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Bitcoin drops below 200-week average amid extreme fear and ETF outflows, with no clear cause identified.

Market News
16 Nov 2026, 01:07 WIB
BeInCrypto
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Bearish
Bitcoin drops below 200-week average amid extreme fear and ETF outflows, with no clear cause identified.

Bitcoin recently fell 4.4% below its 200-week moving average, a rare event that coincides with a Fear and Greed Index reading of 10, signaling extreme market fear. Michael Saylor highlighted these metrics but did not link them directly to the price drop. Meanwhile, Bitcoin ETFs have seen $2.92 billion in outflows over 30 days, accelerating pressure on holders. Binance co-founder Changpeng Zhao noted multiple possible reasons for the decline but emphasized that the exact cause remains uncertain. The market will watch ETF flows and corporate buying closely for signs of recovery or further weakness.

Bitcoin's recent extreme metrics provide context as of Nov 16, 2026 06:21 WIB. For readers following cryptocurrency markets, here is Pluang's snapshot: out of 50 major cryptocurrencies priced, 42 rose and 7 fell today. Notable movers include XRP at Rp17.650 with a 6.76% gain and a typical hold time of 73 days, COTI at Rp154 up 6.47%, and XLM at Rp2.567 rising 6.16%. The most notable figure is XRP's 6.76% increase.

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