Bitcoin plunges nearly 30% from October all-time high as ETF outflows spike
CNBC Television·2025-11-18 03:48

Market Trends & Bitcoin Performance - Bitcoin fell below $92,000, down over 27% from its all-time high last month [1] - Bitcoin is moving in lock step with the S&P 500, not acting as a safe haven during market selloffs [2] Institutional & Retail Investor Behavior - Spot ETFs experienced their worst week of outflows since February [2] - Institutional buying, previously a critical support for Bitcoin's price, is absent [1] - Neither retail nor institutions are buying the dip, contributing to the continued decline [4] Crypto Equities & Digital Assets - Crypto-pegged equities are declining, including Coinbase, Bullish, and Robin Hood [3] - Digital asset treasury names like Tom Le's, Bitmine, Immersion, and Strategy are also plunging [3] Contributing Factors - Forced liquidations and shallow liquidity are exacerbating Bitcoin's fall [4]