Bitcoin (BTC) Price Plummets 5.68% in a Day as Market Sentiment Hits Rock Bottom!

Jakarta, Pintu News – In a dramatic market move, the price of Bitcoin (BTC) went into freefall below $98,000. This drop came at the same time as the fear and greed index hit a seven-month low, signaling extreme fear among investors.

This is exacerbated by the outflow of funds from Bitcoin ETFs, which reached more than $1 billion this month. Analysts warn that Bitcoin could retest the $92,000 to $95,000 level if investor confidence is not restored soon.

Sharp Decline Amid Global Uncertainty

Bitcoin’s price drop is attributed to the 43-day US government shutdown that disrupted traditional cash flow and delayed payments. This created a domino effect that drained liquidity from the stock and crypto markets. On-chain data shows that Bitcoin reserves on exchanges are increasing again after several weeks of decline, signaling that more holders are ready to sell.

Meanwhile, investor sentiment was hit hard. The Crypto Fear and Greed Index dropped to 16, the lowest level in seven months, indicating “extreme fear” in the market. For comparison, during the FTX crash, this index was around 20, meaning the current level of fear is even deeper.

Large Fund Withdrawals from Bitcoin ETFs

Institutional demand for Bitcoin appears to be abating, with the ETF recording outflows of $278 million on November 12. This brings the total withdrawal to over $1 billion so far this month. These consistent outflows suggest that large investors are still skeptical about the upcoming direction of the market.

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The Federal Reserve’s policy of staying the course on interest rates also added to the caution in the market. Although operations have resumed after President Trump approved a temporary funding bill, fear still dominates. Global markets, including the Nasdaq Composite and the S&P 500, also declined, adjusting to the Fed’s seemingly disinterested stance on cutting interest rates in December.

Purchase Opportunity or Further Risk?

With the Fear and Greed Index at extreme levels, some investors believe that this may be a buying opportunity, given the history of rebounds when sentiment bottoms out. However, there are also those who are cautious, warning that if Bitcoin fails to hold the $98,000 support level, the price could drop to the $92,000 to $95,000 range. This drop in Bitcoin price is not happening in isolation.

The Nasdaq Composite Index fell about 2%, and the S&P 500 fell 1.3%, as the market adjusted to the Fed’s current stance of showing little interest in a rate cut in December.

Conclusion

Current market conditions show how quickly sentiment can change and affect the value of crypto assets like Bitcoin. Investors and analysts alike should remain vigilant on macroeconomic indicators and market movements to anticipate possible future scenarios.

FAQ

What is the current Bitcoin price?

Bitcoin (BTC) price is currently below $98,000.

What is the Fear and Greed Index?

The Fear and Greed Index is a gauge that indicates market sentiment, with low values signaling extreme fear.

What was the total withdrawal from Bitcoin ETFs this month?

Total withdrawals from Bitcoin ETFs this month have exceeded $1 billion.

Is the Federal Reserve planning to cut interest rates in December?

No, the Federal Reserve showed little interest in cutting interest rates in December.

What impact has the Bitcoin price drop had on the stock market?

Bitcoin’s price drop has impacted the stock market, with the Nasdaq Composite down about 2% and the S&P 500 down 1.3%.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Bitcoin Price Crashes Below $98,000 as Fear & Greed Index Hits 7-Month Low. Accessed on November 14, 2025
• Featured Image: Generated by AI