By Market Correspondent November 20, 2025
In a market that looks half-asleep, Bitcoin woke up and chose violence — rocketing +1.99 % to $92,311.61 and once again reminding the world why it’s the only asset that refuses to respect gravity.
While traders nursed hangovers from this week’s brutal risk-off washout (when BTC briefly kissed sub-$90,000 for the first time since the post-election moonshot), the original cryptocurrency staged a textbook “who cares” rebound. Spot ETF outflows hit fresh records, macro uncertainty lingers, and yet dip-buyers piled in like it was 2021 all over again.
“Bitcoin is back in high-beta beast mode,” said a crypto desk head in Singapore. “Gold’s bleeding, oil’s asleep, stocks are meh — and BTC just printed the biggest green candle on the board. Classic.”
Indeed, the contrast was stark:
- Nasdaq 100 managed a respectable +0.70 % to 25,045.3, carried by battered tech names finding a bid.
- Gold surrendered -0.38 % to $4,062.19 an ounce as the dollar flexed modestly.
- Crude oil barely moved: WTI +0.10 % to $59.31, Brent -0.11 % to $63.72.
- Forex was comically quiet — EUR/USD -0.14 % to 1.1520, AUD/USD essentially flat at 0.6477, USD/JPY +0.11 % to 157.32.
One mystery standout: an “OFFICIAL T...” indicator (likely a key Treasury yield) jumped +0.60 % to 6.76, hinting lingering nerves about the rates outlook.
Analysts say the move in Bitcoin smells like capitulation reversal. On-chain data shows long-term holders accumulating aggressively below $90k, exchange balances dropping, and futures open interest rebuilding. Translation: the smart money is betting this dip was the final shakeout before the next leg higher.
As one thing is crystal clear on this sleepy Thursday: in a world searching for conviction, Bitcoin remains the loudest voice in the room.
