The market sentiment surrounding Bitcoin has deteriorated significantly in recent days. Investors remain cautious, and analysts are divided on what comes next. While some expect further downside, others see opportunities in the current market conditions. The well-known Fear and Greed Index is now sitting at 10, a level last seen during the Terra Luna crash in 2022. This indicates an extremely fearful market.

December May Once Again Mark a Key Bottom

Market analyst Timothy Peterson emphasises that the recent decline may not be over yet. According to his analysis, there is a 50 to 75 per cent chance that Bitcoin could drop further before a sustainable bottom is formed. He notes that clear signs of capitulation are still lacking, whereas such sell-offs often preceded recoveries in previous market cycles.

If the market follows similar historical patterns, December could once again become a stabilisation point. November traditionally brings additional selling pressure due to quarterly earnings reports from major companies, where disappointing results often lead to capital moving out of risk assets such as crypto.

Analysts Strongly Divided on the Next Move

The low score on the Fear and Greed Index has resulted in widely differing analyses. Some experts anticipate further losses, while others see the current correction as a favourable entry point.


Bitcoin Fear & Greed index 17 November 2025

Peterson expects that Bitcoin will remain above 90,000 dollars in 75 per cent of scenarios. Analyst Ted Pillows identifies a potential bottom range between 88,000 and 90,000 dollars. Should Bitcoin fall below that zone, a drop back towards the 76,000-dollar low from April 2025 could be back on the table, according to him.

On the optimistic side, analysts such as Michael van de Poppe and CryptoQuant CEO Ki Young Ju believe a reversal is possible. Ju notes that the market structure remains healthy as long as new capital continues to enter the market.

Institutional Interest Continues to Rise

Despite the downturn, major investors continue to increase their exposure. Harvard University has reportedly expanded its position in Bitcoin ETFs to approximately 442.8 million dollars — a 237 per cent increase. Such significant institutional inflows may help offset the negative sentiment among retail investors.

Disclaimer: This is not financial advice. Always conduct your own research and consider seeking professional guidance before making investment decisions.