Posted on 11/21/2025 7:13:58 AM PST by Red Badger
As we joked earlier this week about the overnight Bitcoin dump – the “Korean Krypto Kamikazes“ – the selling has continued with no clear catalyst. The largest crypto asset briefly plunged to $81,569 and is now on track for its worst month since 2022.
BTC dropped as much as 6% early Friday to $81,569, while Ether and smaller tokens plunged into the abyss as risk-off sentiment hit both crypto and equity futures (market wrap). Bitcoin is now down roughly 25% for the month.
Nearly $1 billion in positions were liquidated during the overnight flush, stoking fears that the bear market could deepen. This forced selling comes despite a pro-crypto White House and rising institutional adoption.
Testing weekly 100sma
IG Australia analyst Tony Sycamore wrote in a note that the market “may also be seeking to test Strategy’s pain threshold,” referring to Michael Saylor’s Bitcoin hoarding firm.
A JPMorgan analyst pointed out to clients the potential exclusion of MSTR from upcoming MSCI and Nasdaq reviews.
Overall, the crypto market is certaintly gripped by forced selling, thin liquidity, and extreme fear – a market environment very similar to the last crypto meltdown in June 2022.
(Excerpt) Read more at americafirstreport.com ...
The ponzi is crashing, we need more suckers!!!!
LOL. Sure.
Why does bitcoin production require enormous amounts of power?
Do an internet search for “bitcoin mining”, you will find your answer.
“The title for my car is in my safe. My car is a tangible asset that I own. “
Oh, proof of ownership is a piece of paper. By your definition that makes it an intangible asset.
Your stocks are just recorded on an electronic ledger too. You can store your bitcoin offline, similar to a bearer bond.
But given a choice between bitcoin and stocks, I'd want stocks. At least there's a company that can be analyzed and owes me shares as long as its solvent. A lot of companies made it through the depression.
Bitcoin is investing in vapor, that relies on technology, a healthy grid and a collective belief system. Any of those factors disappearing would be a disaster.
That's not to say that many bitcoin investors haven't made out very well. More power to them. I think a lot of the selling may be some people needing the money and just cashing out.
Collective belief, as opposed to whatever props up the dollar?
Won’t argue with you there.
And stocks are due for a correction too.
Due? We’re in it!
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