Ethereum News Today: Leverage and Rising Yields Trigger $300M Crypto Crash in One Hour

The cryptocurrency market experienced a dramatic selloff on November 21, 2025, with over $300 million in leveraged positions liquidated in a single hour, according to data from multiple exchanges. The event marked one of the most intense periods of forced trading closures since the October 10 crash, which saw $19 billion in liquidations. Bitcoin (BTC) and Ethereum (ETH) led the decline, with BTC dropping below $84,000 and ETH falling to $2,700, as macroeconomic uncertainty and leveraged trading strategies exacerbated selling pressure. The liquidations were concentrated in long positions, reflecting broader market weakness. Over $2.2 billion in leveraged bets were wiped out in the past 24 hours, with Bitcoin accounting for $1.13 billion of the losses. This surge in forced closures followed a week of sustained outflows from crypto ETFs, including $903 million in Bitcoin ETFs and $262 million in Ethereum ETFs on November 20, as reported by market analysis.