BTC USD Bounces, As Retail Flock to ICP and XPL: When Will Crypto Recover?

Ben Graham · Novembro 18

The drop to around the $90,000 is worryingly fast. As such, it is no surprise that many are asking: When will crypto recover? Already, BTC USD price is battered, and some of the top meme coins are down triple digits in the last month.

As Bitcoin, Ethereum ETH $3,062.60 5.85% Ethereum ETH Price $3,062.60 5.85% /24h Volume in 24h $48.70B Price 7d Learn more , and some of the best cryptos to buy approach local resistance levels, the total crypto market cap is also sliding.

In roughly one week, over $400Bn has been lost. Every tick lower heaps more pressure; will buyers hold?

(Source: Coingecko)

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When Will Crypto Recover? BTC USD Bouncing: Will Bulls Push Past $95,000?

The close below the $100,000 level was coming. Although buyers were determined and the big boys bought at or around the round number, expecting a sharp rebound, it didn’t come to pass.

Steady selling pressure came from funds and institutions that continued to redeem their spot Bitcoin ETFs. As of November 17, over $254M worth of shares had been redeemed, mostly via BlackRock.

Spot Bitcoin ETF issuers are the largest indirect buyers of Bitcoin. In the last cycle, demand rose sharply once the BTC USD price shot past $100,000, rallying to over $126,000. Coinciding with this surge was an increase in the number of spot Bitcoin ETF shares purchased.

(Source: SosoValue)

For the better part of November, spot Bitcoin ETF issuers have been redeeming shares, and what followed next was a sell-off that not only impacted the Bitcoin price but also that of 100X cryptos.

The situation was worsened by whales joining the fray and dumping in blocks. As on-chain data shows, a Satoshi-era wallet sold 11,000 BTC for $1.3Bn, pushing the Bitcoin price down by at least 2%.

ALERT: BITCOIN JUST BROKE $94,000

SATOSHI ERA WHALE JUST SOLD ALL HIS BITCOIN AFTER 15 YEARS OF HODLING

THIS GUY DUMPED 11,000 $BTC WORTH $1.3 BILLION, PUSHING THE PRICE BY 2%

IS THIS THE START OF A MAJOR SELL-OFF?? pic.twitter.com/TgrRhGPPb4

— DANNY (@Danny_Crypton) November 16, 2025

In the short term, the local support is at around $90,000. On X, one analyst thinks the sell-off should slow down at around the $88,000 level. However, if there is a break below the $85,000 level, marking the support of the rising channel, the coin could fall off some more.

#Bitcoin idea and perspective 1W;

Price should start showing signs of recovery around $88k soon.

A strong weekly candlestick close below $85k = Clear invalidation of the bullish perspective (short-term). pic.twitter.com/PCvQIEHwsR

— PROFIT BLUE (@profit8lue) November 16, 2025

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Retailers Flow To ICP and Plasma XPL

While Bitcoin is printing discouraging lower lows that may as well drag the whole market with it, some altcoins are defying gravity.

ICP crypto, which powers the Internet Computer, is up 15% in the past 24 hours, cutting losses to around 11% in the previous week.

As ICP USDT reversed sharply without any clear fundamental catalyst, traders expect more gains.

Notably, the leg up is with rising volume, an indication that whales are likely involved.

On X, one projects ICP to reclaim $14, which is the 1.168 Fibonacci extension level based on the November 2025 range.

(Source: CW8900, X)

Meanwhile, Plasma XPL is also up 10% in the last trading day.

Although the XPL crypto is down 84% from its all-time highs, one analyst is convinced that Plasma has solid fundamentals and prices will recover in the typically bullish Q4.

XPL (Plasma): Twitter Noise vs On-Chain Data – What Do You Trust More?

I spent the last few hours analyzing $XPL, the Plasma blockchain token that launched 6 days ago (as of October 1, 2025).

This post isn't a bottom or top signal, or a buy or sell recommendation. It's a case… pic.twitter.com/KYJ51zQuGc

— Cryptor (@cryptorinweb3) October 1, 2025

Given its value proposition, TokenInsight, a trading data and quote platform, has given XPL a positive outlook.

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