- Bitcoin dropped below $93K after a confirmed death cross, then rebounded slightly to the mid-$90Ks.
- Market sentiment has flipped to extreme fear as ETF outflows, macro worries, and dormant-coin selling weigh on price.
- BTC has erased most of its 2025 gains, entering its longest consolidation in years with volatility still elevated.
Bitcoin’s volatility ramped up again as the asset dipped to an intraday low of $92,929 before crawling back above $94,000 late Sunday night. By Monday morning, BTC steadied around $95,305, but the move below $93,000 came immediately after a confirmed death cross — the 50-day moving average cutting below the 200-day — a classic bearish signal that often hints at deeper downside pressure.
Death Cross Hits as Sentiment Drops Into Extreme Fear
The death cross didn’t mandate a collapse, but it highlighted a clear shift in momentum. Traders saw BTC slide again early Monday despite Strategy’s near-billion-dollar buy, pulling the price back into the $93,000 region. Market sentiment has now plunged into “extreme fear,” with the Crypto Fear & Greed Index flashing levels not seen since May.
Profit-taking from the October all-time high above $126,000, distribution from dormant wallets, and shrinking odds of a December Fed rate cut have layered pressure on the charts. Add rising concerns over an AI bubble and doom-narrative headlines, and you get a fragile environment where every dip feels heavier than the last.
ETFs Show Outflows as Risk-Off Mood Spreads
The broader market isn’t helping. Equities — especially tech — are wobbling, and institutions have pulled capital from spot Bitcoin ETFs for five straight weeks. Five weeks of ETF outflows often marks a structural shift rather than temporary skittishness, and BTC’s price now reflects that pressure.
Bitcoin has now erased nearly all of its 2025 gains, slipping into its longest consolidation stretch in years. Thin weekend liquidity and cooling spot demand have amplified every move, creating a drip-lower structure that traders are watching closely.
What Happens Next?
A death cross simply signals shifting momentum — not destiny. But in the middle of extreme fear, thin liquidity, and heavy macro pressure, these signals tend to weigh more on trader psychology. Whether Bitcoin finds footing above the mid-$90Ks or retests the $92K zone will set the tone for the rest of November. Here is what traders should monitor closely as the market struggles to regain confidence.
