Bitcoin Price Today, November 19, 2025: BTC Slides Below $90K as Record ETF Outflows Deepen Crypto Sell‑Off

Bitcoin is under heavy pressure again today, with BTC briefly dipping back below the key $90,000 level and trading near a seven‑month low as ETF investors yank billions from crypto products and risk appetite fades across global markets. ^[1]

At the time of writing, Bitcoin (BTC) is trading around $88,965, down roughly 4.8% over the past 24 hours. The intraday range has stretched from about $88,800 to $93,500, underscoring continued volatility after yesterday’s sharp liquidation-driven flush. ^[2]

Since setting an all‑time high near $126,000 in early October, BTC has now shed close to 30%, erasing its year‑to‑date gains and dragging the broader crypto market into one of its worst 6‑week corrections since 2017. ^[3]

Bitcoin price today: key levels on November 19, 2025

Based on aggregated spot and derivatives data from major trackers and exchanges:

Current BTC price: ≈ $88,965
24‑hour move: around ‑4–5%, depending on venue ^[4]
Intraday low / high (approx.):
- Low in the high $88,000s
- High in the low–mid $93,000s ^[5]
7‑day performance: down roughly 13% ^[6]
Drawdown from October peak (~$126,000): about 28–30% ^[7]
Global crypto market cap: around $3.1 trillion, with Bitcoin dominance near 57% ^[8]

Several analytics sites mark today’s action as a continuation of the slide that began after October’s euphoric run, rather than the start of a brand‑new leg lower. But with price hovering near the lows of this corrective phase, the market is firmly in “extreme fear” territory on most sentiment gauges. ^[9]

From October euphoria to a $1.2 trillion crypto drawdown

A six‑week slide that erased 2025 gains

Bitcoin’s drop below $90,000 yesterday and again today caps an intense six‑week unwind of leverage and speculative positioning across digital assets:

Reuters and other outlets estimate that around $1.1–$1.2 trillion has been wiped from total crypto market capitalization since early October. ^[10]
Bitcoin alone is down about 28–30% from its October 6 record near $126,000, with some reports noting that the move has erased BTC’s gains for 2025. ^[11]

Yesterday’s flush (November 18) was particularly brutal:

More than $1 billion in leveraged crypto positions were liquidated in under 24 hours, with over 180,000 traders seeing positions closed. ^[12]
Several analyses describe this as a classic leverage washout, with long positions heavily skewed into the October peak now being forcibly closed. ^[13]

That backdrop sets the stage for today’s price behavior: BTC is no longer crashing in a straight line, but it remains pinned near the bottom of the recent range, and confidence is fragile.

Record spot ETF outflows are amplifying the downside

One of the clearest stories behind today’s Bitcoin price is what’s happening in US spot Bitcoin ETFs.

BlackRock’s IBIT sees its biggest redemption day ever

On Tuesday, BlackRock’s iShares Bitcoin Trust (IBIT) — the largest spot Bitcoin ETF — saw investors pull roughly $523 million in a single day, its largest outflow since launch in January 2024. ^[14]

Reuters notes that:

Bitcoin fell below $90,000, its lowest level in seven months, as those flows turned sharply negative. ^[15]
The outflows “highlight the severity of the sell‑off” and show that even previously sticky institutional capital is stepping back. ^[16]

Morningstar data suggests this is not an isolated event:

Crypto ETFs globally have seen roughly $2.9 billion in net outflows over the past week, with November on pace for a record monthly withdrawal from crypto funds. ^[17]

Crypto‑specific news feeds also point out that US spot BTC and ETH ETFs logged another day of sizable net redemptions, with combined outflows in the hundreds of millions of dollars. ^[18]

Why it matters for price:
Spot ETFs are large, transparent holders of Bitcoin. When they see sustained redemptions, issuers must typically sell BTC to meet withdrawals, adding direct sell pressure on the market and reinforcing the bearish narrative.

Macro jitters: AI bubble fears, Fed uncertainty and risk‑off sentiment

Bitcoin’s slump is not happening in a vacuum. Several macro and equity‑market stories are feeding into today’s move:

US stock indexes have been wobbling for days as investors question whether AI‑linked mega‑cap valuations are stretched, with particular focus on Nvidia’s earnings due this week. ^[19]
The Financial Times and others highlight a shift in expectations around US interest rates, with hopes for a December Federal Reserve rate cut fading, which tends to hurt speculative assets like crypto. ^[20]
A Goldman‑tracked basket of unprofitable tech stocks is down nearly 20% since mid‑October, a sign that high‑beta, growth‑style trades are being de‑risked across the board. ^[21]

Barron’s and other outlets explicitly tie Bitcoin’s weakness to this broader risk‑off shift, noting that BTC has slid about 30% from its record high as investors rotate out of “riskier corners of the market”, including crypto and AI‑related plays. ^[22]

Put simply: Bitcoin is trading like a high‑beta macro asset again, not the uncorrelated “digital gold” that bulls often champion.

Technical picture: support, resistance and potential bottom zones

Traders are laser‑focused on a few key levels today.

