Bitcoin’s Drop Under $90K Sparks Bold Claims From Crypto Execs: ‘This Is A Generational Opportunity’

Christian Encila

Last Updated: November 18, 2025 10:15 am

3 mins read

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Bitcoin slipped below $90,000 this week, a level it had not touched in seven months, according to data. Traders watched nervously as the flagship token moved around $90,700, leaving it roughly 25% beneath its recent all-time high of just over $126,000 reached on Oct. 6. Markets noted that a big liquidation event on Oct. 10 still echoes through trading desks.

Analysts See A Near-Term Bottom

According to an interview on CNBC, BitMine chairman Tom Lee said the Oct. 10 liquidations and ongoing uncertainty about whether the US Federal Reserve will cut rates in December have kept pressure on crypto.

He described signs of exhaustion among sellers and cited technical work suggesting a bottom could appear soon.

Tom Lee and Matt Hougan both say crypto prices are getting close to forming a bottom. Source: YouTube

Bitwise Asset Management chief investment officer Matt Hougan shared a similar line of thinking, calling current pricing a “generational opportunity” and urging longer-term investors to take notice. He added that traders are jittery about the economy, high AI valuations, and US President Donald Trump’s tariffs, which may have added to selling.

Selling Fueled Mostly By Short-Term Holders

According To XWIN Research, a review of on-chain measures showed short-term holders did much of the heavy lifting in the recent decline.

The Short-Term Holder Spent Output Profit Ratio fell below 1 on multiple occasions, which signals many short-term owners sold at a loss. XWIN also said coins younger than three months made up most of the spent volume during the worst of the drop.

That pattern points to panic-driven exits by recent buyers rather than mass, late-cycle distribution by longtime holders.

At the same time, metrics such as Coin Days Destroyed, Realized Profit, and Long-Term Holder Net Position Change registered increased distribution by long-term holders since September, but XWIN argued this behavior matches routine profit-taking during a bull run rather than blow-off top selling.

BTCUSD now trading at $91,320. Chart: TradingView

Flow From ETFs And Whales Adds Pressure

Reports have disclosed that exchange-traded fund outflows and large sales by whales also contributed to the weakness, while rising geopolitical tensions added a further layer of risk.

Market participants described Bitcoin as an early mover that started to weaken before other risk assets, which some investors took as a warning signal for broader markets.

Outlook Hinges On Stocks And Policy

Lee expects a rebound if equities rally later this year, saying a stronger stock market would likely lift Bitcoin back to fresh highs before year-end.

Hougan agreed that a recovery could come quickly and that the current window offers an attractive entry for investors planning to hold for 12 months or more.

Yet traders remain split; a few see the recent data as clear exhaustion, while others warn macro events and policy decisions could push prices lower before confidence returns.

Featured image from Unsplash, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.