Bitcoin News Today: Bitcoin's Freefall: Bear Market or Temporary Correction?

Bitcoin is on track for its worst monthly performance since the 2022 crypto market collapse, with the cryptocurrency falling below $90,000 and wiping out all its 2025 gains. As of Nov. 18, 2025, Bitcoin (BTC) had dropped 30% from its October all-time high of $126,250, trading at $91,439.16, marking its joint-worst November on record and the weakest monthly performance since June 2022. The selloff has pushed the price below the 2025 realized price of $103,227, meaning the average buyer this year is now facing a 13% loss.

The current correction mirrors the April 2025 downturn, which saw Bitcoin fall from $109,000 to $76,000 over 80 days. While the current decline has reached 43 days, it remains half as long as the previous drawdown. However, the magnitude of the drop-measured in percentage terms-is similar. Analysts note that Bitcoin often dips below its yearly realized price during corrections, creating potential entry points for long-term investors. For example, during the April slump, the price fell to $76,000, but the realized price at that time was $70,000, preventing spot prices from falling further.

Market sentiment has deteriorated sharply, with Bitcoin's fear and greed index hitting "extreme" levels at 11. The selloff has triggered over $1.03 billion in crypto liquidations, with Bitcoin accounting for $569 million of that total. Billionaire investor Cameron Winklevoss warned on social media that this could be "the last time you'll ever be able to buy Bitcoin below $90k," highlighting the growing anxiety among traders.

The decline has also impacted broader market dynamics. Bitcoin's struggles coincide with a broader risk-off environment, as speculative tech stocks and hedge funds de-risk portfolios. Some investors are leveraging Bitcoin's losses for tax-loss harvesting strategies. Meanwhile, the Federal Reserve's uncertainty around December rate cuts has added volatility, with policymakers divided over balancing inflation concerns against labor market slowdowns.

In a separate development, Tether has invested in Ledn, a bitcoin-backed lending platform, to expand access to BTC-secured credit. The move underscores growing demand for liquidity solutions that allow investors to borrow against their holdings without selling cryptocurrency. Ledn, which has originated over $2.8 billion in BTC-backed loans since its launch, has seen $1 billion in 2025 alone, reflecting resilience in the crypto lending sector despite past industry collapses.

As Bitcoin faces its steepest decline since 2022, market participants remain divided on whether the downturn signals a deeper bear market or a temporary correction. Historical patterns suggest that periods below the realized price often precede rebounds, but the current environment's complexity-marked by macroeconomic uncertainty and regulatory scrutiny-adds layers of unpredictability.