Short‑term range: $89,000–$93,000

According to U.Today’s intraday technical breakdown, BTC is currently moving inside a local channel between roughly $89,964 support and $92,779 resistance, with neither bulls nor bears decisively in control on the hourly chart. ^[23]

The outlet describes the broader market as “neutral” mid‑week, but notes that closing a daily candle below the $90,000 area would likely keep the downtrend intact and open the door to deeper tests. ^[24]

Deeper support zones analysts are watching

Several technical and research notes published today flag the following areas:

$86,000–$88,000:
- Coindesk cites analysis from K33 Research suggesting this zone could act as a local bottom if selling exhausts itself. ^[25]
- U.Today also points to $86,000–$88,000 as a likely near‑term destination if BTC loses the $90,000 handle on a closing basis. ^[26]
$80,000–$85,000:
- On a “mid‑term” timeframe, U.Today highlights this region as the next major demand area where a more durable bounce might emerge if the current correction deepens. ^[27]
Overhead resistance: $95,000–$100,000:
- Several market updates note that any recovery rally will likely face selling in the mid‑$90,000s, with one research desk saying that a “push back toward $95,000 or even a retest of $100,000 isn’t off the table” if macro conditions stabilize. ^[28]

So far, Bitcoin is respecting the high‑$80Ks as short‑term support, but the failure to reclaim and hold above $95,000 keeps the larger downtrend intact.

What altcoins and crypto stocks are doing today

Major altcoins: bigger percentage losses, tentative bounces

The sell‑off hasn’t been confined to Bitcoin:

Ether (ETH) has dropped below $3,000 at times over the last 24 hours, posting daily declines of around 6–9% before staging modest recoveries back toward the low $3,000s. ^[29]
Other large‑cap coins such as Solana (SOL), XRP and Cardano (ADA) are mostly down 7–10% on the week, with some double‑digit daily moves during yesterday’s liquidation wave. ^[30]
Live blogs from crypto outlets report that meme coins briefly led a speculative bounce this morning, even as BTC struggled to hold $92,000, underscoring how fragmented sentiment has become across different corners of the market. ^[31]

Crypto‑linked equities mirror the slide

Crypto‑exposed stocks and ETFs have reacted aggressively:

Coindesk notes that listed crypto equities such as MicroStrategy‑style BTC treasuries and mining names have posted 8–9% intraday declines, more than mirroring BTC’s move. ^[32]
Separate reporting from AP and Bloomberg highlights steep November losses in platforms like Coinbase and Robinhood, as trading volumes cool and investors shun high‑growth tech names. ^[33]

The message from both spot markets and crypto‑adjacent stocks is clear: capital is rotating away from high‑volatility crypto exposure for now.

Long‑term sentiment: bearish price, bullish narratives

Despite today’s grim price action, not everyone sees this as the beginning of a prolonged “crypto winter.”

Bitwise CIO: think of Bitcoin as a “service,” not just a price

In a widely shared memo and interview published this morning, Bitwise CIO Matt Hougan argued that Bitcoin’s value stems from the “service” it provides as a way to store wealth digitally without relying on governments or banks, rather than from short‑term price swings. ^[34]

Key points from his remarks:

Bitcoin has fallen roughly 27–28% from its October peak, but Hougan frames this as a short‑term pullback in a long‑term uptrend. ^[35]
He likens BTC to a subscription‑style service: the more people who demand that service, the more valuable the asset becomes. ^[36]
He notes that over the past decade, Bitcoin has delivered gains on the order of tens of thousands of percent, driven largely by rising institutional and sovereign demand, from university endowments to sovereign wealth funds. ^[37]

Other research pieces echo the idea that the current drop is a “deep but normal correction” within a broader adoption cycle, pointing to the continued growth of regulated spot ETFs, nation‑state accumulation (including recent purchases by El Salvador), and expanding regulatory clarity in major markets. ^[38]

Key things for Bitcoin traders and investors to watch next

While no one can predict short‑term price moves, today’s newsflow highlights several data points that are likely to drive BTC’s next big swing:

ETF flow data
- Are record outflows from IBIT and other spot products a brief panic, or the start of a longer de‑risking cycle?
- If flows stabilize — or flip back to net inflows — that could help put a floor under BTC in the high $80Ks to low $90Ks. ^[39]
Macro catalysts (Nvidia earnings, Fed signals, economic data)
- A positive surprise from Nvidia or softer‑than‑feared macro data could restore some risk appetite, supporting a rebound toward $95,000–$100,000.
- Conversely, more signs of an AI bubble or a firmer‑for‑longer Fed stance would keep pressure on speculative assets like crypto. ^[40]
Leverage and derivatives positioning
- After back‑to‑back days with $1 billion‑plus in liquidations, futures funding rates and open interest will be watched closely; a cleaner, less leveraged market can make bottoms more durable. ^[41]
Behavior of long‑term holders and on‑chain metrics
- Recent data suggests some whales and long‑term holders are adding BTC into the dip, while smaller traders capitulate. Sustained accumulation by these groups has historically preceded longer‑term recoveries, though timing remains uncertain. ^[42]

Bottom line on Bitcoin price today (19 November 2025)

BTC is trading around the high $80,000s, having briefly broken below $90,000 again today after yesterday’s violent liquidation wave. ^[43]
The move caps a six‑week correction of nearly 30% from October’s record highs and coincides with roughly $1.2 trillion in lost crypto market value. ^[44]
Record outflows from spot Bitcoin ETFs, rising interest‑rate uncertainty, and wobbling AI‑linked equities are reinforcing a risk‑off backdrop that weighs on BTC and altcoins alike. ^[45]
Technically, traders are watching $86,000–$88,000 as a potential local bottom zone and $95,000–$100,000 as the first serious resistance band on any recovery. ^[46]
Long‑term bulls, from institutional managers to nation‑states, continue to argue that Bitcoin’s fundamental story remains intact, even as short‑term price action turns brutal. ^[47]

For now, Bitcoin price today (19.11.2025) reflects a market in reset mode — digesting excess leverage, reassessing macro risks, and testing just how much pain both retail traders and institutional ETF holders are willing to endure.

Disclaimer:
This article is for informational and news purposes only and should not be interpreted as financial, investment, or trading advice. Cryptocurrency investing is highly volatile and involves significant risk. Always conduct your own research and consider speaking to a licensed financial advisor before making investment decisions.