NewsBTC
Nov 22, 2025
7 0

Crypto Market Plummets: $2 Billion Liquidated Amid Bitcoin Fall

Global crypto markets experienced a significant downturn, resulting in widespread sell-offs:

  • Bitcoin dropped below $83,000 and Ethereum fell under $2,800.
  • Approximately $2 billion in positions were liquidated, affecting investor confidence.
  • Over 390,000 accounts faced liquidation, with a notable BTCUSD order on Hyperliquid amounting to $37 million.
  • BTC long bets dominated the losses, erasing about $931 million within 24 hours.

Market Dynamics

  • Long position liquidations neared $1.78 billion; short liquidations were around $130 million.
  • A strong US jobs report led to $450 million in quick liquidations, influencing traders' risk management.

Options Expiry Impact

  • Over $4.2 billion in crypto options were set to expire, including 39,000 BTC options valued near $3.4 billion.
  • The put-call ratio for Bitcoin rose to 1.36, indicating increased hedging.
  • Ether options worth approximately $525 million also influenced market pressure.

Altcoin Effects

  • Solana decreased by 11% to $126, XRP fell over 8% to $1.91.
  • Other affected tokens included ASTER, HYPE, TNSR, DOGE, and ZEC.

Whale Losses

  • On-chain data revealed substantial losses among major holders.
  • ETH liquidations ranged from $3 million to $6.50 million.
  • An account known as "Anti-CZ Whale" saw profits drop significantly on Hyperliquid.