After a day and a half of calmness and obvious value stability, bitcoin has slipped as soon as once more on Sunday afternoon regardless of some bullish information approaching the US-China commerce deal entrance.
What’s extra worrisome on this state of affairs is the conduct of BTC traders who’ve deposited roughly $1 billion price of the asset to crypto exchanges prior to now three days alone.
Greater than 10,000 Bitcoin $BTC, virtually $1 billion, have hit crypto exchanges prior to now 72 hours! pic.twitter.com/3kwwzLMKH0
— Ali (@ali_charts) November 16, 2025
Such massive transfers are usually adopted by sell-offs, since most traders are inclined to maintain their BTC saved away from exchanges except they wish to instantly eliminate it. Consequently, it’s secure to imagine that the quick promoting strain has solely intensified and could possibly be among the many causes behind the market-wide crash.
That is evident in bitcoin’s value because the asset has nosedived as soon as once more prior to now few hours. It traded near $97,000 earlier at present, however has dropped to $94,000 as of press time. That is the second time it has examined this significant assist since Friday.
Total, the cryptocurrency has plunged by $13,000 since Tuesday morning when it briefly peaked above $107,000. Momentum and sentiment stay bearish, with the Worry and Greed Index plummeting to a 9-month low, as reported yesterday.
Some optimistic developments on the macro entrance got here from US Treasury Secretary Scott Bessent, however even that couldn’t halt BTC’s quick dive. Bessent asserted in a latest interview that Washington and Beijing may strike a commerce deal earlier than Thanksgiving (November 27) after noting he’s assured China will honor the settlement.
BESSENT TARGETS THANKSGIVING FOR CHINA TRADE DEAL
U.S. Treasury Secretary Scott Bessent stated the Trump administration goals to finish its commerce settlement with China by Thanksgiving (November 27). Chatting with Fox Information, he dismissed a Wall Avenue Journal report as inaccurate,…
— *Walter Bloomberg (@DeItaone) November 16, 2025
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