massive $867 million BTC ETF single-day outflow and increasing whale distribution.
*Macro headwinds intensify, with Fed rate-cut expectations and weakening equities adding pressure, keeping the crypto market in a prolonged corrective environment.
Market Summary:
The cryptocurrency market has extended its severe corrective phase, with total market capitalization declining approximately 15-20% from its October peak. Bitcoin has led the downturn, plummeting below the $92,000 level to its lowest point since April—representing a 25% decline from its all-time high of $126,000. Ethereum has shown parallel weakness, teetering just above the critical $3,000 psychological level and down over 35% from last month’s peak.
The sell-off has triggered significant liquidations throughout November, creating a cascading liquidity drain that continues to exert downward pressure across digital assets. Compounding the technical damage, institutional support appears to be faltering. Bitcoin ETFs recorded a substantial single-day outflow of $867 million, indicating a rapid withdrawal of institutional capital.
Further exacerbating the negative momentum, on-chain data reveals Bitcoin whales are distributing significant holdings, accelerating selling pressure on the flagship cryptocurrency and damaging sentiment across the broader digital asset ecosystem.
With market expectations shifting toward a potential Fed rate cut in December amid concurrent weakness in traditional equity markets, the crypto sector faces strong headwinds. The convergence of technical breakdowns, institutional outflows, and unfavorable macro conditions suggests the current corrective environment is likely to persist in the near term, with markets expected to remain under pressure until a sustained catalyst emerges to restore confidence.
Technical Analysis
BTC, H4:
Bitcoin’s downtrend has intensified, with selling pressure accelerating significantly following its breakdown below the key pivotal support near $106,500. The cryptocurrency has declined approximately 13% from that breakdown level and is now approaching a critical technical juncture at the $92,000 support zone.
While historical buying activity around such psychologically significant levels suggests a technical rebound is plausible, the risk of further downside remains elevated. A decisive break below $92,000 would represent a substantial bearish development, likely triggering accelerated selling that could push prices toward the $90,000 level and potentially lower.
Momentum indicators confirm the prevailing bearish bias. The Relative Strength Index (RSI) is hovering near oversold territory, reflecting sustained selling pressure, while the Moving Average Convergence Divergence (MACD) has completed a bearish death cross and remains entrenched below its zero line. This configuration suggests bearish momentum remains firmly intact. The $92,000 level now represents a critical battleground—a successful defense could stabilize prices for a technical bounce, while a breakdown would signal the next leg lower in the current corrective phase.
Resistance level: 98,650.00, 103,650.00
Support level: 86,785.00, 82,000.00
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