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1Bitget Daily Digest (Nov 21) | U.S. September Nonfarm Payrolls Unexpectedly Increase by 119,000; BTC Falls Below $86,000, Crypto Market Sees $834M in Liquidations; OpenAI Launches ChatGPT Group Chat Feature Globally2Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone3Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
Has the bear market really arrived?
Bitpush·2025/11/05 19:06
Bitcoin falls below the key $100,000 support level—where is the market bottom?
Bitpush·2025/11/05 19:06
A whale's trading record: from a profit of 25 million to a loss of 30 million
Bitpush·2025/11/05 19:06
Digital Asset Treasuries Are Collapsing: Lost Confidence Triggers Market Sell-Off
The market premium for DAT firms has vanished, with mNAV ratios nearing 1.0. Analysts attribute the recent crypto slump partly to mass liquidation by these corporate treasury groups.
BeInCrypto·2025/11/05 18:15
Bitcoin ‘bear market’ confirmed: Watch these BTC price levels next
Cointelegraph·2025/11/05 17:15
Bitcoin price rebound stops at $103K with 30% of BTC supply 'underwater'
Cointelegraph·2025/11/05 17:15
Ethereum erases its 2025 gains: Is ETH price headed to $2.2K next?
Cointelegraph·2025/11/05 17:15
Is dropping below $100,000 just the beginning? Bitcoin "whales" have dumped $4.5 billions in one month, and the sell-off may continue until next spring
This wave of sell-offs may continue until next spring, and bitcoin could further drop to 85,000 dollars.
ForesightNews·2025/11/05 16:42
Galaxy Research Report: What Is Driving the Surge in Zcash, the Doomsday Vehicle?
Regardless of whether ZEC's strong price momentum can be sustained, this market rotation has already succeeded in forcing the market to reassess the value of privacy.
BlockBeats·2025/11/05 16:04
Flash
- 13:34Analysis: Bitcoin plunges into danger zone, options factors intensify market volatilityChainCatcher News, according to Bloomberg, bitcoin has plummeted, putting the market in a dangerous situation. Option-based sell-offs have further intensified volatility. Bitcoin has fallen by about 25% so far this month. This decline is mainly driven by spot selling, including outflows from major exchange-traded funds (ETFs), sales of long-dormant wallet assets, and a decrease in demand from momentum investors, among other factors. On the other hand, option trading positions have also amplified price fluctuations. When bitcoin falls below certain price levels, traders need to adjust their hedges to maintain neutral positions. This process, known as "Gamma exposure," further magnifies price volatility. One key level is $85,000, which was breached on the 21st. There is concentrated demand for put options near this strike price, forcing market makers to hedge large exposures. In such situations, traders are usually in a "short Gamma" state and will further sell bitcoin to maintain balance, thereby accelerating the decline.
- 13:22This week, US spot bitcoin ETFs saw a net outflow of $1.2168 billion, with IBIT accounting for over $1 billion in outflows.BlockBeats News, November 22, according to monitoring by farside, this week the net outflow from US spot Bitcoin ETFs reached $1.2168 billion, including: · IBIT net outflow of $1.0857 billion; · FBTC net outflow of $115.8 million; · BITB net outflow of $7.9 million; · ARKB net outflow of $85 million; · BTCO net inflow of $35.8 million; · EZBC net inflow of $3.3 million; · HODL net outflow of $63.2 million; · GBTC net outflow of $172.4 million; · Grayscale BTC net inflow of $274.1 million.
- 12:55Bloomberg: Wall Street Faces Stress Test as Bitcoin FallsChainCatcher news, according to Bloomberg, the cryptocurrency market has experienced a rapid and unexpectedly large-scale brutal sell-off in recent weeks. Friday's decline pushed the price of bitcoin close to $80,500, marking its worst monthly performance since 2022. Bitcoin's total market capitalization has evaporated by about $500 billions, and other altcoin markets have also suffered heavy losses. Although the price of bitcoin remains above the level it was at when Trump won the presidential election, its rally during Trump's first year in office has largely faded. This month, investors have withdrawn billions of dollars from 12 bitcoin-related ETFs. Digital Asset Reserve Companies (DATs), inspired by Michael Saylor's Strategy Inc., are also facing even steeper outflows. Fadi Aboualfa, Head of Research at Copper Technologies Ltd., stated that institutional investors do not have a "HODLing" mentality; they rebalance their portfolios when the market declines. This crash lacked the previous systemic pressures and obvious scandal events. Cantor Fitzgerald & Co. analysts Brett Knoblauch and Gareth Gacetta believe that most of the decline can be attributed to the flash crash on October 10, an event that may have had a greater impact on the balance sheets of many large participants than initially expected, forcing them to sell. The flash crash on October 10 liquidated $19 billions in crypto bets within a few hours, exposing issues of insufficient weekend trading liquidity and excessive leverage accumulation on some exchanges. Liquidity in the crypto market remains very low, and market makers weakened by the crash are struggling to step in and support prices. According to Coinglass data, about $1.6 billions in bets were liquidated on Friday. The crypto market is acting as a proxy for rapid risk appetite and is interacting with the volatile trading of tech stocks. Adam Morgan McCarthy, Senior Research Analyst at blockchain data company Kaiko, pointed out that medical device companies or cancer research companies rebranding themselves as "cryptocurrency reserve companies" is a signal of the market cycle. According to CoinMarketCap data, the Fear and Greed index, which measures crypto market sentiment, fell to 11 out of 100 on Friday, entering the "extreme fear" zone.