Bitcoin Price Crash to $89K, Last Chance to Buy Under $90K, Says Gemini Co-Founder

The Bitcoin price crash has continued as the token fell below $90,000 in Tuesday’s early hours. However, according to Gemini Co-Founder Cameron Winklevoss, this could be the last time the coin would sell this low before a potential recovery.

Cameron Winklevoss Doubles Down Amid Bitcoin Price Crash

In light of the Bitcoin price crash, Gemini co-founder Cameron Winklevoss took to X to say that this might be the last opportunity to buy BTC at $90k. This suggests a bullish stance..

Winklevoss believes that the recent drop in the coin’s price is temporary. Bitcoin has fallen to about $89,420, its lowest point since February. This is a nearly 30% drop from its all-time high of around $126,000 just six weeks ago. Other long-term supporters of BTC share his view and think this downturn won’t last.

For example, Rich Dad Poor Dad author Robert Kiyosaki said he remained committed to the coin. He claimed he won’t be selling any and will continue buying more during the downturn.

The recent Bitcoin price crash has now wiped out all gains made earlier in 2025. This decline started in early October. It has seen over $19 billion in liquidations and wiped out more than $1 trillion in total crypto market value.

The selloff has hit retail investors especially hard. On Nov. 14, wallets associated with small Bitcoin holders sold over 148,000 BTC at a loss, according to CryptoQuant. The biggest dumps occurred after the crypto fell below the $100,000 mark. This led to panic among those holding coins near the valuation of $102,000–$107,000.

“Retail is clearly shaken,” said one analyst. “The move below realized price bands has flushed out a lot of weak hands.”

Bitcoin Continues Downtrend Amid Fears Over Federal Reserve

Hopes for a December Federal Reserve rate cut are slowly fading. Data shows that the chance of a rate cut has dropped below 50%. This could put more pressure on Bitcoin as inflation and a strong dollar continue.

The decline could start affecting crypto treasuries. Analysts warn that if prices drop further, forced selling may happen. However, despite the Bitcoin price crash, Strategy still bought BTC yesterday.

Notably, Dan Tapiero, the founder of 50T Holdings, said that some of the money that went into BTC is now being shifted to stablecoins and tokenized asset products. Meanwhile, Vincent Liu of Kronos Research maintains that Bitcoin is still the digital gold despite current dips.