Bitcoin Price Just Flashed A Death Cross, But It’s Not What You Think

NewsBTC

DoubleZero / USD Coin

Crypto analyst Colin has revealed that the Bitcoin price has flashed a death cross, which he noted was bullish for the flagship crypto. This comes amid BTC’s recent decline, which has erased all its year-to-date (YTD) gains.

Bitcoin Price Flashes Death Cross, Marking Potential Bottom

In an X post, Colin stated that a death cross just flashed for the Bitcoin price, with the “ironically” bullish indicator triggering at the same time that BTC tagged the lower boundary of its megaphone pattern. The analyst noted that this is a bullish setup from this point forward, as the death cross often marks bottoms. He indicated that this is likely the bottom, as BTC has ended at the lower end of the megaphone pattern channel.

Colin remarked that these factors combined indicate a high likelihood of a move up for the Bitcoin price from its current level. He added that a bounce is likely in the short term. However, the analyst noted that the bigger question is whether this would be a bounce to new all-time highs (ATHs) or just a relief rally on the way down in a bear market. Regardless of what happens, he is optimistic that an upward move will occur in the short term.

Colin also alluded to the fact that the Federal Reserve will end quantitative tightening (QT) by December, a move which he described as another bullish catalyst for the Bitcoin price. This move is expected to inject more liquidity into the BTC and possibly spark higher prices for the flagship crypto. The Fed could also cut rates again at the December FOMC meeting, which would be a bullish catalyst for Bitcoin.

Another Analyst Confirms Death Cross

Popular crypto analyst Benjamin Cowen also confirmed that the Bitcoin price just had a death cross. He noted that prior death crosses have marked local lows in the market. However, he added that the death cross rally fails when the cycle is over, which could be the case this time if the bull market is over.

Cowen stated that the time for the Bitcoin price to bounce if the cycle is not over would start within the next week. The analyst further remarked that if no bounce occurs within one week, another dump is likely before a larger rally back to the 200D SMA, which he claimed would mark a macro lower high. Meanwhile, market analyst Subu Trade shared data on how BTC has reacted after historical death crosses. The last death cross occurred in April this year, and the flagship crypto recorded a 22% gain following it.

At the time of writing, the Bitcoin price is trading at around $95,100, down in the last 24 hours, according to data from CoinMarketCap.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Trump Organization partners with Dar Global to launch tokenized resort in Maldives

Crypto Briefing

DoubleZero / USD Coin

The Trump Organization and Dar Global, a Dubai-based luxury real estate developer, are partnering to develop a Trump-branded luxury resort in the Maldives that will incorporate tokenization.

The tokenization model will enable blockchain-based participation in the hotel development, marking a novel approach to resort financing. The project will be built in phases across the island destination.

The partnership represents the Trump Organization's expansion into crypto-integrated real estate development, combining traditional luxury hospitality with digital asset innovation in one of the world's premier resort destinations.

Risk Warnings and Disclaimers

Add to Favorites

1inch introduces DeFi shared liquidity model ‘Aqua’

The Block

DoubleZero / USD Coin

Decentralized-exchange aggregator 1inch has introduced Aqua, a new liquidity protocol that, the team says, could improve how capital moves through decentralized finance.

The new protocol, announced on Monday at Devconnect in Argentina, opens early access to Aqua’s software development kit, libraries and documentation — giving developers the ability to test, integrate, and shape what 1inch claims is the first shared liquidity engine in DeFi.

Devconnect — a gathering of developers, researchers, and protocol teams — has long been a venue for unveiling technical advances primarily focused on the Ethereum ecosystem. Against that backdrop, 1inch framed Aqua as a crucial liquidity primitive built to tackle capital fragmentation issues that have historically constrained the largest DeFi ecosystem.

1inch argues that today’s liquidity landscape forces protocols to compete for user deposits, forcing liquidity providers to choose between single-strategy pools and locked positions that limit opportunity cost. Aqua’s shared-liquidity model aims to reverse that logic, offering broader ecosystem liquidity, unrestricted self-custody, and a design that composes easily across chains and protocols.

