Bitcoin News Update: Bitcoin's Drop Intensifies as Major Holder's Deposit Unable to Halt Crypto Market Downturn
- Bitcoin plunged 4.53% on Nov 21 as a 665.9 BTC whale deposit into Binance failed to halt a $120B crypto market crash. - Prices fell to $81,629 amid weak U.S. jobs data, fading macro optimism, and $3.9B in leveraged position liquidations across 24 hours. - Bitcoin ETFs saw $903M outflows while perpetual futures open interest dropped 35%, signaling institutional retreat from crypto. - Analysts warn of forced selling from leveraged holders like MicroStrategy as Bitcoin's $75K support level appears increasin
Bitcoin experienced heightened turbulence on November 21, after a major investor transferred 665.9 BTC—worth $55.18 million—to Binance, coinciding with a widespread downturn in the cryptocurrency market. This transaction, among the largest single-day deposits to the exchange in recent months, took place as
The sell-off intensified following disappointing U.S. jobs data, which dampened hopes for Federal Reserve rate reductions and added to concerns already fueled by weakening macroeconomic sentiment and a series of DeFi security breaches.
Institutional players also seem to be pulling back.
Although the whale’s deposit into Binance is notable, it has not been enough to halt the downward momentum. The 665.9 BTC inflow to Binance—amounting to 0.03% of all Bitcoin in circulation—comes as more traders move their assets to safer havens. “The market is facing a convergence of economic uncertainty, increased regulatory oversight, and technical fatigue,” one analyst commented,
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.
You may also like
ECB Cautions That Fluctuations in Tech and Crypto May Trigger a Market Crash Similar to 2000
- ECB warns U.S. tech and crypto volatility risks triggering a 2000-style market crash, citing sharp asset corrections and AI-driven valuation fragility. - ECB officials stress central banks must retain rate-cut flexibility amid rising risks, as crypto outflows and equity inflows highlight market divergence. - JPMorgan analysis flags crypto panic-selling risks spilling into broader systems, while MSCI warns a 63% sector collapse could follow AI confidence loss. - ECB and BIS caution stablecoin growth threa
Bitcoin Updates Today: Leverage and ETF Withdrawals Drive the "Major Crypto Collapse of 2025"
- Bitcoin plunged to $80,600 in November 2025, marking its worst monthly drop since 2022, with $1.2T in market value lost. - The "Great Crypto Crash" was driven by ETF outflows, leveraged liquidations, and global risk aversion, dragging Ethereum and altcoins to multi-month lows. - Structural factors like $19B in October leveraged losses and $3.8B ETF outflows amplified the downturn, while macro risks like Fed policy uncertainty worsened sentiment. - Analysts remain divided: some see institutional BTC hoard
Bitcoin News Today: Bitcoin Index Face-Off: Saylor Challenges Convention, Ignites Market Fluctuations
Solana's Latest Rally and Price Forecast Driver: Blockchain Integration and Endorsement by Institutions
- Solana (SOL) sees $12.1B TVL in Q3 2025, driven by DeFi growth and institutional adoption despite mid-November volatility. - Institutional validation grows via ETFs (Bitwise, Grayscale) and partnerships like Western Union's remittance pilot leveraging Solana's speed. - Price analysis shows $178 support holding, with $190-$195 resistance targets as DeFi TVL growth and staking yields (6.82%) attract capital. - Validator efficiency improvements and real-world use cases position Solana as a scalable blockcha
Trending news
MoreCrypto prices
More
