Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Rebounds, Surges Above $85,000, 24-hour Loss Narrows to 7.1%

On November 21st, according to HTX market data, Bitcoin rebounded and rose above $85,000. The 24-hour loss was narrowed to 7.1%.

Bitcoin Surges Past $84,000

On November 21, according to HTX market data, Bitcoin experienced a rebound and surpassed $84,000. The 24-hour price decline narrowed to 8.3%.

The United States Launches Security Investigation into Bitcoin Mining Giant Bitmain

On November 21st, Operation Red Sunset, which was led by the U.S. Department of Homeland Security, looked into whether Bitmain's mining equipment could be employed for espionage or to cause disruptions to the U.S. power grid. Bitmain refuted that its devices possess any remote control capabilities and claimed that it was completely ignorant of the investigation, deeming the accusations "utterly untrue."

Bitcoin jumped 3.5% in the past 15 minutes, surging above $83,000

On November 21, based on HTX market data, Bitcoin continued to rebound and surged past $83,000. It is currently trading at $83,445, with a rapid 3.5% rebound in the past 15 minutes.

Bitcoin Surges Above $82,000, Ethereum Reaches $2,700

On November 21st, according to HTX market data, Bitcoin has seen a rebound and exceeded $82,000. Meanwhile, Ethereum has risen to $2,700.

Bitcoin Drops Below $81,000, 24-hour Loss Extends to 11.7%

On November 21st, according to HTX market data, Bitcoin dropped below $81,000, and the 24-hour decline widened to 11.7%.

Bitcoin Global Asset Market Cap Falls to Tenth Place

On November 21st, based on 8MarketCap data, Bitcoin has descended to the tenth position in the global asset market cap ranking and is now behind Vanguard Total Stock Market ETF and Saudi Aramco. The current market cap of Bitcoin has decreased to $1.652 trillion, with a 24-hour decline of 10.35%.

BlackRock deposited 4,198 Bitcoins and 43,237 Ethereums into Coinbase Prime.

On November 21st, as per the monitoring of LookOnChain, BlackRock has just placed 4,198 Bitcoins ($348 million) and 43,237 Ethereum ($117 million) into Coinbase Prime.

Bitcoin Surges Above $83,000

On November 21st, according to HTX market data, Bitcoin rebounded and succeeded in breaking through $83,000. The 24-hour decrease was narrowed to 9.3%.

BiyaPay Analyst: Bitcoin Continues to Fall, Exacerbating MicroStrategy's Risk of MSCI Removal

On November 21st, Bitcoin continued to decline, which triggered market concerns about the systemic risk of MicroStrategy (MSTR), the world's largest "Bitcoin treasury" company. The latest data from JPMorgan Chase indicates that retail investors have sold approximately $4 billion worth of Bitcoin and Ethereum spot ETFs in November, reaching a new high for the year. Meanwhile, global stock ETFs have witnessed a net inflow of $96 billion this month, showing a clear trend of "selling crypto and buying stocks." As MSTR's stock price performed significantly worse than Bitcoin, its valuation premium shrank rapidly, shifting market focus to a key risk: major indices such as MSCI are considering excluding it. If it is excluded during the review on January 15th next year, MSCI alone could trigger $2.8 billion in passive selling. If the Nasdaq and Russell follow suit, the outflows could potentially reach $8.8 billion. BiyaPay analysts pointed out that MSTR has gradually transitioned from being

Tom Lee still insists that Bitcoin will reach $150,000 to $200,000 by the end of January next year

November 21st. As per Bloomberg, despite the recent rapid descent in the crypto market, Tom Lee still holds the belief, as expressed in an interview, that Bitcoin will reach a range of $150,000 - $200,000 by the end of January in the coming year. It is worthy of note that Tom Lee made a comparable prediction in September during the 2025 South Korea Blockchain Week Impact Summit, where he forecasted that Bitcoin would reach $200,000 - $250,000 by the end of the year and Ethereum would aim for $10,000 - $12,000.

Bitcoin Dips Below $82,000 Again, 24-Hour Loss Extends to 8.9%

On November 21st, based on HTX market data, Bitcoin once again dipped below $82,000 and is currently trading at $81,930, with a 24-hour decline expanding to 8.9%.

