5 facts about Bitcoin’s fall to Rp1.5 billion and extreme sentiment in the crypto market

Updated

November 18, 2025

Gambar 5 facts about Bitcoin’s fall to Rp1.5 billion and extreme sentiment in the crypto market

Jakarta, Pintu News – Bitcoin is back in the spotlight after falling to $93,029 last weekend, triggering a wave of panic and extreme volatility in the crypto market. This phenomenon is said to have given rise to the “Death Cross” technical signal, which is widely recognized as an indication of a potential further downtrend. Here’s the full explanation based on analysis from Decrypt and industry experts.

1. Bitcoin Touches Weekly Low: IDR1.56 Billion

According to CoinGecko data, Bitcoin had dropped dramatically to $93,029 (around Rp1.56 billion) before recovering to around $95,453 (Rp1.6 billion) on Monday. The massive sell-off led to the liquidation of $579 million worth of futures positions.

CEX.IO expert Yaroslav Patsira cites macroeconomic uncertainty as the main cause of market pressure. The absence of important economic data from the US makes it difficult for market participants to read the Fed’s policy direction in December.

Also Read: Robert Kiyosaki Remains Optimistic, Plans to Buy More Bitcoin!

2. The Formation of a “Death Cross” Pattern Is a Bearish Signal

A technical formation called a “Death Cross” occurs when the 50-day moving average crosses down from the 200-day moving average. In the technical community, this is often considered a sign of a trend switch from bullish to bearish.

Based on weekly data, Bitcoin’s 10% drop from its peak of $106,562 (Rp1.78 billion) reinforced the negative sentiment. The Crypto Fear & Greed Index dropped to the “Extreme Fear” zone, signaling a market in a very defensive psychological state.

3. Volatility Driven by Sentiment, Not Fundamentals

Rachel Lin, CEO of Synfutures, stated that the extremes of fear in the crypto market reflect behavioral signals more than fundamental conditions. According to her, investors tend to take a “risk-off” stance, causing liquidity to shrink and short-term volatility to increase.

Lin added that on-chain indicators show a decrease in interest in crypto ETFs, an increase in real sell-offs, as well as rapid liquidation of leveraged positions. Data from Myriad shows that the probability of BTC hitting $85,000 has now increased to 55%, up from 43%.

4. BTC Price Consolidation Predicted to Occur in the Range of Rp1.5-1.8 Billion

Patsira predicts that Bitcoin is likely to consolidate between $90,000-$110,000 (Rp1.5-1.84 billion) in the near future. Price recovery depends on the release of US economic data and fund flows into ETFs.

Meanwhile, Bitget’s Ryan Lee warned that systemic pressures remain, and market sentiment has not fully recovered. This situation is creating a “wait and see” condition among both institutional and retail investors.

5. Bitcoin and Ethereum ETF Declines Signal Further Declines

blackrock etf ethereum inflow — Source: KITCO

As per a Decrypt report, BlackRock recorded $463 million in withdrawals from its Bitcoin ETF in a single day, reflecting an exodus of institutional investors. The Ethereum ETF also saw outflows of up to $260 million, exacerbating the pressure on the crypto market as a whole.

Analysts mentioned that this trend will continue to be monitored as an important metric because it shows a change in the confidence of major investors in major crypto assets.

Also Read: 10 Most Popular Coin Memes of November 2025: The talk of the town!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Why did Bitcoin drop below $93,000 at the end of last week?

The decline was caused by global macroeconomic uncertainty, a lack of key economic data, and a massive sell-off that triggered liquidations of over IDR9 trillion.

What is a Death Cross in crypto technical analysis?

A Death Cross occurs when the short-term moving average (50 days) drops across the long-term average (200 days), often interpreted as a bearish signal.

How much impact does market sentiment have on the current Bitcoin price?

Extreme sentiment such as “Extreme Fear” amplifies volatility as investors tend to withdraw funds and avoid risk, even though fundamentals have not changed much.

Can the Bitcoin price recover in the near future?

Price recovery still depends on upcoming economic data and fund flows into crypto ETFs. Analysts expect consolidation in the range of Rp1.5-1.84 billion.

How will the outflows from ETFs impact the crypto market?

Large withdrawals from ETFs such as BlackRock’s and Ethereum’s reinforce the signals of market stress, signaling declining institutional investor confidence.