Bitcoin's 30-day correlation with the Nasdaq 100 reached approximately 0.80, marking the strongest reading since 2022 and the second-highest in a decade, according to the Kobeissi Letter. BTC fell below $93,000 on November 17, 2025, while the total crypto market cap stood at $3.25 trillion. The Crypto Fear & Greed Index dropped to 10, signaling extreme fear among market participants.

Bitcoin dropped below $95,000 amid intensified selling pressure, falling more than 6% in 24 hours. The decline was driven by macroeconomic concerns, weakened ETF demand, and elevated market leverage. Analysts are monitoring the $92,000-$94,000 range as critical support, with a potential decline to $85,000 if this level breaks. Bitcoin ETFs recorded $492 million in net outflows on November 14, 2025, marking the third consecutive day of withdrawals.

Large Ethereum holders have started buying again following significant sell-offs earlier in October. Addresses holding 100 to 10,000 ETH sold approximately 1.36 million coins between October 5 and 16, then repurchased nearly one-sixth of that volume. On-chain data shows individual wallets withdrew tens of millions of dollars worth of ETH from exchanges.