Crypto Selloff: Bitcoin Dumps Under $99K, but Retail Sentiment Flashes Bottom for BTC, ETH, XRP

A recent crypto selloff has pushed Bitcoin below $100,000 for the second time in November 2025, leading to a wave of concern among retail traders. According to Santiment, social sentiment for major cryptocurrencies like Bitcoin, Ethereum, and XRP has notably deteriorated. However, this mood shift could signal a potential market bottom; Bitcoin's Net Unrealized Profit ratio has dropped to a historically significant level indicating possible price rebounds. Despite the bearish sentiment, institutional investors are leaning cautiously optimistic, with about 61% intending to increase their crypto exposure due to anticipated regulatory developments and altcoin ETF launches in 2026. On-chain data shows that while large wallets are realizing losses, new entrants are absorbing these flows, reinforcing a potential bottoming outlook. Additionally, Ethereum's exchange reserves have plummeted, suggesting accumulation. Overall, while the market appears to be drifting lower, indicators of increased institutional buying alongside negative retail sentiment may set the stage for a market reversal, rather than a protracted downward trend.

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