Bitcoin fell below $82,000 on Friday, November 21, 2025, its lowest level since early 2025, and triggered liquidations close to $1.92 billion in crypto derivatives in the past 24 hours, according to data from CoinGlass.
The sudden sell-off, which wiped out more than 391,000 traders, is now the worst intraday decline since the 2022 crypto winter and is pushing the overall cryptocurrency market capitalization under $2.95 trillion, the lowest level in the last seven months.
The 10-Minute Plunge That Triggered $1.9 Billion in Forced Exits
The price decline saw Bitcoin drop 4.5% in under 10 minutes, falling from $85,000 to an intraday low of $81,792 across major exchanges. The drop liquidated $1.9 billion in positions over four hours, including $1.78 billion in long bets on price appreciation.
Bitcoin topped the table with $960 million in positions wiped out (93% longs), followed by Ethereum (ETH) with $401 million, as Solana (SOL) also contributed to the altcoin losses.
Over the past day, liquidations reached $1.92 billion, adding to a monthly decline of 23% for Bitcoin. The top 10 cryptocurrencies, excluding stablecoins, saw double-digit weekly losses.
The total crypto market capitalization lost $120 billion in a single day, falling as low as $2.95 trillion and wiping out all of Bitcoin’s 2025 gains from its October peak of nearly $126,198.
Open interest in Bitcoin perpetual futures has declined about 35% from October’s $94 billion peak, equivalent to roughly 8,500 BTC, valued at around $700 million. Traders have characterized what happened as a “vertical dive,” as liquidations reach new highs.
The Triggers Behind Bitcoin’s Sharpest Monthly Drop Since 2022
Analysts attributed the price dip to overleveraged positions, claiming it is different from October’s $19 billion liquidation, which is believed to be a result of spot selling during the United States and China tariff escalations.
As Maarten Regterschot from CryptoQuant explained, “The current drop is leverage-driven,” pointing to the 35% retreat in perpetual futures open interest from October highs.
Macroeconomic factors have also contributed to the price dip. The United States Federal Reserve rate-cut odds collapsed to 37.6% after a canceled PBI report, leading to panic selling and sentiment shock. U.S. spot Bitcoin exchange-traded funds recorded $903 million in net outflows on Thursday, the largest single-day figure on record.
On-chain data showed whales’ activities have also increased, divesting more than $20 billion in Bitcoin in recent weeks, further contributing to the bearish momentum. Concerns over fiscal policy changes, increasing credit default swaps, and questions about AI-driven stock valuations finally spilled into crypto, and the Crypto Fear & Greed Index fell to 11, its lowest level since late 2022, a sign of “extreme fear.”
Derek Lim, head of trading at Caladan, described the environment as “a very tricky situation in the short term,” noting a disconnect from signals like the end of quantitative easing and potential stimulus measures.
One whale investor’s profits fell by 93% to $4 million, leaving $37 million in unrealized losses across Bitcoin and Ethereum holdings. Another whale, the taiwanese influencer Jeff Huang, known as “Machi Big Brother,” saw September gains of $44.8 million drop to a $20 million deficit, including a $650,000 hit in the past 24 hours.
This article was originally published as $1.9 Billion Gone: Bitcoin Plunges Under $82,000 in Brutal Sell-Off on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
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1,9 Milyar Dolar Buharlaştı: Bitcoin Sert Satışta 82.000 Doların Altına Düştü
Bitcoin fell below $82,000 on Friday, November 21, 2025, its lowest level since early 2025, and triggered liquidations close to $1.92 billion in crypto derivatives in the past 24 hours, according to data from CoinGlass.
The sudden sell-off, which wiped out more than 391,000 traders, is now the worst intraday decline since the 2022 crypto winter and is pushing the overall cryptocurrency market capitalization under $2.95 trillion, the lowest level in the last seven months.
The 10-Minute Plunge That Triggered $1.9 Billion in Forced Exits
The price decline saw Bitcoin drop 4.5% in under 10 minutes, falling from $85,000 to an intraday low of $81,792 across major exchanges. The drop liquidated $1.9 billion in positions over four hours, including $1.78 billion in long bets on price appreciation.
Bitcoin topped the table with $960 million in positions wiped out (93% longs), followed by Ethereum (ETH) with $401 million, as Solana (SOL) also contributed to the altcoin losses.
Over the past day, liquidations reached $1.92 billion, adding to a monthly decline of 23% for Bitcoin. The top 10 cryptocurrencies, excluding stablecoins, saw double-digit weekly losses.
The total crypto market capitalization lost $120 billion in a single day, falling as low as $2.95 trillion and wiping out all of Bitcoin’s 2025 gains from its October peak of nearly $126,198.
Open interest in Bitcoin perpetual futures has declined about 35% from October’s $94 billion peak, equivalent to roughly 8,500 BTC, valued at around $700 million. Traders have characterized what happened as a “vertical dive,” as liquidations reach new highs.
The Triggers Behind Bitcoin’s Sharpest Monthly Drop Since 2022
Analysts attributed the price dip to overleveraged positions, claiming it is different from October’s $19 billion liquidation, which is believed to be a result of spot selling during the United States and China tariff escalations.
As Maarten Regterschot from CryptoQuant explained, “The current drop is leverage-driven,” pointing to the 35% retreat in perpetual futures open interest from October highs.
Macroeconomic factors have also contributed to the price dip. The United States Federal Reserve rate-cut odds collapsed to 37.6% after a canceled PBI report, leading to panic selling and sentiment shock. U.S. spot Bitcoin exchange-traded funds recorded $903 million in net outflows on Thursday, the largest single-day figure on record.
On-chain data showed whales’ activities have also increased, divesting more than $20 billion in Bitcoin in recent weeks, further contributing to the bearish momentum. Concerns over fiscal policy changes, increasing credit default swaps, and questions about AI-driven stock valuations finally spilled into crypto, and the Crypto Fear & Greed Index fell to 11, its lowest level since late 2022, a sign of “extreme fear.”
Derek Lim, head of trading at Caladan, described the environment as “a very tricky situation in the short term,” noting a disconnect from signals like the end of quantitative easing and potential stimulus measures.
One whale investor’s profits fell by 93% to $4 million, leaving $37 million in unrealized losses across Bitcoin and Ethereum holdings. Another whale, the taiwanese influencer Jeff Huang, known as “Machi Big Brother,” saw September gains of $44.8 million drop to a $20 million deficit, including a $650,000 hit in the past 24 hours.
This article was originally published as $1.9 Billion Gone: Bitcoin Plunges Under $82,000 in Brutal Sell-Off on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.