Bitcoin Falls Below $90,000; Institutional Funds Exit for Fourth Consecutive Day [Crypto Briefing]

[Financial News] On the 18th, Bitcoin (BTC) dropped below the $90,000 mark. As expectations for an additional interest rate cut by the Federal Reserve System (Fed) within the year have faded, institutional investment in spot Exchange-Traded Funds (ETF) has continued to flow out.
According to CoinMarketCap, as of 2 p.m. on this day, BTC was trading at around $89,000, down 5.86% from the previous day (24-hour basis). Over the past week, BTC has fallen by 15.32%.
On the Korean won market, BTC is trading at around 133 million won. According to the global virtual asset comparison platform Cryprice, the Korea premium stands at 0.98%.
It has been seven months since BTC last hovered around the $80,000 level, which was last seen in April. Earlier this year, BTC started at around $93,000 and surged to $126,000 last month. However, amid renewed U.S.-China tensions and the Fed's hawkish stance, it has dropped by about $36,000 in just one and a half months.
Institutional investors are also withdrawing funds. Over the past four trading days (November 12–17), institutional investors have recorded net sales in spot BTC ETFs, selling a total of $1.72382 billion (about 2.5266 trillion won) worth of assets.
Investor sentiment has also cooled. CoinMarketCap’s 'Crypto Fear & Greed Index' stood at 15 on this day, indicating 'Extreme Fear.' The index ranges from 0 to 100, with values closer to 0 representing 'Extreme Fear' and those closer to 100 indicating 'Extreme Greed.'
At the same time, Ethereum was trading at around $2,977, down 6.45% from the previous day. Ripple was trading at $2.14, a decrease of 4.62%.

[email protected] Im Sang-hyuk Reporter