{"id":91081,"date":"2025-11-17T10:03:30","date_gmt":"2025-11-17T07:03:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91081"},"modified":"2025-11-17T10:05:34","modified_gmt":"2025-11-17T07:05:34","slug":"bitcoin-plummets-to-six-month-low","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-plummets-to-six-month-low\/","title":{"rendered":"Bitcoin Plummets to Six-Month Low"},"content":{"rendered":"

The price of the leading cryptocurrency fell to a six-month low of $93,000, before recovering to around $95,000.<\/p>\n

\"BTCUSDT_2025-11-17_09-11-10\"
15-minute BTC\/USDT chart from Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

According to CoinGlass, the crypto market saw $619 million in liquidations over the past day, with $243 million attributed to Bitcoin.<\/p>\n

\"Screenshot
Source: CoinGlass<\/a>.<\/figcaption><\/figure>\n

The Fear and Greed Index<\/a> indicates “extreme fear.”<\/p>\n

\"Screenshot
Source: Alternative.me<\/a>.<\/figcaption><\/figure>\n

Derek Lim, head of research at Caladan, explained<\/a> that liquidity is temporarily squeezed: the U.S. government shutdown<\/a> led to an increase in the overall treasury account.<\/p>\n

He anticipates imminent changes: the resumption of government spending will restore liquidity to the system, and Japan’s 17 trillion yen stimulus package<\/a> ($110 billion) could support global financial markets.<\/p>\n

Edward Carroll, head of markets at MHC Digital Group, agrees. He noted that funding indicators resemble the situation at the end of 2018 and 2019.<\/p>\n

\n

“The crypto market, being more reactive, adjusted earlier than TradFi<\/span>,” Carroll said.<\/em><\/p>\n<\/blockquote>\n

The specialist views the medium-term outlook as positive. He highlighted Bitcoin’s role as “digital gold,” expectations of liquidity recovery, and interest from institutional investors.<\/p>\n

\n

“The current pullback reflects tight financing conditions rather than a breach of cryptocurrency fundamentals. When the liquidity cycle turns, we expect digital assets to recover first,” the expert concluded.<\/em><\/p>\n<\/blockquote>\n

Key Levels<\/h2>\n

BTC Markets analyst Rachel Lucas stated that Bitcoin is testing support around $94,000. She identified the $88,000\u2013$91,000 range as critical.<\/p>\n

Lim noted that experts are watching the 50-week simple moving average at $103,000. A weekly close below this level is considered a bearish signal.<\/p>\n

The altcoin market also declined. Over the week, Ethereum dropped 11.6% to $3,185, XRP fell 8% to $2.25, and Solana decreased 16.1% to $141.<\/p>\n

\"Screenshot
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n
\n

“Historically, altcoins require excess liquidity and euphoria to grow. Currently, neither is present,” Lim said.<\/em><\/p>\n<\/blockquote>\n

He added that an altcoin season is unlikely to begin without improvements in these factors.<\/p>\n

Earlier, QCP Capital analysts outlined<\/a> the conditions for Bitcoin’s support through the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of the leading cryptocurrency fell to a six-month low of $93,000, before recovering to around $95,000.<\/p>\n","protected":false},"author":1,"featured_media":91082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell to a six-month low of $93,000, recovering to $95,000.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145],"class_list":["post-91081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"146","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell to a six-month low of $93,000, recovering to $95,000.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/91081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=91081"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/91081\/revisions"}],"predecessor-version":[{"id":91083,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/91081\/revisions\/91083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/91082"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=91081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=91081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=91081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}