In This Article
The crypto market is reeling with established cryptocurrencies like BTC and ETH losing value. The downturn has caused the broader crypto market to slide to $3.25 Tn and the Fear and Greed Index to switch to 18, indicating extreme fear.
In the last 24 hours,
Bitcoin
1.04%
Bitcoin
BTC
Price
$61,790.88
1.04% /24h
Volume in 24h
$26.74B
Price 7d
dropped to $94,000 before buyers staved off any further decline, and the crypto gold rose above the $95,000 level, where it is currently trading. Its price action has stabilized above
and is on its way to retest the $96,000 support-turned-resistance level.
(Source: CoinMarketCap)
BTC price action corrected from $103,000 -$105,000, where it was consolidating after weeks of weakening demand. These sharp price swings do not result from everyday retail investors. Instead, whales and institutional investors drive these swings.
These entities hold thousands of BTC in a single wallet, and their trades can move more volume than crypto exchanges. In a market with low liquidity, even one large transaction can shift investor sentiments and trigger a price change.
JUST IN: $BTC now forecasted to drop to around $87,000 this year, based on price of recent trades on Kalshi. pic.twitter.com/gT6UqDFcmb
— Whale Insider (@WhaleInsider) November 15, 2025
The flow of money in and out of ETFs and corporate treasuries largely directs the direction of BTC today. When investors either invest or withdraw billions of dollars in a single day, it can cause BTC to either crash or surge.
Long-term holders are selling hard.
~815K BTC sold in the past 30 days, the highest level since Jan 2024.
With demand contracting, this sell-side pressure is weighing on the price pic.twitter.com/jFODp4ZA1p
— CryptoQuant.com (@cryptoquant_com) November 13, 2025
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Crypto Today: ETH Struggling 36% Below Its ATH, Retests $3.2k
Ethereum
2.32%
Ethereum
ETH
Price
$1,600.85
2.32% /24h
Volume in 24h
$12.53B
Price 7d
is struggling to claw back to the $3,200 level, but the pressure isn’t letting up. Currently, ETH is trading at
, about 36% below its ATH of $4,950, signalling that ETH is deep in bear market territory.
ETH’s price action has been forming a pattern of lower highs and lower lows, which is a classic sign that any attempt at an upward movement is being beaten down by the bears.
Over the past couple of months, its price action has broken through key support levels. It fell below $4,100, which was its peak last December. From there, it fell further to under $4000, another major support and an emotional threshold.
As of right now, ETH is trading below its 20 and 50-day exponential moving averages (EMAs).
(Source: TradingView)
Looking ahead, ETH is leaning bearish. The next level to watch out for is $2,877, a price it reached last June. However, if ETH somehow manages to climb above $3,500, its key resistance level, it would challenge the current bearish outlook.
Adding to the negative pressure is the turning of investor behaviour. Data from SoSoValue reveals that American investors have been pulling money out of ETH ETFs. Last week alone, these funds lost over $728 M, a step-up from the $522M they shed a week before.
$ETH ETF outflow of $177,900,000 🔴 yesterday.
BlackRock sold $173,300,000 in Ethereum. pic.twitter.com/fCXB4Cr7H7
— Ted (@TedPillows) November 15, 2025
In total, ETH ETF outflows now account for more than $1.24 billion this month, wiping out the gains they had made in the two weeks prior. The cumulative inflow has moved from almost $15 billion in the year to $13.1 billion today. They now have $20 billion in assets.
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Korean Crypto Exchanges Hit By Market Slump And Declining Trading Volumes
South Korean crypto exchanges are under pressure. Trading volumes have plunged in a sharp pivot from the third quarter, where rising crypto prices drove record profits for platforms such as Upbit and Bithumb.
According to The Korea Times, Bitcoin fell below $95,000 on Saturday, down by 25% from its ATH, pushing the market sentiment to extreme fear. At the same time, trading volumes have dropped sharply.
(Source: CoinGecko)
As per CoinGecko’s data, between November 1 and 14, Upbit and Bithumb averaged just $1.88 Bn in daily volume, a far cry from the $7.8 Bn peak in January.
Since trading fees account for over 98% of revenue for both exchanges, this slump poses a serious threat to their earnings. To stay competitive, the exchanges have ramped up token listings.
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DOJ: North Korean IT Workers Infiltrated 136 US Firms, Americans Helped
The US Department of Justice (DOJ) on Friday announced that four Americans and one Ukrainian national have pleaded guilty to helping North Korean IT workers to fraudulently get jobs in US companies.
US citizens Audricus Phagnasay, Jason Salazar, Alexander Paul Travis, and Erick Ntekereze Prince admitted to committing wire fraud. They gave up their personal information and hosted laptops to help North Korean operatives blend into the American workforce.
Justice Department Announces Nationwide Actions to Combat Illicit North Korean Government Revenue Generation
Department Seeks Forfeiture of More Than $15M in Virtual Currency Stolen and Laundered by North Korean Hackers
🔗: https://t.co/2qZ73r3wYx pic.twitter.com/FRaqJjYW8f
— U.S. Department of Justice (@TheJusticeDept) November 14, 2025
Ukrainian national Oleksandr Didenko pleaded guilty to wire fraud conspiracy and aggravated identity theft. He stole U.S. citizens’ identities and sold them to North Korean IT workers, helping them secure jobs at 40 different American companies.
According to the DOJ, the scheme impacted 136 companies and generated more than $2.2M for the North Koreans, compromising the identity of at least 18 US citizens.
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Bitwise CEO: Crypto Fundamentals Strong Despite Recent Market Shake-Up
With the recent market shake-up, crypto heads are concerned about whether the crypto narrative is bottoming out. Almost every major coin at the moment is facing negative pressure and might extend losses into the next weekend.
Contrary to the fear in the market, however, Bitwise CEO Hunter Horsley believes that the long-term fundamentals are stronger than ever, even though there might be some short-term corrections.
We talk about 4 year cycles —
But the reality is that model is based on a bygone era of crypto.
Since the launch of the Bitcoin ETFs and new administration, we've entered a new market structure: new players, new dynamics, new reasons people buy and sell.
I think there's a…
— Hunter Horsley (@HHorsley) November 14, 2025
He has argued that the traditional four-year crypto cycle is over, replaced by a more mature market structure shaped by new players and regulatory shifts. He said, “Since the launch of the Bitcoin ETFs and new administration, we’ve entered a new market structure: new players, new dynamics, new reasons people buy and sell.”
Pretty stark in contrast to the extreme fear readings on the Fear and Greed Index.
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