Bitcoin Falls Below $90,000 Amid Steepest Crypto Correction Since 2017, K33 Reports
On November 19, 2025, Bitcoin's price fell below $90,000, down 4.2% in early U.S. trading, with Ethereum also dropping 6.5% to around $2,892.78, slipping under $3,000. Crypto-related equities declined sharply by 8% to 9%, including Strategy (MSTR), which dropped over 8%, along with falls in Circle (CRCL), BitMine (BMNR), Bitfarms (BITF), and Hive Digital (HIVE). Bitcoin's decline from its October 2025 peak near $126,000 represents a 30% drop over 43 days, marking it as one of the steepest corrections since 2017, according to K33.
Despite an outperformance on Tuesday when crypto rose as U.S. stocks sold off—a rare pattern—the subsequent session saw a reversal. Nearly $2.3 billion has been withdrawn from U.S.-listed spot Bitcoin ETFs over the previous five sessions, based on data from Farside Investors. Vetle Lunde of K33 indicated that this drawdown might form a local bottom between $84,000 and $86,000 if it follows the pattern of the two deepest two-year drawdowns. However, if that support does not hold, further downside could test the April low and MSTR's average entry price of $74,433. The Crypto Fear and Greed Index remains in the Extreme Fear zone. Meanwhile, the Nasdaq index showed a slight gain of approximately 0.2% around midday on the East Coast.
