The price of Bitcoin is currently going through its most critical phase of the current bull cycle, recording a drop that has set off alarms across the sector. According to recent data, the asset fell below $90,000, marking a seven-month low and confirming the most severe Bitcoin market correction to date. On-chain analyst Maartunn highlighted the magnitude of this move, pointing out that the depth of the pullback exceeds any other corrective event seen in this period.
Investor sentiment has plummeted in parallel with the price, reflecting palpable nervousness on trading platforms. The Fear and Greed Index has remained stuck in “Extreme Fear” for eight consecutive days as of November 19, a streak not seen since the FTX collapse. Despite a modest recovery that placed the price at $91,460, the lack of risk appetite is evident, suggesting that traders maintain extreme caution in the face of persistent volatility.
Are we facing a generational buying opportunity or the beginning of crypto winter?
The current uncertainty has generated a clear fracture in expert opinions, who debate whether this is a local bottom or a definitive trend change. On one hand, figures like Mister Crypto argue that the bear market has already begun, citing technical signals and four-year cycle models that align with previous peaks. This pessimistic view is backed by investor Philakone, who forecast that BTC could drop as low as 35,000 dollars by the end of next year, based on the historical duration of previous declines.
In contrast, other analysts defend the thesis that the bullish structure remains intact despite the prevailing fear. Ash Crypto maintained that current behavior does not correspond to the end of a bull market, suggesting that altcoins are at a four-year bottom. Likewise, institutional heavyweights like Tom Lee and Matt Hougan agree that Bitcoin could be forming a bottom this very week. For them, if history repeats itself, an imminent recovery could be just around the corner, challenging the current bearish consensus.
To conclude, the market is at a decisive turning point that will define the trajectory of digital assets for the rest of 2025. The divergence between on-chain data, showing sales by old whales, and institutional optimism creates a complex scenario. Therefore, the coming days will be crucial to determine if current support holds or if we face a deeper capitulation that rewrites cycle expectations.
