{"id":16351,"date":"2025-11-21T08:10:11","date_gmt":"2025-11-21T08:10:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-plunges-to-85k-in-long-squeeze-fallout-etf-outflows-is-the-worst-coming\/"},"modified":"2025-11-21T08:10:26","modified_gmt":"2025-11-21T08:10:26","slug":"bitcoin-price-plunges-to-85k-in-long-squeeze-fallout-etf-outflows-is-the-worst-coming","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-plunges-to-85k-in-long-squeeze-fallout-etf-outflows-is-the-worst-coming\/","title":{"rendered":"Bitcoin price plunges to $85k in long squeeze fallout, ETF outflows, is the worst coming?"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price tanked to a 7-month low of nearly $85,000 on Friday as investors holding long positions were caught off guard by a sharp selloff, while outflows from its spot ETFs continued to add pressure.<\/p>\n<div id=\"cn-block-summary-block_638ff67a9ace4e140bd04961b76681b4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price fell below $86,000 during Asian trading hours on Friday.<\/li>\n<li>Over $443 million in long liquidations across Bitcoin\u2019s Futures market and weak demand have added to the downside momentum.<\/li>\n<li>Analysts predict Bitcoin could continue its downtrend over the coming weeks.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Bitcoin (BTC) price dropped 7% to an intraday low of $85,400 on Nov. 21, down 11.6% over the past week and 32% below its all-time high of $126,080 reached in October.<\/p>\n<p>Investors\u2019 appetite for risk-on assets such as Bitcoin continued to wane due to the October flash crash, declining odds of a Fed announcement of a rate cut during the December meeting, and broader concerns across markets due to U.S. President Donald Trump\u2019s ongoing tariff drama.<\/p>\n<h1 class=\"wp-block-heading\">Why is Bitcoin price down today?<\/h1>\n<p>Bitcoin\u2019s price today was triggered by a wave of long liquidations in what appears to be a classic long squeeze case. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow\">data<\/a> from Coinglass, nearly $443 million worth of long positions were liquidated in the past 24 hours, compared to just $26 million in short positions.<\/p>\n<p>Bullish-leaning traders were likely caught off guard by the sudden price drop and were forced to close their positions as losses mounted.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>At the same time, investor sentiment toward Bitcoin has been further dampened by persistent outflows from the 12 U.S. spot Bitcoin ETFs.<\/p>\n<p>SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a> show these investment vehicles have logged $1.45 billion in net outflows so far this week, bringing the total net outflows for November to over $3 billion.\u00a0<\/p>\n<p>Roughly two months back, the situation was quite the opposite as these funds had recorded net inflows of nearly $7 billion. Traders have perceived this as a sign that Wall Street\u2019s confidence in the asset may be fading.<\/p>\n<p>The continued outflows and sharp price drop have stoked widespread fear among investors. At the time of writing, the Crypto Fear and Greed <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"nofollow\">Index<\/a> was at 14, indicating a state of extreme fear where it has remained for the past nine days.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price could drop below $80k<\/h2>\n<p>Analysts remain divided on where Bitcoin may be headed next. While some market watchers are <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/DeFiTracer\/status\/1991533856005194034\" target=\"_blank\" rel=\"nofollow\">convinced<\/a> that a local bottom may be in, others warn that the selloff may have further to go.<\/p>\n<p>According to Kadan Stadelmann, who serves as the chief technology officer at Komodo Platform, Bitcoin could still fall by another $10,000 in the short term before a recovery is in play.\u00a0<\/p>\n<p>\u201cIt is immensely likely that Bitcoin only declines another $10,000 approximately in the short-term, before rebounding above previous record highs, especially heading into the next halving in 2028,\u201d Stadelmann told crypto.news.<\/p>\n<p>Similarly, Georgii Verbitskii, founder of TYMIO, told crypto.news that the market may be entering a \u201cprolonged bearish period,\u201d and more downside may be on the horizon for Bitcoin.<\/p>\n<p>\u201cBitcoin looks very weak right now, and the price action we\u2019re seeing a slow, steady decline with small bounces is the worst type of chart structure. This kind of drift usually means the downtrend is likely to continue,\u201d\u00a0 Verbitskii said.<\/p>\n<p>\u201cGiven how the breakdown below $110K played out, the next meaningful support zone sits closer to $80\u201377K. That\u2019s where a real bottom becomes possible, but we\u2019re not there yet.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price tanked to a 7-month low of nearly $85,000 on Friday as investors holding long positions were caught off guard by a sharp selloff, while outflows from its spot&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16351"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16351\/revisions"}],"predecessor-version":[{"id":16352,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16351\/revisions\/16352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15714"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}