Bitcoin News Update: "2025 Downturn Triggers Crypto Outflow: Savvy Investors Focus on Practical Use, Move Away from Hype"

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Bitget-RWA2025/11/21 18:12

By:Bitget-RWA

- Bitcoin fell below its 50-week moving average on Nov 21, 2025, confirming a bear market with a 23% monthly loss and $2B in liquidations. - Crypto market cap dropped below $2.8T in 24 hours as Bitcoin ETFs saw $903M outflows and open interest fell 35% from October peaks. - Institutional investors shifted toward utility-driven projects like Digitap ($TAP), which raised $2M via presale with 124% APR staking rewards. - Digitap's hybrid crypto-fiat model combines blockchain with SWIFT/SEPA, targeting $250T pa

According to on-chain data and institutional sentiment gauges, Bitcoin’s fall beneath its 50-week moving average—a significant technical indicator—has confirmed the onset of a fresh bear market. The price of

BTC

dropped to $82,605 on November 21, 2025, representing a 4.53% decline for the day and a 23% decrease over the month,

the steepest monthly drop since June 2022

. The intensity of the selloff was highlighted by massive liquidations,

with more than $2 billion in leveraged positions erased in just one week

. The overall cryptocurrency market capitalization fell below $2.8 trillion, wiping out $120 billion in a single day.

Broader economic headwinds have intensified the negative momentum,

such as diminishing expectations for Federal Reserve rate reductions

and disappointing jobs data. Open interest in

Bitcoin

futures has

fallen 35% from October’s $94 billion high

, while Bitcoin ETFs listed in the U.S.

saw $903 million withdrawn

—the second-largest outflow since their inception.

“Bitcoin appears headed for $75,000 unless macroeconomic factors change abruptly,” analysts at VanEck observed

, noting that mid-cycle holders have played a significant role in the recent selling pressure.

Despite the recent volatility, blockchain data shows a split between retail and institutional actions.

Individual traders have largely exited

, with short-term investors selling heavily amid heightened fear. In contrast, miners and long-term holders have largely held their ground.

Analysis from Santiment indicates

that markets often move contrary to retail sentiment, suggesting a possible recovery if the selling persists. Still, the Fear and Greed Index

dropped to a yearly low of 15 out of 100

, and past trends following U.S. government shutdowns provide little cause for optimism.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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