Bitcoin Updates: Institutions Pull Out and $2 Billion Wiped Out—Is This a Crypto Catastrophe or a Strategic Market Reset?

Bitget App

Trade smarter

Bitget-RWA2025/11/21 19:22

By:Bitget-RWA

- Bitcoin ETFs face $3.79B outflows in November, triggering a $2B liquidation crisis as prices drop 9% below $84K. - Institutional profit-taking, fading Fed rate-cut hopes, and $4.2B options expiry amplify crypto market fragility. - $120B daily market loss highlights sector vulnerability amid regulatory scrutiny and geopolitical risks under Trump. - Analysts warn ETF outflows, stalled listings, and leveraged trading pressures pose ongoing rebound risks.

The cryptocurrency market is experiencing significant instability as

Bitcoin

ETFs see billions withdrawn, sparking a rapid decline that has erased almost $2 billion in leveraged trades and brought the total market value below $3 trillion.

U.S. spot Bitcoin ETFs posted $903 million

in net redemptions on November 20—the second-highest since their debut in January 2024—while

Ethereum

ETFs faced an extra $262 million in outflows, marking eight straight days of withdrawals. BlackRock’s

iShares Bitcoin Trust

(IBIT) led the withdrawals with $355.5 million leaving,

with Grayscale's GBTC

following at $199.35 million. Total November outflows for Bitcoin ETFs have now surpassed $3.79 billion,

setting a new record

Bitcoin’s value plunged more than 9% within a day,

falling to $83,884

as of November 21, while Ethereum dipped below $2,800 and

Solana

tumbled 12% to $126.52.

The downturn led to a wave of forced liquidations

: According to CoinGlass, $1.91 billion in positions were closed, with $1.78 billion from longs and $129.3 million from shorts.

The largest individual liquidation

was a $36.78 million BTCUSD trade on Hyperliquid, highlighting the severity of the selloff. Experts point to a mix of institutional profit-taking, diminished hopes for Federal Reserve rate cuts, and pressure from leveraged trading as causes for the chaos.

Bitcoin Updates: Institutions Pull Out and $2 Billion Wiped Out—Is This a Crypto Catastrophe or a Strategic Market Reset? image 0

Market vulnerability was further exposed by a $4.2 billion crypto options expiration on November 21, with

Bitcoin’s max pain point

at $98,000—well above its current $83,000 price. Ethereum’s open interest also faced downward pressure, with its max pain at $3,200. At the same time,

the wider crypto market shed $120 billion

in value in just one day, marking its worst day since the 2022 crash.

Even amid the steep losses,

some investors see potential

. “For some, this may be an opportunity to buy at lower prices,” Kral commented. Still, analysts warn against hasty purchases during the downturn.

10x Research pointed to continued ETF outflows

, halted new listings, and changing Wall Street dynamics as obstacles to a recovery. This selloff comes after a $19 billion liquidation event in October and

a 23% monthly decline for Bitcoin

, its steepest drop since 2022.

As volatility persists, the U.S. crypto sector remains fraught with uncertainty. While pro-crypto initiatives under President Donald Trump have gained industry backing,

probes into Bitcoin mining equipment maker Bitmain

and unclear regulations highlight ongoing geopolitical risks. For now, traders are preparing for more instability as leveraged bets and macroeconomic challenges continue to test the market’s strength after its recent crash.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Bitcoin Hyper ($HYPER) raises $28.1M via presale, using SVM and ZK proofs to scale Bitcoin transactions while maintaining security. - Bitcoin's 7 TPS limit sidelines DeFi activity to Ethereum/Solana, prompting modular Layer-2 solutions to bridge throughput gaps. - CME CF Bitcoin Volatility Indices track real-time risk metrics as BTC dips below $90K, aiding institutional hedging strategies. - Proposed Bitcoin for America Act seeks to integrate BTC into tax settlements, potentially creating $14T in strateg

Bitget-RWA•2025/11/21 19:44

Bitcoin News Today: The Scaling Challenge for Bitcoin: Is $HYPER the Key to DeFi’s Next Chapter?

Ethereum Updates Today: BitMine's Dividend Strategy: Will DATs Endure the Extended Crypto Slump?

- BitMine, Ethereum's largest corporate holder, announced a dividend plan and a 2026 staking initiative amid $4B in ETH losses and a 0.73 mNAV ratio. - The firm's 49.8% stock plunge outpaced Ethereum's 27.4% drop, reflecting broader DAT sector struggles with mNAV ratios below 1 and opaque business models. - Competitors like Sharplink Gaming and Capriole Investments also face significant losses, with experts warning of "Hotel California" risks for DAT investors. - Despite accumulating 63,114 ETH at $4,009 e

Bitget-RWA•2025/11/21 19:44

Ethereum Updates Today: BitMine's Dividend Strategy: Will DATs Endure the Extended Crypto Slump?

UK's aspirations for blockchain technology are challenged by an international race against the clock

- AFME urges UK to lead blockchain-based capital markets, citing DLT's potential to boost transparency and efficiency. - Blockchain could reduce settlement times and counterparty risk but requires regulatory alignment and cross-border interoperability. - Recent spoofing lawsuits highlight market vulnerabilities, with blockchain advocates proposing immutable records as a solution. - UK faces competition from EU, Singapore, and Asia as AFME warns delays risk losing leadership in financial innovation.

Bitget-RWA•2025/11/21 19:44

UK's aspirations for blockchain technology are challenged by an international race against the clock

XRP News Today: Crypto Faces 'Hotel California' Dilemma While ETFs See $3.8B Outflow

- Ethereum fell below $2,750 as crypto markets faced record ETF outflows and macroeconomic uncertainty, mirroring Bitcoin's 6.4% drop to $81,629. - U.S. spot Bitcoin ETFs lost $3.79B in November, with BlackRock's IBIT alone shedding $2B, signaling shifting institutional risk appetite ahead of Fed policy decisions. - XRP and Solana ETFs attracted $411M in inflows despite weak derivatives markets, while Ethereum's technical indicators (RSI 23, bearish EMAs) suggest continued downward pressure. - BitMine face

Bitget-RWA•2025/11/21 19:44