For developers, Aqua removes deposit and withdrawal logic entirely. Applications query balances rather than manage funds, letting builders focus on strategy design rather than pool mechanics. For end users, the model promises capital efficiency without surrendering custody.

“Aqua solves liquidity fragmentation by multiplying effective capital,” co-founder Anton Bukov said. Fellow co-founder Sergej Kunz added that Aqua is intended as a foundational layer for capital-efficient DeFi, mirroring the team’s 2019 work on aggregation.

Instead of users depositing, splitting, or locking capital inside various pools, Aqua turns each wallet into a self-custodial Automated Market Maker. This way, strategies can pull and return liquidity atomically under predefined rules, the team stated. 1inch said this design creates a multiplier effect, as the same capital can be applied to multiple approaches without being siloed — doubling or even tripling effective liquidity, depending on the setup.

Additionally, the developer release enables builders to either create strategies from scratch or use the SwapVM instruction library to assemble new channels. 1inch is also offering bounties of up to $100,000 for contributions, bug discovery, and performance improvements.

Infrastructure expansion

1inch operates one of the largest DeFi ecosystems, known primarily for its DEX aggregation engine, which facilitates low-cost token swaps for more than 26 million users and processes over $500 million in daily trading volume. Beyond aggregation, the company offers a self-custodial wallet, portfolio tools, business routing infrastructure, and integrations across major EVM and non-EVM networks.

Aqua's release follows a series of integrations and feature rollouts across 1inch’s stack. Earlier this year, Coinbase integrated 1inch’s API to improve swap execution in its flagship retail app. The project also introduced native cross-chain swaps between Solana and EVM networks, aiming to reduce friction for multichain movement.

Before that, 1inch launched an upgraded Pathfinder routing algorithm to deliver improved swap rates across hundreds of pools and liquidity sources. Those updates have helped cement 1inch’s position as the second-largest DEX aggregator on Ethereum by market share, according to The Block’s data.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

Risk Warnings and Disclaimers

Add to Favorites

ECB's Warning on Stablecoins Looks Overblown — Market Talk

Dow Jones Newswires

DoubleZero / USD Coin

1152 GMT - The European Central Bank's concerns about the rapidly expanding stablecoin market seem overdone, IG analyst Chris Beauchamp says in a note. ECB policymaker Olaf Sleijpen told the Financial Times that the stablecoin market, dominated by dollar-pegged tokens, could create risks for financial stability, the economy and inflation. He said that it could force the ECB to adjust monetary policy. "This feels somewhat overblown - the scenario requires several unlikely events to align, and likely reflects the ECB's struggle to justify digital currency plans that have failed to match the market appeal of dollar-denominated alternatives," Beauchamp says. (renae.dyer@wsj.com)

1121 GMT - The Hungarian central bank's policy decision on Tuesday will likely keep the forint firm, ING's Chris Turner says in a note. The central bank could keep interest rates unchanged at 6.5% while remaining cautious about further rate rises, he says. "At the same time, global factors should remain positive for the Central and Eastern European region if the U.S. stock market stabilizes." The Hungarian government has also agreed a U.S. financial shield where it can chose from a range of facilities to shore up its finances. This should protect the forint in the case of a selloff, Turner says. ING expects the euro to remain at current levels near 384 forints. (renae.dyer@wsj.com)

1100 GMT - Gold prices fall in afternoon trading as investors grapple with the aftermath of the U.S. government shutdown, with New York futures down 0.4% to $4,076.40 a troy ounce. "Despite private-sector data, the absence of official economic figures has left the Fed--and market participants, for that matter--in the dark," says Aaron Hill from FP Markets. "Should we see a meaningfully soft jobs print this week, one that sees payrolls drop into negative territory, could prompt USD downside and increase rate-cut bets." The U.S. dollar index, which measures the greenback against a basket of other major currencies, is currently up 0.1% to 99.44. Lower interest rates typically boost the appeal of non-interest bearing bullion, while a softer dollar makes gold more attractive for international buyers. (giulia.petroni@wsj.com)

