The cryptocurrency market remains bearish as of mid-November 2025, amidst U.S. economic data uncertainty and weak institutional flows, with key participants observing cautious sentiment across digital asset markets.
This market bearishness reflects broader economic anxieties, influencing hesitant trading behavior and potential increased volatility, particularly affecting major cryptocurrencies like Bitcoin and Ethereum.
Market Overview
The cryptocurrency market is experiencing a bearish phase due to uncertainty regarding U.S. economic conditions. Institutional investors have shown reduced interest, impacting Bitcoin and Ethereum substantially.
Major market figures, such as John Glover, have highlighted concerns, predicting potential price fluctuations and a complex market wave with both rallies and sell-offs.
Retail Sentiment and Institutional Retreat
The crypto industry is witnessing declining prices across major assets. Retail sentiment is turning bearish, with weak rebound signals noted for key cryptocurrencies like BTC, ETH, and XRP.
Financial institutions are retreating, resulting in negative ETF flows and muted on-chain activities. These economic conditions contribute to ongoing market turbulence and investor caution.
Factors Driving Volatility
Historically, the market has experienced similar patterns, post-2021 corrections suggest ongoing volatility linked to macroeconomic uncertainties. Experts foresee potential market recovery as data and policy issues resolve.
Market analysts predict further volatility as the situation unfolds, with a potential for rallies and sell-offs, drawing from past trends and economic data dependency. "BTC prices continue to come softer as expected. Don’t expect a quick unidirectional move lower in BTC. While some feel strongly that the 23.6% support will hold, I expect Wave IV to be quite complex, with lots of rallies and sell-offs, eventually hitting the 50% to 38.2% retracement levels ($71k and $84k respectively)" - John Glover, Chief Investment Officer at Ledn.