Bitcoin, Ether, and Solana have all extended their declines amid a broad cryptocurrency selloff in November 2025. Bitcoin fell approximately 3.9%, trading around $89,288, slipping below recent key support levels. Ether experienced a sharper drop of about 6.4%, trading near $2,923, while Solana fell about 6.1% to around $132. This slide reflects a continuation of recent market volatility and risk-off sentiment impacting major cryptocurrencies.
This crypto selloff has been exacerbated by factors including excessive leverage among traders, leading to automatic liquidations on small price moves. Over $1 billion in leveraged trading positions were recently liquidated, hitting Ether and Bitcoin particularly hard. Other contributing factors include diminishing expectations for Federal Reserve interest rate cuts, hawkish Fed statements, and macroeconomic uncertainties like fears of a U.S. government shutdown. These conditions have led to substantial capital outflows from Bitcoin and Ethereum investment products, while Solana, despite the recent drop, has seen occasional inflows from ETF products but still remains under pressure.
Bitcoin’s latest drop of 1.85% adds to a brutal six-week stretch that has wiped more than $1 trillion from its market cap. The token is now down over 27% during that period, erasing all gains made earlier this year. The pace of the decline has caught many by surprise, especially after months of strong institutional enthusiasm that helped push prices to new highs. Now, that momentum has flipped.Ether and Solana are sliding even faster, both falling more than 3% on Wednesday. Ether dropped toward $3,000, while Solana slipped to roughly $137. Their monthly losses have widened as the broader crypto downturn intensifies. Altcoins tend to get hit harder during periods of fear, and this selloff has been no exception. With trading volumes thinning out, even moderate selling has caused sharper drops than usual, fueling more caution among retail and institutional traders.
The market’s mood has turned starkly negative. The widely watched Crypto Fear and Greed Index now sits in “extreme fear.” This shift reflects rapid changes in volatility, momentum and trader positioning. When fear rises to this level, markets often struggle to find buyers, and rebounds become harder to sustain. Every wave of selling triggers new pockets of panic, creating a cycle that weighs on every major token.
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A major factor behind the deeper slide is the sudden reversal in institutional behavior. Earlier this year, big investors poured billions into crypto-linked products, fueling a powerful rally. But that trend has now reversed sharply. Bitcoin exchanges have seen more than $3.6 billion in outflows since early November as institutions reduce exposure and move into safer assets. When large-scale investors pull back, liquidity falls and the market becomes more vulnerable to quick, steep drops. Their retreat has become one of the clearest signs of changing risk appetite.Macro uncertainty is adding pressure, too. Traders are now focused on the Federal Reserve’s December meeting, which could shape the next move in crypto. A potential rate cut may shift sentiment, but markets remain unsure whether it would revive risk appetite or signal deeper economic concerns. The uncertainty alone has created hesitation, leading many investors to wait on the sidelines. With caution rising, volatility is expected to stay elevated, especially as liquidity remains thin and sentiment remains fragile.Bitcoin, Ether and Solana all face a difficult near-term outlook. While long-term holders remain steady, short-term traders are increasingly defensive, responding quickly to every downward move. The lack of strong buying support has made it hard for any meaningful recovery to take hold. Unless risk appetite improves or the macro picture becomes clearer, the market may continue drifting lower.
Why is Bitcoin slipping toward $90,000 again?
The current crypto correction, characterized by Bitcoin falling nearly 30% in about 43 days from its early October record, is among the steepest since 2017. According to K33 research, similar past corrections lasted over 50 days but typically did not extend much longer than a few months. Some analysts forecast this correction phase in Bitcoin and broader crypto markets could linger potentially until early or mid-2026, implying a duration of several more months before a significant recovery or market bottom forms.
The key near-term support for Bitcoin could be around $84,000 to $86,000, with a possible downside revisit of levels near $74,000 if broader risk sentiment worsens. The Crypto Fear and Greed Index indicates “Extreme Fear,” suggesting investors remain very cautious. While some market watchers anticipate the bulk of the correction may be nearing an end, others emphasize that this correction is a normal part of crypto market cycles, which are often volatile, and the timeline can vary depending on…