Bitcoin dropped to $82,000, its lowest level since April, triggering nearly $2 billion in liquidations across the cryptocurrency market within 24 hours. The sharp decline affected more than 400,000 positions, with long positions accounting for $1.82 billion of the liquidated value. High-profile traders including Andrew Tate and the 'Anti-CZ whale' faced significant losses during the downturn.

Bitcoin dropped below $82,000 in one of its sharpest recent corrections, according to CryptoQuant. The Fear & Greed Index fell to 11, indicating Extreme Fear, while Short-Term Holder whales recorded $21.5 billion in unrealized losses. A new trading range is forming between $70,000 and $90,000 as the market seeks stability.

Bitcoin dropped 23% in November, recording its steepest monthly decline since June 2022. Placeholder partner Chris Burniske said the selling phase has just begun. Alliance DAO co-founder QwQiao projected markets require another 50% drop before stabilizing.

Bitcoin's current downturn may stabilize around $83,000, where significant liquidation activity has accumulated over several months. If this level fails to hold, analysts point to $78,000 and $75,000 as subsequent support targets based on leveraged position clustering.

Tokyo-listed Metaplanet approved a $135 million perpetual preferred share offering on November 20 to fund Bitcoin acquisitions. The Class B shares carry a 4.9% annual dividend and a ¥1,000 conversion price. Strategy founder Michael Saylor stated his firm can withstand an 80%–90% Bitcoin drawdown while maintaining 1.15 times leverage with 4.5-year debt maturity.

Bitcoin dropped below $82,000 on Binance during early European trading Friday, trading near $84,000 at press time. The decline triggered extensive liquidations totaling $2 billion across exchanges over 24 hours, according to Coinglass. Long positions approaching $1 billion were liquidated within a single hour as selling pressure accelerated.

Bitcoin dropped below $84,000 on November 21, 2025, triggering approximately $962 million in liquidations within a single hour, market data show. The cryptocurrency traded around $83,900, down more than 33% from its October all-time high of $126,223. U.S. Bitcoin ETFs recorded $903.2 million in net outflows on November 20, intensifying selling pressure.

U.S. Bitcoin spot ETFs recorded net outflows of $903 million on November 20, 2025, marking the second-largest single-day withdrawal since their January 2024 launch. Ethereum ETFs posted $262 million in outflows the same day, extending their losing streak to eight consecutive sessions. The outflows come as institutional investors take profits and adopt risk-off positioning ahead of year-end, according to market analysts.