Opinion: Over the past two weeks, the "Whale" level Bitcoin whale group has accumulated an additional 68,030 BTC

November 21st. According to analyst Murphy, during the past half month from November 4th to November 20th, the primary distributing force within the whale group has originated from wallets holding less than 100 BTC. For instance, wallets holding 10 to 100 BTC collectively sold 24,911 BTC. On the contrary, the main accumulating force came from the largest group, namely the super whales holding 10k to 100k BTC, and they collectively acquired 68,030 BTC. This group began continuous distribution after reaching a peak in holding in July of last year. It was not until mid-October of this year when BTC fell below $106,000 that they resumed accumulation. The actions of whales suggest that they believe the current BTC price has reached a certain level of value. However, their accumulation may not immediately prop up the secondary market price. Based on historical data, whale behavior is often a process rather than always buying at the lowest point and selling at the highest point. But in the lo

Bitcoin Holding Strategy Unrealized Gain is now only 12.72%, Forward Industries SOL Holding Unrealized Loss is 44.85%

On November 21st, according to the data from LookOnChain, during the current market downturn, Strategy purchased 649,870 BTC at an average price of $74,433, with a total value of $54.52 billion. The current unrealized gain is $6.15 billion (12.72%). Regarding Forward Industries, which is the largest treasury holder of SOL, it bought 6,834,506 SOL (worth $874.8 million) at an average price of $232.08. Currently, the unrealized loss is $711 million (a 44.85% loss).

「Bitcoin Probability of Dropping Below $80,000 in November Rises to 55%」

November 21st. This afternoon, following a sharp market decline, on Polymarket, the probability that "Bitcoin will break below $80,000 in November" has increased to 55%, and at the same time, the probability of "breaking below $75,000" has risen to 21%.

Bitunix Analyst: Non-Farm Payrolls Data Shows Mixed Signals as Interest Rate Path Hits Another Standstill, Leading to Bitcoin Decline Followed by Consolidation

November 21st. The U.S. Department of Labor disclosed the September nonfarm payroll data, indicating an addition of 119,000 jobs, which significantly exceeded the market's expectation of 52,000 jobs. Nevertheless, the unemployment rate rose unexpectedly to 4.4%, reaching a four-year high. This delayed employment report, which was released after the government shutdown, has become the final key data prior to the December FOMC (Federal Open Market Committee) meeting. The data itself is lagging and presents contradictions, further intensifying policy divergences and making it difficult for the market to determine a clear interest rate path. The latest federal funds futures show that the probability of a rate cut in December has dropped to less than 40%, reflecting a rapid decline in market expectations for easing. On a macro level, the stronger-than-expected nonfarm payroll data should have been considered hawkish. However, the substantial increase in the unemployment rate clearly indica

Bitwise Analyst: Bitcoin Could Be Forming ‘Ultimate Bottom’ in $73,000 to $84,000 Range

On November 21st, André Dragosch, the European Head of Research at Bitwise, stated that the "max pain" range for Bitcoin might be around $84,000 based on IBIT's cost basis or around $73,000 based on MicroStrategy's cost basis. Once either of these levels is attained, the market may witness the ultimate bottom. He referred to these prices as potential "liquidation prices," which could imply a complete reset of the current cycle.

Bitcoin is down 9.88% year-to-date, while Ethereum is down 17.88%.

On November 21st, according to HTX market data, Bitcoin rapidly dropped below $82,000 in the afternoon. As of the time of writing, Bitcoin is currently trading at $84,271, with a cumulative decrease of 9.88% this year. In addition, Ethereum has experienced a cumulative decrease of 17.88% this year.

Bitcoin Falls Below $85,000, With a 24-hour Decline of 6.2%

On November 21st, based on HTX market data, Bitcoin dropped below $85,000 and is currently trading at $84,683, experiencing a 24-hour loss of 6.2%.

Bitcoin Experiences Sharp Decline, Breaking Below $82,000 with a 24-Hour Loss of 8.47%

On November 21st, based on HTX market data, Bitcoin fell below $82,000 and is currently trading at $81,483, experiencing a 24-hour loss of 7.5%.

Bitcoin Experiences Short-Term Plunge, Leading to $960 Million in Long Liquidations Across the Network in Just 1 Hour

On November 21, according to data from Coinglass, nearly $960 million was liquidated within a one-hour period, and long liquidations accounted for $952 million.

Viewpoint: The On-Chain Structure Indicates Bitcoin's Key Support Level at $82,045

November 21st. According to analyst @ali_charts, by analyzing the Unspent Transaction Output Realized Price Distribution (URPD) chart, the key support level for Bitcoin is $82,045. Moreover, @ali_charts analyzed that with the same method, BNB has 3 key support levels at $853, $660, and $564.

Yesterday the US Bitcoin Spot ETF saw a net outflow of $9.032 billion.

On November 21st, based on Farside's monitoring data, yesterday the net outflow of Bitcoin's spot ETF in the United States was $9.032 billion, and no ETF recorded any inflows.

Satoshi Banmaki: Bitcoin's Support Zone Likely Between $81,800 and $74,800

November 21st: The Chinese crypto analyst Banmuxia stated in a post that "Currently, Bitcoin has two key support levels for a potential trend reversal, which are $81,800 and $74,800 (based on Coinbase prices), and the range between these two prices. If the price drops to $74,800, it is very likely to mark the bottom of this bear market."