1102 GMT - The dollar could fall if upcoming U.S. economic data is weaker than forecast, Societe Generale's Kit Juckes says in a note. U.S. economists have raised growth forecasts in recent weeks despite the absence of official data during the government shutdown, he says. With the government reopening, a flood of delayed data will be released including the nonfarm payrolls report on Thursday. "We fear disappointment, which can help [the euro versus the dollar] re-test its cycle high." The euro falls 0.2% to $1.1603. The DXY dollar index rises 0.1% to 99.384.(renae.dyer@wsj.com)

1044 GMT - Jewelry is expected to continue enjoying bright momentum next year, according to a report by McKinsey & Co and market researcher The Business of Fashion. "Having defied the broader luxury slowdown, the category will keep reaping the rewards of a growing customer base with a desire for long-lasting investments, self-expression and treating themselves," the report says. Over the next few years, jewelry is expected to be the fastest-growing category in fashion by unit sales, growing at nearly four times the rate of clothing, it adds. The Asia-Pacific region will continue to drive the largest share of market growth through 2028, driven by China and India, the report says. (andrea.figueras@wsj.com)

1012 GMT - Reports of a smaller-than-anticipated hole in the U.K. public finances fail to mitigate fiscal credibility concerns for sterling and U.K. government bonds, MUFG Bank's Lee Hardman says in a note. The Office for Budget Responsibility's new forecasts are expected to show a smaller-than-previously-anticipated fiscal hole. This failed to provide reassurance that the government's decision, as per media reports, to drop plans to raise income taxes in the Nov. 26 budget wasn't politically motivated, Hardman says. The fiscal tightening measures are viewed as less credible, he says. Sterling trades flat at $1.3169. The euro falls 0.1% to 0.8805 pounds after reaching a two-and-a-half-year-high of 0.8865 Friday, LSEG data show. The 10-year gilt yield falls 1.2 basis points to 4.552%, according to Tradeweb. (renae.dyer@wsj.com)

0953 GMT - Gilt yields reverse Friday's rise, caused by concerns about the U.K. government's budget announcement next week, as investors look forward to the inflation data due to be released on Wednesday. Investors expect the inflation data to decelerate and cause gilt yields to decline, analysts at Societe Generale Corporate Research say in a note. The 10-year gilt yields fall 1 basis point to 4.552%, after touching a one-month high of 4.571% last week, Tradeweb data show. (miriam.mukuru@wsj.com)

0941 GMT - U.S. Treasury yields decline in mid-morning European trade, with investors awaiting the delayed September nonfarm payrolls data on Thursday. The data could provide a clearer view of the labor market after weeks of incomplete information, says Kudotrade's Konstantinos Chrysikos in a note. Soft data could reinforce the case for further easing by the Federal Reserve, while stronger readings may bolster the Fed's cautious stance and support the dollar and yields, he says. Investors could also dissect remarks from several Fed officials and the release of the FOMC minutes on Wednesday for clues on whether policymakers are leaning toward a rate cut in December, he says. The 10-year Treasury yield falls 2.1 basis points to 4.125%, according to Tradeweb. (emese.bartha@wsj.com)

0938 GMT - The Swiss franc's recent rally is unlikely to extend much further even after the U.S. and Switzerland reached a trade agreement, Commerzbank's Michael Pfister says in a note. U.S. and Swiss officials announced Friday that U.S. tariffs on Swiss imports would be cut to 15% from 39%. The franc had already gained significantly in the days leading up to the announcement, Pfister says. The Swiss economy could recover next year with risks skewed toward stronger-than-expected growth after contracting in the third quarter, he says. However, much of the positive news is likely already factored into the franc. "We therefore remain skeptical about levels below 0.92 in the euro versus the franc." The euro falls 0.1% to 0.9216 franc. (renae.dyer@wsj.com)

0928 GMT - For policymakers and investors alike, the line between caution and optimism has rarely been so fine, Columbia Threadneedle Investments' William Davies says in a note. "In such an environment, investment success depends on discipline, diversification, and selectivity," the global CIO says. While the global economy is starting 2026 relatively healthy, the risk of missteps is increasing, he says. Inflation remains stubbornly high and uneven, budget deficits are worryingly large and appear insurmountable, and geopolitical tensions persist. "Valuations in the capital markets also leave little room for error," he says. (emese.bartha@wsj.com)

