Bitcoin briefly dropped below $82,000 on Nov. 21, currently trading at $84,271 with a year-to-date decline of 9.88%, HTX market data show. Ethereum has declined 17.88% since the start of the year.

Address 0x926...8cc7a was liquidated on a Bitcoin long position of 256.98 BTC (approximately $20.86 million) at $81,191.3, on-chain analyst Ai Yi reports. The position, held for less than four days, resulted in a $5.23 million loss and ranked second on Hyperliquid's 24-hour loss leaderboard on Nov. 21. The address also holds a SOL long position with an unrealized loss of $870,000. The trader had previously maintained a 25-win streak before this liquidation.

An Aave whale address (0x94de...940a) was liquidated for $11.41 million during a Bitcoin price decline, PeckShield data show. The address held long positions in WBTC while borrowing USDT against the collateral.

The cryptocurrency market saw $960 million in total liquidations over one hour on Nov. 21, Coinglass data show. Long positions accounted for $952 million of the liquidations during the sharp decline.

Bitcoin entered extreme fear territory on Nov. 21, with market pessimism reaching levels rarely seen in the past decade, Matrixport said. Multiple indicators that issued warnings before October's decline have swung to opposite extremes, though key metrics show notable divergence from price action and macro pressures remain unresolved. The coming weeks will determine whether Bitcoin stabilizes or enters a deeper correction phase.

Bitcoin's critical support level sits at $82,045, analyst @ali_charts said in a UTXO Realized Price Distribution analysis on Nov. 21. The same methodology identified three key support levels for BNB at $853, $660, and $564. The URPD metric tracks the distribution of Bitcoin holdings based on their last movement prices to determine potential support zones.

A wallet identified as "stayawayfromridiculouslyprettygirls.eth" opened 3x leveraged long positions totaling over $13 million on Nov. 21, Lookonchain data show. The positions include 120.93 BTC valued at $10.4 million and 988.23 ETH valued at $2.78 million.

A whale address (0x5D2) holding a 20x Bitcoin short position opened on May 9 has adjusted its take-profit orders from the $89K-$91K range to $75K-$79K, with unrealized gains exceeding $31 million, HyperInsight data show. The address has withdrawn approximately $22.09 million in margin this month and transferred a total of $28 million to Binance wallets. The current position stands at approximately $106 million with an average entry price of $111,500, and the liquidation price decreased from $105,700 to $101,000 over the past week. This address now holds the largest BTC short position on Hyperliquid, after closing 40% of the position on Oct. 11 and realizing profits of approximately $5.17 million.

U.S. spot Bitcoin exchange-traded funds recorded a net outflow of $903.2 million on Nov. 20, Farside Investors data show. No Bitcoin ETFs registered inflows during the session. The outflow marked a notable shift in fund flows for the spot Bitcoin ETF market.