Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why
The post Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why appeared on BitcoinEthereumNews.com.
On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours. However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC. Analysts from the Bull Theory have provided insights into why altcoins are holding strong during this period. Bitcoin Dominance Falls In a recent social media post on social media site X (previously Twitter), the analysts asserted that the recent decline in BTC’s value was not characterized by typical selling pressure; instead, it is seen as a result of structured institutional selling. This was reflected in negative flows from Coinbase and the manner in which the candlestick patterns formed. Following this structured selling, panic selling ensued as traders who were already facing losses began to exit their positions hastily. This panic selling led to rapid declines in BTC’s price; however, altcoins, having already approached a state of seller exhaustion, did not experience significant drops. In previous scenarios where BTC has faced downturns, its dominance in the market typically surges as traders flock to Bitcoin for safety. Yet, the current situation is different. Bitcoin’s dominance remains below the 50-week Exponential Moving Average (EMA), and the market has recently seen a series of red candles. Such a decline in dominance while BTC is in a downward spiral is unusual, suggesting that altcoins are not being entirely abandoned by traders. Ethereum (ETH) has lost its 50-week EMA but is making attempts to reclaim it. Throughout this month, BTC and ETH have experienced nearly identical declines, yet ETH has shown quicker recovery patterns. The analysts highlighted that during previous cycles, whenever Ethereum holds its ground better than Bitcoin during similar…
Filed under: News - @ November 19, 2025 8:25 am