Crypto Crash Updates: November 18, 2025 Live Analysis & Insights – TradingView News

Bitcoin sentiment has plummeted to levels not seen since the Luna crash, with the Fear & Greed Index hitting a low of 11. This downturn follows a complete absorption of all downside liquidity, even falling below the $92,000 mark, and the closure of the CME gap. Typically, such dismal sentiment can lay the groundwork for a potential rebound. Technically, Bitcoin is showing significant weakness, trading far below its 20-day moving average and weekly trend, which historically suggests a possible bounce back to the $95,000 to $100,000 range. While a rapid recovery is unlikely, a consolidation phase seems to be the most probable trajectory ahead. Those who cling to rigid beliefs in the four-year cycle might find themselves left behind during this tumultuous period.

Monitoring Real-World Asset Adoption Metrics

For those interested in the adoption of real-world assets (RWA), a critical metric to consider is the Distributed Value, which represents the total amount of tokenized assets that investors are actually holding in their wallets and custody—not merely those issued on the blockchain. This figure provides insight into true demand, product-market fit, and whether the necessary infrastructure is prepared for scaling. Notably, AVAX has emerged prominently with over $953 million in distributed value, with more than 77% actively held. While tokenization may be straightforward, fostering user trust to hold assets on-chain is what truly matters.

Crypto Market Pullback: A Reset Rather Than a Reversal

The recent sharp decline in the cryptocurrency market appears to be primarily driven by ETF outflows and the unwinding of leverage, rather than indicating a broader trend reversal. A broader perspective reveals that the ongoing cycle remains intact; this downturn aligns more closely with a cooling-off phase typical of a late cycle rather than signaling the onset of a new bear market. Important factors such as interest rates, liquidity, and general market positioning have not undergone significant changes. In summary, this market adjustment seems more like a healthy reset within a prevailing upward trend.

Metaplanet Faces Unrealized Bitcoin Losses

Metaplanet currently holds 30,823 BTC valued at approximately $2.78 billion, but with an average acquisition cost of $108,036, the company is experiencing unrealized losses of about 16.86%. Its stock has reverted to levels last seen in April 2025. Despite this downturn, CEO Simon Gerovich has reaffirmed that Metaplanet’s strategy remains unchanged, emphasizing that short-term fluctuations will not derail their long-term plan for Bitcoin accumulation.

Bitcoin’s Decline: A Systematic Unwind

The recent pullback in Bitcoin is not attributable to a single causative factor but rather represents a comprehensive deleveraging cycle. BTC experienced a rise from $40,000 to $126,000 fueled by Fed-easing expectations and substantial ETF inflows. However, once the Federal Reserve shifted to a hawkish stance, the entire narrative unraveled. Institutions exited through ETFs, long-term holders took profits, and approximately $20 billion in leveraged positions were liquidated, resulting in a cascading sell-off. With a lack of natural buyers and ongoing deleveraging, the market is in the process of repricing to establish a new equilibrium based on genuine capital rather than speculative interest.

Meteora Expands Solana Ecosystem with MET2 Listing

On November 18, 2025, Upbit will list the MET2 token, enabling trading in KRW, BTC, and USDT pairs. Deposits will open two hours following the announcement. Meteora, a liquidity infrastructure based on Solana, utilizes its Dynamic Liquidity Market Maker and Dynamic Automated Market Maker to enhance capital efficiency. Initially, the MET2 token will reward liquidity providers, with plans for its use to expand into staking and governance roles within the Meteora ecosystem.

Vitalik Buterin Critiques FTX’s Centralization

Ethereum co-founder Vitalik Buterin has stated that FTX’s collapse can be attributed to its opposition to the core principles of Ethereum. He highlighted that centralized exchanges rely on a lack of transparency, which he views as the fundamental cause of their failures. In contrast, Ethereum promotes a decentralized community with open development and permissionless access, rather than operating as a secretive entity. Meanwhile, Ethereum’s price has dropped by 39% since August, falling below the $3,000 mark and adding strain to an already volatile market.

XRP Shows Resilience Amid Bitcoin Struggles

Despite Bitcoin’s difficulties in maintaining its position above $100,000, XRP has displayed surprising strength, buoyed by anticipated ETF inflows and positive momentum from Ripple. There is growing excitement around a potential “XRP season.” In contrast, Bitcoin appears to be losing momentum at six-figure price points. Many retail investors find these prices psychologically unappealing, although the real focus should be on owning a portion of the market cap. This does not signify the end for Bitcoin; however, the narrative likening it to digital gold may be waning, leading the market to explore which asset could rise to prominence next.

