Bitcoin sinks under $90K: BitMine, Bitwise execs tip bottom this week
Bitcoin sinks under $90K as risk appetite fades, with the world’s largest cryptocurrency sliding to its lowest level in roughly seven months amid rising macro uncertainty.
Market watchers including BitMine chairman Tom Lee and Bitwise Asset Management CIO Matt Hougan told broadcasters that a tradable bottom could emerge as soon as this week, framing the drawdown as a long-horizon entry point for investors.
Market Snapshot and What Happened
Price action
BTC briefly dipped below $90,000 on Tuesday, marking a fresh multi-month low and leaving it ~28–30% below its October record near $126,000.
Context
The decline follows weeks of de-risking across tech and crypto tied to uncertain rate-cut odds, stretched AI valuations, and tariff headlines. The Guardian
Corollaries
Broad crypto capitalization and crypto-exposed equities fell in tandem, reflecting a wider risk-off tone.
What Lee and Hougan Said
Tom Lee said the market is working through October’s major liquidation and that technicals point to seller exhaustion, suggesting a bottom “sometime this week.” Matt Hougan echoed the view, calling current levels a “generational opportunity” and a “gift for long-term investors,” adding that Bitcoin could bottom before other risk assets.
Drivers Behind the Slide
Macro & policy
Unclear timing of U.S. rate cuts has pressured risk assets. Tariff talk and geopolitics added volatility.Flow dynamics
Reports point to ETF outflows and longer-term whale distribution exacerbating price weakness. (Synthesis of market commentary.)Positioning & liquidations
After Oct. 10’s sharp washout, sentiment stayed fragile, keeping downside momentum intact on breaks of key levels.
Outlook: Bottom Soon and New Highs Later?
Lee expects stocks to rally into year-end and help propel Bitcoin back to new highs, while Hougan argues BTC will likely be first to bottom among risk assets. Both frame the pullback as cyclical within a longer-term uptrend.
Bitcoin sinks under $90K what it means for investors
Valuation context:
Even after the drawdown, Bitcoin remains within one cycle of its October all-time high (~$126,080 on CoinGecko).
Risk management:
Volatility remains elevated; dollar-cost averaging and defined risk limits can help long-term allocators weather swings (general guidance, not advice).
Trading tactics when Bitcoin sinks under $90K
Watch macro calendars (Fed communications, inflation prints).
Track spot/ETF flows and funding rates for positioning extremes.
Use liquidity zones (prior lows, round numbers) rather than precise knife-catching.
Context & Analysis
Historically, BTC has often bottomed before broader risk assets after major liquidations, but near-term outcomes hinge on policy expectations and flows. A swift rebound would likely need improving equity sentiment and stabilization in ETF/derivatives positioning.
Conclusion
Bitcoin’s slide below $90,000 is highlighting a broad shift toward risk aversion across global markets. According to Lee and Hougan, a short-term bottom may emerge this week as selling pressure stabilizes and technical signals firm up. Their outlook suggests that the current weakness could be temporary if market sentiment finds a floor soon.
Seasonal year-end strength in equities may also provide a supportive backdrop for crypto, but the overall outlook still depends on clearer macro trends. Until inflation, rate expectations, and liquidity conditions become more predictable, maintaining strict risk management and position discipline remains crucial for navigating volatility.
FAQs
Q : Did Bitcoin really fall below $90,000?
A : Yes. Multiple outlets reported an intraday drop under $90,000, marking a seven-month low.
Q : What is Bitcoin’s recent all-time high?
A : Around $126,000 in early October 2025, per CoinGecko.
Q : Why did Bitcoin drop?
A : A mix of ETF outflows, whale selling, tariff and rate uncertainty, and broader risk-off sentiment.
Q : Are experts calling a bottom?
A : Yes. BitMine’s Tom Lee and Bitwise’s Matt Hougan said a bottom could form this week.
Q : Is this a “generational opportunity”?
A : Hougan described current levels that way for long-term investors; risk controls still matter.
Q : Will Bitcoin make a new high by year-end?
A : Lee expects new highs if stocks rally, but this still depends on macro conditions.
Q : What should I watch next when Bitcoin sinks under $90K?
A : Fed signals, tariff headlines, ETF flows, and derivatives funding rates.
Facts
Event
Bitcoin drops below $90,000; executives tip near-term bottomDate/Time
2025-11-18T00:00:00+05:00Entities
Bitcoin (BTC); BitMine (Tom Lee); Bitwise Asset Management (Matt Hougan); U.S. Federal ReserveFigures
~$89,000 intraday low (USD); ~28–30% below ~$126,080 ATH (USD)Quotes
“Generational opportunity … gift for long-term investors.” Matt Hougan, CIO, Bitwise (CNBC interview)Sources
Reuters; Guardian live blog; CoinGecko; CNBC/YouTube (see below)