Bitcoin News Today: ETF Exodus Drags Bitcoin to 7-Month Low as Market Fears Intensify

Bitcoin's price plunged to $82,605 on November 21, 2025, marking a 4.53% drop for the day and extending its monthly loss to 23%, its worst since June 2022 according to reports. The crypto market's total value fell below $2.8 trillion as over $1.9 billion in long positions were liquidated within four hours, with an additional $2 billion in leveraged positions wiped out in the past 24 hours according to market data. This turmoil coincided with a record $3.79 billion in outflows from U.S.-listed spot Bitcoin and Ethereum ETFs in November, the largest monthly redemptions since the products debuted. BlackRock's iShares Bitcoin Trust (IBIT) alone accounted for $2.47 billion of these outflows, representing 63% of the total, while Fidelity's Wise Origin Bitcoin Fund (FBTC) saw $1.09 billion in redemptions according to analysis.

The selloff was exacerbated by weak U.S. macroeconomic data, fading hopes for Federal Reserve rate cuts, and DeFi exploits, which deepened market fear. Open interest in Bitcoin futures plummeted 35% from October's $94 billion peak, signaling reduced participation and institutional caution. Meanwhile, U.S. equities reversed earlier gains as investors grappled with stretched valuations and uncertain Fed policy.

Ethereum, Solana, and BNB all posted double-digit losses, with Ethereum ETFs recording $1.79 billion in outflows. In contrast, newer Solana and XRP ETFs attracted inflows of $300.46 million and $410 million, respectively, as investors sought alternative opportunities amid the downturn according to market data. Analysts warned of potential forced selling, particularly among large leveraged holders like MicroStrategy, whose stock fell 5%.

The collapse in ETF flows and price pressures have raised questions about Bitcoin's trajectory. Despite a pro-crypto U.S. administration and rising institutional adoption, Bitcoin has fallen over 30% from its October record high, pressured by the massive October 10 liquidation event. Simon Gerovich, CEO of Japanese Bitcoin treasury firm Metaplanet, noted that ETFs offer "static exposure" to Bitcoin, which may not offset broader market dynamics. Przemysław Kral of European exchange zondacrypto cautioned that thin weekend liquidity could amplify forced sales, presenting opportunities for long-term investors to accumulate at lower prices.

Bitcoin traded near $83,400 on Friday, its lowest level in seven months, as the ETF outflows continued to weigh on sentiment. Industry observers suggest the downturn may signal the start of a prolonged bearish phase, with Bitcoin potentially facing further tests near $75,000 according to market analysis.