0904 GMT - Any escalation on Japan-China tensions and anti-Japan protests could "sound the death knell" for Japanese carmakers already under immense pressure from Chinese EV rivals, says Capital Economics' Marcel Thieliant in a note. Nearly one-third of Japanese firms' China revenue comes from transport equipment, he notes. The lowest-cost retaliation by China would be to encourage Chinese tourists to go elsewhere, though the overall economic impact on Japan would likely be modest, with potentially no more than 0.1% of GDP knocked off. More damaging would be rare-earth export restrictions similar to China's 2010 curbs. A consumer boycott of Japanese goods on the scale of 2012's protests could cut sales by an amount equivalent to 1% of GDP, Theliant says. (jason.chau@wsj.com)

0840 GMT - Eurozone government bond yields turn lower after a slight rise at opening, now moving in line with falling Treasury yields. Moves remain contained in both eurozone and U.S. Treasury yields, though. With the U.S. government shutdown over, "we should start seeing more data this week and likely some volatility around the releases," ING rates strategists say in a note. "The priced-in probability of a December cut is now around 50%, which means any data point can easily swing the needle." Eurozone rates will probably stay rangebound until also the hard data, like GDP, paints a more robust growth picture, they say. The 10-year Bund yield edges lower 0.3 basis points to 2.708%, the 10-year Treasury yield falls 1.1 basis points to 4.136%, according to Tradeweb. (emese.bartha@wsj.com)

Risk Warnings and Disclaimers

Add to Favorites

CoinW's Eight-Year Marathon: Driving Long-Term Ecosystem Growth

Chainwire

DoubleZero / USD Coin

HONG KONG, Nov. 17, 2025 /PRNewswire/ -- CoinW, a leading global crypto asset trading platform, has officially concluded its 8th-anniversary global marathon.

Themed "Trot On To Infinity," the campaign framed CoinW's journey as a crypto marathon rather than a sprint, emphasizing endurance and strategic direction over short-term gains.

After eight years navigating market cycles, the platform has focused on two key priorities: maintaining growth aligned with its user base and building the infrastructure needed for long-term development.

Strategy Built on User Insights

For its anniversary, CoinW launched a user-generated content campaign and followed it with in-depth interviews with over 30 users, partners, and employees worldwide. The feedback highlighted real-world use cases: one business traveler described using CoinW Card for seamless cross-border transactions, while a Southeast Asian user credited the platform's educational programs with building their trading knowledge.

These insights informed the four strategic priorities outlined by CoinW's Founder, Gary, in an open letter: advancing digital asset security, expanding compliance infrastructure, diversifying asset offerings, and strengthening community development.

From Exchange to Ecosystem

The anniversary marks a shift from product expansion to deeper ecosystem integration. CoinW has unified its product suite — spot and derivatives trading, copy trading, and earn — while expanding its product ecosystem with platforms like PropW, GemW, and DeriW.

Beyond product development, CoinW has deepened its industry presence. As a three-year Platinum Sponsor of TOKEN2049, the exchange hosted a networking lounge at the main venue and an invite-only gathering at Marina Bay Sands, bringing together over 300 industry leaders.

Nassar Al Achkar, Chief Strategy Officer (CSO) at CoinW, spoke at the conference's stage, discussing the evolution from fragmented trading services toward integrated ecosystems. His talk emphasized how convergence and trust-building will drive the industry's next phase of growth.

A Global Movement with Local Impact

Launched in October during a market downturn, the global marathon series crossed four continents and eight cities. The event attracted members of Founders Running Club, whose founder Tim Tkachenko noted parallels between marathon running and company building: "It's about persistence and consistency."

Alongside the international campaign, CoinW held meetups in Taipei, Hangzhou, Shanghai, and Shenzhen, drawing over 800 local participants to discussions on trading strategies, market trends, and ecosystem projects.

Building for the Next Chapter

"Competition in crypto isn't about speed — it's about sustainability," said Nassar. "Users need platforms they can trust through market cycles. That requires strategic discipline, avoiding overexpansion during bull runs and maintaining commitment during downturns."

CoinW now serves over 20 million users across 200+ countries and regions. The figures reflect not just scale, but sustained commitment to core principles.

