Bitcoin Falls Below $94,000 for First Time Since May Amid 'Extreme Fear' Sentiment

Analysts highlighted retail distress, rare social-dominance surges and warnings of a possible deeper pullback as several major tokens remained under pressure.

Nov 16, 2025, 6:49 p.m.

Bitcoin slipped to its lowest level since May on Sunday before paring some losses, as sentiment across the crypto market stayed locked in extreme fear. The Crypto Fear & Greed Index stood at 10, in its extreme fear band, after already sitting at the same level on Saturday.

Bitcoin BTC$94,062.31 was trading around $95,087 at 6:20 p.m. UTC, down 1% over the past 24 hours after briefly dipping below $94,000 earlier in the day, its lowest point since May 6 based on TradingView data.

BTC-USD YTD Chart (TradingView)

Across the majors, ether ETH$3,059.77 declined 3.23% to $3,113, XRP fell 2.1% to $2.21, BNB slipped 1.6% to $926.21 and solana SOL$141.95 dropped 3.6% to $137.79.

Analysts see room for deeper declines

Crypto analyst Ali Martinez said on X that bitcoin had broken out of a channel, arguing that the move could open the door to a potential slide toward $83,500.

Analyst Benjamin Cowen noted bitcoin registered a death cross, adding that prior examples often marked local lows. He said bitcoin would need to bounce within the next week for the cycle to stay intact and warned that a failure to do so could lead to another drop before any larger rally back to the 200-day moving average. Cowen urged traders to “trade the market you have, not the market you want.”

Retail panic signals a potential reversal

Market intelligence platform Santiment said bitcoin discussion rates spiked to a four-month high during Friday’s slip below $95,000, pointing to elevated retail fear. The firm said such surges in social dominance can increase the probability of market reversals, although it stressed the pattern is not a guarantee.

Michael Saylor hints at a large bitcoin purchase

Strategy (MSTR) Executive Chairman Michael Saylor signaled the company will announce its latest bitcoin acquisition on Monday, posting the phrase “Big Week” on X, while attaching a screenshot from StategyTracker, the leading real-time bitcoin treasury analytics platform.

Gold widens its lead over digital assets

Market strategist Charlie Bilello pointed out that gold is up 55% this year, calling it 2025’s best-performing major asset, while calling bitcoin — up roughly 1% — the worst-performing major asset. He described the divergence as the inverse of 2013 and noted such a dynamic has not appeared in any prior calendar year.

Bitcoin Approaches 'Death Cross' as Market Tests Major Historical Pattern

Despite its bearish reputation, every death cross in the current cycle has marked a major local bottom.