Finance

Bitcoin’s Crash: Is the Crypto Bull Run Over, or a Golden Buying Opportunity?

Bitcoin plummeted below $95,000, triggering market-wide crypto sell-off and major ETF outflows.

November 14, 2025, 9:59 AM

A close-up stack of physical Bitcoin, Ethereum, and Litecoin cryptocurrency coins.

Physical tokens of Bitcoin, Ethereum, and Litecoin are shown stacked on a dark surface. By Marc Bruxelle / Shutterstock.com.

Executive Summary

Bitcoin plunged below $95,000, marking an 8% daily decline and a 24% drop from its peak, amidst $867 million in Bitcoin ETF outflows and $1.24 billion in crypto long position liquidations.

The market-wide downturn saw Ethereum fall to $3,100 and Solana to $136, with crypto-exposed stocks also experiencing significant declines.

Despite volatility, key industry developments included Cash App’s plan for stablecoin payments, Canary’s XRP ETF debut with $58 million in volume, and Polymarket’s partnership with the UFC.

The Story So Far

The recent cryptocurrency market downturn, marked by Bitcoin’s significant plunge and broader declines across altcoins and crypto-related stocks, is primarily attributable to substantial outflows from Bitcoin exchange-traded funds and a widespread liquidation of leveraged long positions, collectively contributing to a market sentiment of “Extreme Fear.”

Why This Matters

The significant crypto market downturn, marked by Bitcoin’s plunge, massive ETF outflows, and widespread liquidation of leveraged positions, signals a severe blow to investor confidence and pushes market sentiment into “Extreme Fear,” raising concerns about a potential bear market. This correction underscores the systemic interconnectedness and inherent volatility of the crypto ecosystem, impacting not only major digital assets but also related stocks, and will likely lead investors to closely monitor macro factors for any signs of a long-term recovery.

Who Thinks What?

Market participants are experiencing “Extreme Fear” due to the significant cryptocurrency market downturn, characterized by Bitcoin’s plunge, massive ETF outflows, and widespread liquidation of leveraged positions, leading some investors to question if the sector is entering a bear market.

Despite current market volatility, industry companies and some analysts maintain a long-term optimistic outlook, citing ongoing developments like stablecoin integration and new ETF launches, alongside macro factors such as anticipated easing cycles, increasing institutional adoption, and regulatory clarity as a bull case for the crypto space.

The cryptocurrency market experienced a significant downturn, with Bitcoin plunging below $95,000 on Friday morning, marking an 8% daily decline and a 24% drop from its record peak of $126,200 just five weeks prior. This market correction coincided with substantial outflows from Bitcoin exchange-traded funds (ETFs) and a broad liquidation of leveraged positions across the crypto ecosystem.

Market-Wide Plunge and Outflows

Bitcoin’s slip below the $100,000 threshold for the third time this month dragged down the entire crypto-equities complex. Ethereum (ETH) fell to $3,100, a 12% decrease, while Solana (SOL) touched $136, down 13%. Crypto-exposed stocks such as MicroStrategy (MSTR), Coinbase (COIN), and Robinhood (HOOD) also saw notable declines.

The market witnessed a massive $867 million in Bitcoin ETF outflows, the largest single-day outflow since February 25. This selling pressure contributed to the liquidation of over $1.24 billion in crypto long positions within 24 hours. Market sentiment, as reflected by the Crypto Fear & Greed Index, registered “Extreme Fear,” a level not consistently observed since 2022.

Key Industry Developments Amidst Volatility

Despite the market volatility, several companies announced significant developments. Jack Dorsey’s Cash App revealed plans to integrate stablecoin payments on Solana and other networks, expected to roll out in early 2026. This move comes from a prominent Bitcoin maximalist, highlighting the growing utility of stablecoins.

In the ETF space, Canary’s XRP ETF made its debut with $58 million in volume, marking the highest volume for any ETF launch this year. Additionally, prediction market platform Polymarket announced an exclusive partnership with the UFC, which will include broadcast and social media content. NFT marketplace Magic Eden also announced plans for ME token and NFT buybacks utilizing 30% of its secondary marketplace revenue.

Looking Ahead

The recent market action has led investors to question whether the cryptocurrency sector is entering a bear market. While some analysts acknowledge the potential for further pain, they often point to underlying macro factors as a long-term bull case for Bitcoin and the broader crypto space, including anticipated easing cycles, increasing institutional adoption, and ongoing regulatory clarity.