Eight years in, the platform views its anniversary as a milestone rather than a finish line, continuing its measured approach to building digital finance infrastructure for the industry's next chapter.

About CoinW

Founded in 2017, CoinW has grown into one of the world's leading cryptocurrency trading platforms, providing a one-stop intelligent trading experience for cryptocurrency users across multiple countries and regions. As of October 2025, the platform records a daily trading volume exceeding $5 billion, ranks 4th globally in Coingecko's derivatives market, and has over 10 million registered users. CoinW is committed to empowering user wealth growth and driving blockchain innovation, continuously refining its product structure and launching independently operated product lines. Through sponsorships of major international sporting events, CoinW has also expanded its global brand presence. Beyond business growth, CoinW remains dedicated to corporate social responsibility, actively supporting public welfare initiatives such as donations to orphanages in Africa. Looking ahead, CoinW will continue to promote financial inclusion, lead the development of the crypto industry, and accelerate the global adoption of blockchain technology and digital assets. For more information, visit the CoinW official website, follow CoinW on X Account, or join CoinW's Telegram Group.

Disclaimer: This article is for general informational purposes only and do not constitute any investment, legal, financial, or trading advice, nor should they be regarded as an offer or solicitation of any kind. CoinW does not guarantee that the services, products, or technologies mentioned herein are legally available in all jurisdictions. The availability of certain features may vary depending on local laws and regulations. Trading in digital assets involves a high level of risk. Users should fully understand the associated risks and make decisions prudently based on their own circumstances.

Risk Warnings and Disclaimers

Add to Favorites

Shiba Inu Joins Japan's Green List, What Does It Mean?

U.Today

DoubleZero / USD Coin

Shiba Inu has officially joined Japan's "Green List," opening the way for global acceptance and recognition. The Shiba Inu team announced the news on X, shedding light on the benefits for SHIB investors.

SHIB gets regulatory upgrade in Japan

According to the team, SHIB is now in the same category as top players like Bitcoin and Ethereum . The green list placement of Shiba Inu signals that the token has satisfied certain stringent standards.

The Green List is an official whitelist maintained by the Japan Virtual and Crypto Assets Exchange Association (JVCEA). This is a self-regulatory body overseen by the Financial Services Agency (FSA).

Shib
@Shibtoken
$SHIB has officially joined Japan’s “Green List,” standing beside $BTC and $ETH.
A proposed tax drop from 55% → 20% could make this a huge catalyst.
Read about it below 👇🏼 https://t.co/0PUBE5TIvJ
Nov 17, 2025

JVCEA confirmed the addition of Shiba Inu to the Green List on Nov. 12, 2025. Being on the list is like getting a fast pass for Japanese exchanges. Cryptocurrencies must meet strict criteria for safety, transparency and low volatility risk before they can be added to the list.

Right now, only about 30 tokens have made it to the list. These include Bitcoin, Ethereum, XRP, Polygon (POL), Litecoin (LTC), Hedera (HBAR) and others.

Shiba Inu is the first meme coin on the Green List, elevating it from speculative fun to a legitimate asset in Japan.

Japan’s proposed tax cut to benefit SHIB Iinvestors

SHIB joining the Green List is about official recognition and potential tax relief for the meme token. Crypto gains in Japan are taxed as miscellaneous income. Simply put, gains from crypto trading are lumped in with things like gambling winnings.

What this means is that crypto tax in Japan is progressive, and high earners can get rates up to 55%. This is one of the highest rates globally and has deterred many traders, pushing crypto activity to other jurisdictions with more friendly tax.

In many other countries, crypto gains are taxed separately as capital gains. In the U.S., Senators Cynthia Lummis and Bernie Moreno pushed the Treasury to fix the crypto tax rule hurting firms.

Recognizing the challenge with higher taxes, the FSA has proposed a tax drop from 55% to 20%. The FSA is pushing to reclassify 105 qualifying cryptos, including Green List assets, as financial products.

For SHIB, lower taxes would mean more buying power for Japanese investors. This could unlock both retail and institutional inflows and boost liquidity — and eventually price.