If Bitcoin drops below $84,000, the mainstream CEX long liquidation pressure will reach $1.185 billion

On November 21st, based on Coinglass data, if Bitcoin drops beneath $84,000, the cumulative long liquidation intensity of mainstream CEX will amount to $1.185 billion. Conversely, if Bitcoin goes above $88,000, the cumulative short liquidation intensity of mainstream CEX will reach $278 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Consequently, the liquidation chart shows the extent to which the asset price will be impacted when it attains a certain level. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will be triggered due to a liquidity cascade.

Bitcoin Falls Below $86,000

On November 21st, based on HTX market data, Bitcoin dropped below $86,000 and is currently trading at $85,899, with a 24-hour decline of 6.9%.

Summary of This Round of Downtrend Views: Bitcoin Final Bottom Forecast as Low as $75,000

November 21st. After Bitcoin experienced its first drop below $90,000 in nearly 7 months, it has continued to decline for several days without showing any signs of recovery. When will the downtrend cease, and at what price range will the ultimate bottom be reached? BlockBeats has compiled the following key analysis points before and after this round of decline: Placeholder VC partner Chris Burniske stated that the characteristics of a market top have emerged. He intends to re-enter Bitcoin when it reaches $75,000 or lower. The market has been enduring the impact of the sharp drop on October 11th, making it difficult to quickly generate sustained buying pressure. The monthly charts of BTC and ETH show some signs of cracking but are still within the "top range." Meanwhile, the decline in MicroStrategy (MSTR) stock price and the frequent warning signals in the gold and credit markets indicate that a broader asset adjustment is imminent. BitMEX co-founder Arthur Hayes said that Bitcoin m

「Ultimate Shorter」 Whale Goes 20x Short on Bitcoin, Unrealized Gain Exceeds $30 Million, Profits $9 Million Only from Funding Rate

On November 21st, as monitored by OnchainLens, a certain "Ultimate Bear" whale holds a short position of 20 times Bitcoin. Currently, it has an unrealized profit of $30 million and has received more than $9 million in revenue from funding fees. Their entry price was $11.14k, and the position size is 1231 BTC.

Analysis: The recent cryptocurrency market downturn has been primarily driven by retail investors selling off Bitcoin and Ethereum, as well as the launch of a physically-backed Ethereum ETF.

On November 21st, a J.P. Morgan analyst declared that the recent pullback in the crypto market - which was particularly intensified after Bitcoin fell below the bank's estimated $94,000 production cost/support level - was primarily driven by retail investors selling off Bitcoin and Ethereum spot ETFs rather than by native crypto traders. “In October, although crypto-native investors triggered a market pullback through significant deleveraging (especially in perpetual contracts), this deleveraging in perpetual contracts appears to have stabilized in November,” J.P. Morgan Managing Director Nikolaos Panigirtzoglou and his team wrote in a report on Wednesday. “Instead, the main force driving the continuous crypto market pullback in November is non-crypto investors, especially those retail investors who entered the crypto market through Bitcoin and Ethereum spot ETFs.” The analyst pointed out that so far this month, retail investors have withdrawn approximately $4 billion from Bitcoin an

U.S. Stocks Close Lower on Thursday, Nasdaq Drops Over 2%, Bitcoin Slides to Touch $86,100 at One Point

On November 21st, when U.S. stocks closed on Thursday, the Dow initially saw a decline of 0.84%, the S&P 500 dropped by 1.55%, and the Nasdaq Composite fell by 2.15%. Nvidia (NVDA.O) decreased by 3.1%, reaching a 5% increase at one point during the trading session. In the cryptocurrency field, Bitcoin dropped to a low of $86,100 at 3:00 am this morning and has now slightly rebounded to $87,200; Ethereum once fell below $2,800 and has now slightly recovered to $2,850. The recent large outflows from spot Bitcoin and Ethereum ETFs, along with the weak pullback in U.S. stocks, have all contributed to the downturn in the cryptocurrency market. Bitcoin mainly fell during the opening hours of the U.S. stock market and then rebounded and recovered during the Asian session, highlighting the selling pressure from the United States. At the same time, the market no longer anticipates a rate cut by the Federal Reserve in December because of the strong job numbers, which have reduced the risk of

Bitcoin Drops Below $87,000

On November 21st, according to HTX market data, Bitcoin fell below $87,000, experiencing a 24-hour decline of 2.7%.

Bitcoin Drops Below $88,000

On November 21st, according to HTX market data, Bitcoin dropped below $88,000, experiencing a 24-hour decline of 1.95%.

Bitcoin Drops Below $89,000

On November 21st, based on HTX market data, Bitcoin fell below $89,000, experiencing a 24-hour decline of 1.3%.

Bitcoin Drops Below $90,000

On November 20th, according to HTX market data, Bitcoin dropped below $90,000, experiencing a 24-hour decline of 0.08%.

