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November 2025 Bitcoin Falls Below $82K: What just happened

November 2025 Bitcoin Falls Below $82K, with intraday lows near $81,600–$81,700 as selling accelerated. Reuters and MarketWatch recorded fresh multi-month lows during the session, with losses nearing 11% in 24 hours ^[1]. CoinDesk likewise flagged a brief dip to $81,600 before a modest bounce.

Here’s the twist: the bitcoin price November 2025 slide hit while broader risk assets also wobbled. Consequently, BTC tested levels last seen in April, underscoring how fast momentum flipped ^[2].

Timeline: From October ATH to Nov. 21 lows

The selloff followed a powerful run to an all-time high above $126,000 in early October, according to available reports ^[3]. But volatility returned hard. On Nov. 18, Bitcoin briefly fell below $90,000 before rebounding near $93,600 ^[4].

Then the floor seemed to give way. By Nov. 21, price action knifed into the mid-$81k zone, amplifying the bitcoin price November 2025 drawdown ^[1].

Derivatives shakeout: $1.7–$2B in liquidations

What no one is mentioning: leverage did the heavy lifting. CoinDesk and TASS reported crypto liquidations 2 billion over 24 hours, impacting roughly 392,000–396,000 traders. The single largest wipeout was a $36.7 million BTC position on Hyperliquid, per CoinDesk ^[2].

Because forced selling begets more selling, the cascade deepened. As a result, crypto liquidations 2 billion became the day’s headline deleveraging stat ^[2].

Market-wide pressure: $1.2T erased in six weeks

You might be surprised that the crypto market cap wiped 1.2 trillion over roughly six weeks into Nov. 21. Reuters and the Financial Times tallied that drawdown as traders shunned speculative risk ^[4].

Moreover, the rout erased a big chunk of 2025’s gains for many tokens. Therefore, the crypto market cap wiped 1.2 trillion set the macro backdrop for the latest leg lower ^[5].

Altcoins slide: Ether at a four-month low

Altcoins didn’t catch a break. Reuters noted Ether dropped more than 6% to about $2,661, marking an ethereum four-month low 2661. MarketWatch also flagged a similar decline on the day ^[6].

Traders watched majors move in lockstep with BTC. Accordingly, “ethereum four-month low 2661” became a key marker for risk appetite ^[1].

Drawdown check: 30%+ below October peak

By Nov. 21, Bitcoin sat bitcoin 30% below October high, highlighting the depth of this reset. MarketWatch put losses at more than 31% from the early-October record of $126,272.

The timeline backs it up: red candles stacked fast across three months. Reuters noted BTC was down about 23% over that period, keeping it bitcoin 30% below October high heading into late November ^[3].

November 2025 Bitcoin Price Drop: What’s next

Here’s the twist: sometimes, forced deleveraging clears the pipes. With November 2025 Bitcoin Falls Below $82K and liquidations peaking, markets will watch whether open interest and funding normalize ^[2]. If they do, price can stabilize. If not, another sweep is possible.

Focus points now: liquidity near the mid-$80k band, reaction around $85k, and whether demand returns on dips. Also, monitor majors: after “ethereum four-month low 2661,” a firm ETH rebound could signal improving breadth ^[1]. Meanwhile, the macro tide matters. With the crypto market cap wiped 1.2 trillion in six weeks, sentiment will likely stay fragile until data calms nerves ^[4].

Zooming out, November 2025 Bitcoin Falls Below $82K sits against a larger arc. The bitcoin price November 2025 slump arrived after an exuberant October, leaving BTC bitcoin 30% below October high even after small bounces ^[5]. Thus, the path forward likely hinges on whether leverage is rebuilt cautiously or whether another round of crypto liquidations 2 billion headlines keeps traders defensive.