Market Participation Declines as Small Caps Lag

Small-cap stocks are once again trailing in performance. Currently, only 25% of S&P 500 industry groups are trading above their ten-week moving averages, marking the lowest rate since the sell-off in April. This translates to just six out of twenty-five sub-industries maintaining their upward trend. In recent weeks, this share has decreased by around sixty points. As market breadth narrows, only about 44% of S&P 500 stocks remain above their fifty-day moving averages, reflecting one of the weakest conditions observed since April.

Mt. Gox’s Bitcoin Transfers Trigger Market Anxiety

Mt. Gox has moved over $900 million worth of Bitcoin, suggesting that a significant distribution may be imminent. This timing has raised concerns within the market, especially given that insiders have been heavily selling in recent weeks, leading many to speculate that they were positioning themselves ahead of this transfer. The added pressure exacerbates an already fragile market climate, with traders on high alert for potential repercussions if these coins enter circulation.

Major Bitcoin Reversal May Catch Investors Off Guard

When Bitcoin finally stages a recovery, many investors may remain skeptical of the move. Prices could rise to $98,000, $100,000, $105,000, or even $107,000, yet some will still perceive it as merely a temporary uptick. Genuine confidence may only return once Bitcoin surpasses $110,000, $112,000, and eventually $114,000. By the time Bitcoin exceeds $118,000, the market will realize it has surged by $25,000, leaving many hesitant investors behind. This pattern is typical of major reversals, often catching investors unaware.

Bitcoin Approaches CME Gap Amid Extreme Fear

Bitcoin is on the verge of closing the CME gap today, but an essential question arises regarding its position within the current cycle. The Fear & Greed Index has dramatically fallen to 14 out of 100, a level typically associated with significant stress events. The last two instances of such low readings occurred in February 2025, when Bitcoin declined by 20% within a month, and during the Luna collapse in June 2022. The current market sentiment mirrors those challenging times, characterized by pain, chaos, and emotional strain. Nonetheless, history indicates that these periods are temporary, with extreme fear eventually dissipating, and patience often yielding positive results.

Bitcoin’s Decline Deepens, Yet One Bullish Signal Remains

Despite Bitcoin’s 28% decline, none of the thirty established indicators of a bull market peak have activated. The weekly close has dipped below the fifty-week moving average, and significant weekly fifty percent levels have been breached. Nevertheless, one substantial technical support remains intact: the macro fifty percent level. The TIA overbalance rule will play a critical role in the upcoming days, providing the earliest indication of whether bulls can uphold this crucial line of support.

Market Pullback Seen as Opportunity Rather Than Crisis

The recent market decline is not isolated to Bitcoin but reflects a wider risk-off sentiment that was due after substantial gains in April. With the economy poised for nearly 4% real growth in the fourth quarter, the underlying environment remains strong. The Treasury General Account has been replenished, overnight rates are trending downward, and coupon issuance is expected to remain limited as midterm elections approach. The current panic appears to be overblown; while nothing is certain, this decline may present an opportunity for accumulation rather than a cause for alarm.

Bitcoin Falls Below $94,000 as Market Seeks Support

Bitcoin has struggled to maintain the $94,000 threshold and is now in search of a definitive support level, with the CME gap emerging as a potential area of interest. Market volatility continues to be intense, and a short-term bottom may take shape in the early days of this week, especially with significant macroeconomic data on the horizon and the Federal Reserve’s anticipated response. Following last week’s steep weekly candle, a swift V-shaped recovery seems unlikely. Although the cycle remains intact, the market requires time to recalibrate.

Bitcoin Approaches Key Liquidity Areas as Momentum Shifts

Bitcoin is nearing two significant liquidity zones that could provide short-term support. The liquidations heatmap indicates substantial long liquidations clustered between $80,000 and $90,000, alongside a CME gap between $92,000 and $92,500. Bitcoin has already dipped below the weekly supertrend and the weekly EMA50, signaling a shift in momentum. A bounce around the $90,000 mark is possible, but the subsequent move will determine whether Bitcoin can recover or if it will slide toward the mid-$80,000 range.

Anti-CZ Whale Faces Significant Unrealized Losses

The Anti-CZ Whale is experiencing considerable unrealized losses as the market retreats. His long positions—over 70,803 ETH valued at about $211 million and more than 44 million XRP worth approximately $95 million—are now reflecting over $22 million in unrealized losses. His total profits have diminished from $100 million to $62 million, marking one of the most severe drawdowns in recent months.