Risk Warnings and Disclaimers

Add to Favorites

BTC price bull market lost? 5 things to know in Bitcoin this week

Cointelegraph

DoubleZero / USD Coin

Bitcoin starts a new week with the bull market at stake as BTC price predictions diverge wildly.

Bitcoin traders are stuck between hope and capitulation as returns to its yearly open level.
Price eyes a key “magnet” in the form of an old CME futures gap left over from April.
The loss of a key trend line ushers in comparisons to historical bear markets, with a support reclaim far off.
Bitcoin is looking more like a “leveraged tech stock” as its gold correlation disappears.
Crypto sentiment sets joint 2025 lows, deep within “extreme fear.”

BTC price roundtrips 2025 gains

Bitcoin fell back to its yearly open level into Sunday’s weekly close, dipping under $93,000, per data from Cointelegraph Markets Pro and TradingView.

Reactions from traders were highly mixed, with plainly bearish prognoses mixing with hopes of a snap market rebound.

Roman
@Roman_Trading
$BTC 1M
It’s cooked.
76k is next. pic.twitter.com/Wm7G1jmAah
Nov 16, 2025

“Binance whales have placed big buy orders between $88,500-$92,000 level,” trader BitBull warned in his latest exchange order-book analysis on X.

“I know a lot of people are calling for a local bottom, but $BTC could sweep the $88K-$90K zone.”

Data from monitoring resource CoinGlass showed price being held up by a line of bid liquidity overnight, with overall liquidity conditions preparing for the next breakout attempt.

Commenting, crypto trader, analyst and entrepreneur Michaël van de Poppe saw liquidity forming a key ingredient on future price action.

“Ideally, I want to see a fast move back up on $BTC is what I'd prefer to see,” he told X followers on the day.

“We swept the low over the weekend, which means that I'd want to see a higher low being created here. If that happens, then there's trillions and trillions of short liquidity ready to be taken out.”

Continuing the more hopeful tone, trader Crypto Tony expressed admiration at the rebound on following the local lows.

Crypto Tony
@CryptoTony__
$BTC / $USD - Update
Very nice recovery last night. I was stopped out of my short in profit. Now i am now looking for shorts up at key levels. $106,000 - $108,000 look attrative pic.twitter.com/Tt13cyyPoT
Nov 17, 2025

“The next key level for Bitcoin to reclaim is $98,000 as it'll increase the chances of a local bottom,” crypto investor and entrepreneur Ted Pillows added.

CME futures gap just out of reach

A major short-term BTC price target for market participants is now tantalizingly close.

The “gap” in CME Group’s Bitcoin futures market, originally generated in April, lies just below the current local lows.

From around $91,800 to $92,700, the gap has been on the radar ever since began retreating from current all-time highs in mid-October.

The weekly close brought Bitcoin within spitting distance of closing it, but at the time of writing, it remains unfilled.

“There’s a clear CME gap sitting at $91.9K–$92.5K and you already know how this game works,” trader Hardy told X followers in a post on the topic.

“Whales want their orders filled before the next leg. Expect the dip, embrace the volatility and get ready for the bounce once that gap is taken. Textbook move loading.”

Hardy referred to the market’s habit of “filling” futures gaps, which form over weekends and have historically acted as short-term magnets for price. The April gap is something of an anomaly, remaining untouched for over half a year.

“The 92k region also coincides with an unfilled CME gap, increasing the odds of a short-term technical bounce if tested,” trading resource QCP Capital continued in its latest “Asia Color” market update on the day.

“Yet, as seen over the past few weeks, dense overhead supply could limit the strength of any rebound.”

Major trend line breakdown fuels bear-market woes

The CME gap, however, is far from the only key level concerning traders this week.

In a rare divergence, has now given up its 50-week simple moving average (SMA) as support.

The latest weekly candle close left price far below the 50-week SMA, which currently sits at around $102,850.

The phenomenon did not go unnoticed, with X trading account The Swing Trader stressing the unusual nature of the price’s treatment of what is normally a solid support line.

“And this is very important because Bitcoin has never lost the 50-week MA and still been in a bull cycle,” it said in video analysis.

BTC price has only lost the 50-week trend line four times in its history, reinforcing the move as one typically associated with bear markets. No weekly candles have closed below it since March 2023.

