Bitcoin's price has fallen below $85,000 as of November 21, 2025, a decline primarily influenced by long-term holders selling their positions and deteriorating market conditions. This downturn is largely attributed to macroeconomic uncertainty and persistent liquidity issues affecting global financial markets.
The slump in Bitcoin's price has had a cascading effect across broader cryptocurrency markets, leading to significant declines in altcoins and crypto-related equities. Traders are increasingly anticipating continued bearish trends as financial conditions tighten globally.
Bitcoin Price Drops Below $85,500 Amidst Sell Pressures
Bitcoin has fallen below the $85,500 mark, representing a notable price decline. This drop is largely attributed to sell pressures originating from long-term holders, coupled with a weakening market structure. Market strategists and analysts consistently emphasize the strong correlation between cryptocurrency trends and overarching macroeconomic factors. The current pricing event, marked by significant sell-offs, reflects these broader macro-driven concerns, with long-term holders playing a significant role in this trend.
7% Bitcoin Drop Impacts Ethereum and Crypto Equities
Analysts have observed a significant 7% drop in Bitcoin's price over a 24-hour period, which has consequently affected related assets such as Ethereum and crypto equities. On-chain data indicates substantial amounts of Bitcoin being transferred to exchanges, a common signal of capitulation among investors.
Market update: Bitcoin price has fallen below $85,000. Long-term holders are selling, and market conditions are deteriorating due to macroeconomic uncertainty and liquidity issues. This is impacting altcoins and crypto equities. Stay informed.
November 21, 2025
While institutional liquidation is not overtly evident, deteriorating liquidity conditions and macroeconomic uncertainty continue to be significant factors. Historical data reveals that similar patterns of aged wallets impacting prices have occurred in the past. Derivatives traders are notably shifting towards a more bearish sentiment in response to these market movements.
Current Decline Resembles 2017 Market Correction
The current steep decline in Bitcoin's price is drawing comparisons to the market correction experienced in 2017. Historical analysis of wallet movements shows similarities to patterns that have marked previous local bottoms in the market. These current trends mirror past major corrections, impacting not only Bitcoin but also altcoin prices.
An expert from Kanalcoin has highlighted the critical importance of on-chain data in understanding current market dynamics, emphasizing the prevalence of bearish trends. Historical analysis provides valuable context that can inform potential market recovery patterns.
Paul Howard, Senior Director, Wincent, stated: "Crypto is closely linked to macro-economics now more than anytime in the past. My sense is with just six weeks left, we’ve seen the all-time highs for 2025. From here, we likely get a steady ascension over the course of the coming year — volatility acknowledged."