Bitcoin Updates: Major Institutions Make Significant Bets on Bitcoin During Crypto Market's Intense Fear-Driven Selloff

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Bitcoin Updates: Major Institutions Make Significant Bets on Bitcoin During Crypto Market's Intense Fear-Driven Selloff

Bitget-RWA2025/11/20 15:28

By:Bitget-RWA

- Bitcoin's drop to $92,000 sparks debates over market health, with Fidelity calling it a short-term correction rather than a bear market. - Institutional adoption grows as ETFs now hold 28% of Bitcoin , despite $3B outflows, while long-term holders sold $38B absorbed by spot ETFs. - Technical indicators show mixed signals: Bitcoin's RSI rebounds but MACD remains bearish, while Ethereum's Death Cross deepens downward pressure. - Market sentiment hits "extreme fear" (Fear & Greed Index at 10), yet instituti

Bitcoin’s recent decline toward $92,000 has sparked renewed discussion about the strength of the ongoing crypto bull run. Analysts from Fidelity Digital Assets and various technical indicators point to a possible market correction. The leading cryptocurrency has wiped out its 2025 gains and is now trading close to where it started the year, as risk-averse sentiment takes hold, while

Ethereum and XRP are both hovering near major support zones

Technical signals present a mixed outlook.

The Relative Strength Index (RSI) for

Bitcoin

has bounced back to 34 after briefly entering oversold conditions, but the Moving Average Convergence Divergence (MACD) indicator is still negative,

as the blue line remains under the red signal line

. At the same time, Ethereum’s RSI has moved into bullish territory at 37, although

a Death Cross formation

—where the 50-day EMA falls below the 100-day EMA—has added to downward momentum. For

XRP

, a move above $2.40 could indicate a short-term bounce, but traders are cautious about potential profit-taking that could push prices back toward $2.07

based on technical analysis

Bernstein Research at Fidelity contends that Bitcoin’s 25% slide from its October peak of $126,000 is more likely a temporary pullback than the start of a bear market. The team highlights that

long-term investors have sold around 340,000 BTC (worth $38 billion)

over the past six months, with much of this supply being absorbed by spot ETF inflows and corporate treasuries.

Institutional participation is still on the rise

, as Bitcoin ETFs now account for 28% of the total supply, up from 20% at the end of 2024, even after $3 billion in outflows over the last three weeks.

Market mood remains deeply risk-averse, with the Fear and Greed Index plunging to 10—the lowest since late February—as volatility, low trading activity, and negative sentiment on social media fuel caution. Bitcoin continues to dominate the crypto landscape, but losses among altcoins have intensified the broader selloff.

Ethereum’s value has dropped to a four-month low below $3,000

, pressured by macroeconomic worries such as the threat of a U.S. government shutdown and uncertainty in the AI sector.

Institutional activity signals ongoing faith in the sector.

Bitwise Asset Management

, which recently introduced an XRP ETF on the NYSE, underscores Bitcoin’s role as a “digital store of wealth” that operates independently of banks and governments. Meanwhile, KindlyMD (Nakamoto Capital) has invested $45 million in Bitcoin-focused treasury firms like Treasury BV and Metaplanet Inc., viewing Bitcoin as a strategic asset for growing shareholder value.

Bitcoin’s future direction depends on its ability to reclaim important price thresholds.

Surpassing $100,000

could restore risk appetite, while

a prolonged dip below $88,000

may point to further downside. Analysts such as Michaël van de Poppe emphasize that liquidity will be crucial in determining the next move,

as trillions in short positions

could be at risk if the market rebounds. For now, the market remains delicately balanced—caught between the possibility of capitulation and the hope for a cautious recovery.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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