Strategy has reaffirmed its long-term Bitcoin strategy despite a sharp market correction. The firm holds 649,870 BTC purchased at an average of $74,430, maintaining roughly 16% profitability even as Bitcoin fell nearly 9% over the past week. The company's chairman restated the firm's commitment to its holdings, while MSTR stock declined toward the $170 level.

U.S. spot Bitcoin exchange-traded funds recorded outflows nearing $1.2 billion over the past week as Bitcoin declined to $82,000—a 33% drop from its early-October high above $126,000. November withdrawals are approaching $3.8 billion, nearing the worst monthly performance since these products launched nearly two years ago. The selling pressure coincides with reduced Federal Reserve rate-cut expectations and concerns over global economic stability.

Short-term Bitcoin holders are experiencing unprecedented unrealized losses, with approximately 99% of recently acquired coins trading below purchase price. The Fear & Greed Index has fallen to its lowest level in Bitcoin's history, below readings during the FTX collapse and COVID-19 crash. Institutional selling on Coinbase has reached record volumes, according to Capriole Investments founder Charles Edwards.

Grayscale Investments will launch two cryptocurrency exchange-traded funds on Monday. The Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) will begin trading on NYSE Arca. The products mark the first regulated spot exposure to these digital assets available to U.S. investors through public markets.

Grayscale will begin trading spot exchange-traded funds for Dogecoin and XRP on the New York Stock Exchange on November 24, according to a regulatory filing with the U.S. Securities and Exchange Commission. The dual launch allows investors to gain DOGE and XRP exposure through regulated brokerage accounts without managing digital wallets or private keys. Derivatives markets have shown increased positioning activity as traders anticipate the debut.

Bitcoin dropped below $82,000 after two months of selling pressure, prompting divergent analyst forecasts. BitMEX co-founder Arthur Hayes says the correction is nearing completion but advises waiting for U.S. equity markets to decline before entering positions. Macro analyst Raoul Pal characterizes the selloff as a typical mid-cycle correction, while veteran trader Peter Brandt projects a further decline to $58,000 before a multi-year recovery.

Bitcoin fell below $86,000 to its lowest level in seven months, sparking debate among market analysts over the timing of the next major rally. Some forecasters maintain a $200,000 target could materialize in 2025, while others project the next parabolic move won't occur until 2029. The disagreement centers on cycle duration rather than long-term direction.

Bitcoin dropped below $85,000 on March 25, 2025, driving the Fear and Greed Index under 10 and triggering widespread concern. Analysts note that institutional holdings and strategic buying by long-term investors may limit further declines. On-chain data shows a redistribution from short-term sellers to conviction-driven holders during the downturn.

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.