“Every single cycle, the 50-week MA holds for four years and then we finally lose it,” The Swing Trader continued, describing Bitcoin as “technically breaking down.”

QCP added that the loss of the trend line “reinforces a medium-term bearish bias,” but added that a bearish trend reversal hinged on even lower supports at $88,000 and $74,500.

“For now, crypto’s bull cycle hangs in the balance. A short-term bounce may come, but the path of least resistance remains lower,” it concluded.

Taking the exponential (EMA) equivalent of the 50-week SMA into account, the situation is arguably even worse.

As noted by trader Jelle, the “cloud” formed by the 50-week SMA and EMA has not failed as support since traded at $22,000.

“Trend officially lost,” he summarized.

Jelle
@CryptoJelleNL
#Bitcoin is back below the 50-week MA/EMA cluster- for the first time since prices were at $22,000.
Trend officially lost. pic.twitter.com/pt93ykp8Lg
Nov 17, 2025

Crypto diverges from risk-asset trend

On macro, commentary turned to crypto’s unusual behavior compared to the broader risk-asset environment.

Amid talk of Japan enacting giant economic stimulus as part of an overall worldwide liquidity boost, stocks futures were “completely unfazed” by the weekend crypto drop, trading resource The Kobeissi Letter noted.

“Even as crypto has lost -$100 billion since Friday, US stock market futures are GREEN. Meanwhile, gold just opened above $4,100/oz and yields are on the rise,” it wrote in an X post.

The latest action continues a status quo already in place — crypto, unlike stocks, failed to celebrate the reopening of the US government last week.

Kobeissi’s data showed the paradoxical impact of what should be good news on crypto market performance throughout October and November.

“The isolated nature of the -25% crypto downturn further supports our view: This is a leverage and liquidation-based crypto ‘bear market,’ it continued, describing Bitcoin as trading like a "leveraged tech stock.”

“A bottom forms when market structure is re-established.”

With the correlation between Bitcoin and gold “essentially zero,” analysis of large-cap tech stocks instead holds the key to understanding crypto volatility.

“Bitcoin’s correlation to US technology stocks has rarely been higher: The 30-day correlation between Bitcoin and the Nasdaq 100 Index hit ~0.80, the highest since 2022,” Kobeissi observed.

“This is also the 2nd-highest reading over the last 10 years. Correlation has remained positive over the last 5 years, except for brief periods in 2023.”

The week’s macroeconomic data releases, meanwhile, focus on employment data — readings conspicuously absent throughout the US government shutdown.

In part thanks to this lack of data, CME Group’s FedWatch Tool shows that markets are now unconvinced that the Federal Reserve will cut interest rates by 0.25% at its next meeting on Dec. 10.

Extreme fear in the driving seat

In a sign of just how little the average trader believes in a crypto market comeback, sentiment toward both Bitcoin and altcoins has collapsed.

The latest figures from the Crypto Fear & Greed Index confirms that the mood is now lower than at any point since late February.

Then, as now, the Index set a 2025 low of just 10/100 — deep within its “extreme fear” bracket. By contrast, just six weeks ago, it measured 74/100, on the cusp of “extreme greed.”

Commenting, trader Daan Crypto Trades likened the atmosphere to the implosion of crypto exchange FTX in 2022, toward the end of the last crypto bear market.

“This metric is in no way actionable. It can sit at greed for months while markets keep rallying, just as it can sit at the fear levels for a prolonged period of time,” he acknowledged on X.

“But it is still interesting to see how quickly things can change around from greed to fear and the other way around. Especially in crypto, things can turn really fast as we all know.”

Last week, Cointelegraph reported on how crowd sentiment can provide insights into crypto market reversals.

Now, research platform Santiment eyes a return to interest in Bitcoin as a potential bull signal in the making.

“Though not a guaranteed crypto bottom signal, probabilities of a market reversal greatly increases when social dominance for Bitcoin surges,” it wrote on X Sunday alongside proprietary data.

“During Friday's dip below $95K, discussion rates hit a 4-month high, signaling severe retail panic & FUD.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Risk Warnings and Disclaimers

Add to Favorites