Billions in crypto liquidated as bitcoin crashes to $82,000
The post Billions in crypto liquidated as bitcoin crashes to $82,000 appeared on BitcoinEthereumNews.com.
Bitcoin’s (BTC) price has dipped below $82,000 today while the wider crypto market has liquidated almost $2 billion of funds, causing some to speculate that crypto winter is finally here. The asset has been on a downward trend since its all-time high of $126,000 last month, shedding over 34% from its price, or $835 billion from its market cap. It’s now round-tripped to its previous price point across March and April this year, and 24-hour BTC liquidations alone have just crossed $1 billion, according to Coinglass. This represents the worst price action BTC has suffered in a single month since June 2022 when Do Kwon’s Terra/Luna crashed. This is one of the fastest moving crypto bear markets ever: On October 6th, crypto hit a record $4.27 trillion in market cap. Today, crypto’s total market cap is back below $3 trillion. That’s -$1.3 trillion in 45 days. pic.twitter.com/y0REVRtuZU — The Kobeissi Letter (@KobeissiLetter) November 20, 2025 Read more: Norway’s sovereign wealth fund has lost over $200M in MSTR The Bitcoin Fear and Greed Index is also displaying “extreme fear,” which is typical during a market crash, and concerns are already being raised that the market is entering a crypto winter/bear market. Michael Saylor, CEO of the world’s largest BTC treasury holder, Strategy, has said, “They’ll say we got lucky” amid BTC’s price drop. He’s also posted various AI-generated images of himself encouraging Bitcoiners not to sell. One particular image that didn’t resonate well with users showed him escaping a burning ship in the middle of the ocean. Indeed, many noted that Saylor is the one abandoning ship. Read more: Bitcoin treasury Nakamoto down 98% — still pays David Bailey lavishly Strategy holds almost 650,000 BTC that’s still in the green with an unrealised profit of $5 billion. The price of its…
Filed under: News - @ November 21, 2025 2:27 pm