El Salvador Increases Bitcoin Holdings Amid Market Drop

El Salvador is leveraging the recent market downturn to bolster its Bitcoin reserves. In addition to its regular daily Bitcoin purchases, the government has executed a significant acquisition, acquiring 1,090.19 Bitcoin valued at roughly $101 million. This move underscores the nation’s ongoing commitment to long-term Bitcoin adoption, even as market prices decline.

SEC Approves Dimensional for ETF Share Class Launch

The SEC has granted approval for Dimensional to introduce ETF share classes of its mutual funds. This decision positions Dimensional as the second asset manager, following Vanguard, to receive such approval, and the first to be allowed to apply it to actively managed products. This development could reshape fund structures across the industry, as around 90 additional asset managers are also seeking similar approvals.

Cameron Winklevoss Predicts Bitcoin’s Future Rally

Cameron Winklevoss, co-founder of Gemini, asserts that the current price dip represents a historic buying opportunity. He believes this may be the last instance of Bitcoin being priced below $90,000. Winklevoss’s comments come amid heightened market volatility and substantial selling pressure. Despite the current turmoil, he contends that the ongoing demand and diminishing supply will drive prices significantly higher. For investors, his message is clear: the window for acquiring Bitcoin at favorable prices is rapidly closing.

KindlyMD Stock Tumbles as Financial Losses Mount

KindlyMD, a Bitcoin treasury firm traded on Nasdaq as NAKA, saw its stock plummet nearly 10% after delaying its Q3 financial filing. The stock has now decreased by 25% in just one week and has fallen more than 95% over the past six months. The company is facing a substantial hit, including an estimated $59 million acquisition loss from the Nakamoto deal, over $22 million in unrealized digital asset losses, $1.4 million in realized losses, and a $14.4 million loss related to debt extinguishment.

Bitcoin’s Crash Becomes Market Clearance Event

Bitcoin has dropped to $91,000, triggering a wave of liquidations. More than $240 million in long positions vanished within four hours, with over $800 million disappearing in a single day. Ethereum has fallen below $3,000, and Toncoin has returned to levels not seen since late 2023. While some perceive this decline as a crash, others see it as a unique opportunity. Amid widespread panic selling, confident buyers are stepping in, treating this downturn as an exceptional clearance sale.

Trump’s Tariff Proposal Sparks Market Uncertainty

Former President Trump’s proposed $2,000 tariff dividend for mid-2026 has brought the markets to a critical juncture. The bearish perspective warns that rising inflation and heightened anxiety could trigger a significant drop in cryptocurrencies, inhibiting growth in early 2026. Conversely, the bullish outlook suggests that new liquidity may stabilize stocks and support Bitcoin’s recovery ahead of the next upward movement. Traders may need a cautious approach, monitoring Federal Reserve actions and on-chain trends to determine the prevailing market direction.

Current Factors Behind the Crypto Market Decline

The recent turbulence in the cryptocurrency market can be traced back to a significant issue: the Treasury General Account has not injected liquidity into the market, even following the resolution of the government shutdown. Two key factors contribute to this stagnation: first, both Bessent and Trump are advocating for the Federal Reserve to lower rates and ease policy, implying a potential for increased money printing. Second, there is a concerted effort to drive prices lower, allowing for asset accumulation at discounted levels before money printing resumes.

Bitcoin’s Price Drop: A Yearly Low

Bitcoin has erased all its gains for 2025, falling below $90,000 for the first time this year. Ethereum has also seen a decline of over 35% in recent weeks, leading to an overall market downturn of more than 25%, resulting in a loss of over $600 billion in value within days. Whales are cashing in profits, liquidity is diminishing, and the Federal Reserve’s current stance has adversely impacted risk assets. The prevailing atmosphere is one of fear, and support levels appear fragile. While this may not signal the end for cryptocurrencies, it certainly represents a harsh reset.

The Current Crypto Crash Reveals a Hard Reality

The latest downturn in the crypto market is not a consequence of global tensions or economic shifts but rather highlights a fundamental issue: numerous digital tokens lack intrinsic value. Without a solid purpose or sustainable use, prices can fluctuate dramatically. A market fueled by the fear of missing out, rather than genuine strength, becomes inherently unstable. This recent decline serves as a stark reminder that long-term market stability requires a foundation built on substance rather than hype.