U.S. Congressman Introduces "Bitcoin for America" Bill to Codify Strategic Bitcoin Reserve Executive Order

On November 20th, as per Bitcoin Magazine, US Representative Warren Davidson introduced the "Bitcoin for America" bill. The aim of this bill is to: · Enshrine the Strategic Bitcoin Reserve Executive Order. · Grant an exemption from capital gains tax when paying taxes using Bitcoin.

Bitcoin Drops Below $91,000

On November 20th, according to HTX market data, Bitcoin fell below $91,000, with a 24-hour percentage change of -0.34%.

A certain Bitcoin ancient whale has once again deposited 850 BTC into Paxos

On November 20th, as per Emmett Gallic's monitoring, a Bitcoin ancient whale once more deposited 850 BTC (approximately $77.9 million) into Paxos. This came after depositing around 2,300 BTC (approximately $211 million) two weeks earlier. It is worthy of note that these bitcoins originated from an address that Craig Wright had falsely asserted ownership of.

Bridgewater Fund Founder: Bitcoin Holding Represents About 1% of Portfolio

On November 20th, Ray Dalio, the founder of Bridgewater Associates, said, "I hold a small amount of Bitcoin. I have had it for a long time, accounting for about 1% of my portfolio. My view on Bitcoin has always been the same. The issue with Bitcoin is that it will not become the main reserve currency of the world because it is traceable and theoretically could be controlled by quantum computing and be hacked, and so on."

Bitcoin Surpasses $92,000

On November 20th, based on HTX market data, Bitcoin surged past $92,000, witnessing a 24-hour growth of 0.4%.

The Coinbase Bitcoin Premium Index has been in a negative premium for 21 consecutive days, currently standing at -0.0989%.

On November 20th, according to Coinglass data, the Bitcoin Premium Index of Coinbase has been in a negative premium for 21 consecutive days and is currently at -0.0989%. BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator for observing U.S. market liquidity, institutional investment interest, and market sentiment changes. A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting: strong buying pressure in the U.S. market, institutional or compliant funds actively entering the market, abundant USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market hedg

Metaplanet plans to issue $150 million in Class B Perpetual Preferred Stock to further its Bitcoin holdings.

On November 20th, Japan's Bitcoin custodian company DAT announced that Metaplanet intends to issue perpetual preferred stock worth $150 million, with a fixed dividend rate of 4.9% and a conversion price of 1000 yen. The funds will be used to continuously accumulate Bitcoin.

Analysis: The $60,000 to $70,000 range for Bitcoin is considered a deep bear price range, with 50% of chips in unrealized losses.

On November 20th, the on-chain data analyst Murphy stated that Bitcoin's PSR (Profit Supply Ratio), which is used to observe market optimism and fear, has seen its 7-day moving average drop below 70%. Historically, during past market cycles when shifting from bull to bear, the initial decline often reaches this level, followed by a rebound after extreme emotional pressure. Whenever the PSR falls below 50%, it heralds a long-term deep bear market, while also presenting the highest value for investment, marking the most worthwhile price range for buying. The current BTC price is holding at $92,000. According to UPPD data, 6.7 million BTC are currently in unrealized losses, accounting for 33% of the total circulation. Assuming that holders of coins bought at a lower price are no longer selling, when the price drops to $59,000, around 9.744 million BTC would be locked in at a loss. At this point, the PSR would be around 50%. Since the PSR is continuously changing, a static numerical evalu

ANAP's Bitcoin Holdings Increase to 1047.56 BTC, Valued at Approximately $96.4 Million

On November 20: The Japanese fashion brand ANAP has augmented its holdings of Bitcoin by 20.44 BTC, with a value of $1.88 million. The total holdings currently amount to 1047.56 BTC, valued at around $96.40 million, and it ranks 46th in terms of Bitcoin institutional holdings.

Greeks.live: Overall Market Sentiment Still Bearish, Keeping a Close Eye on Bitcoin's $90,000 Key Support

On November 20th, Researcher Adam from Greeks.live pointed out that the overall market sentiment remains bearish, and there is a divergence regarding whether the bottom has been formed. Traders are closely observing the key support levels of $2800 to $2900 for ETH and $90,000 for BTC. The core disagreement focuses on whether the current levels have already reached the bottom.

Bitcoin Drops Below $92,000, 24-hour Gain Narrows to 0.9%

Update: On November 20th, based on HTX market data, Bitcoin fell below $92,000, and its 24-hour gain was narrowed to 0.9%.

Bitcoin Hits $93,000, Intraday Gain Reaches 3.46%

On November 20th, according to HTX market data, Bitcoin reached $93,000. It is currently trading at $93,051, showing a daily increase of 3.46%.

Yesterday Bitcoin Spot ETF saw a net inflow of $75.4 million, while Ethereum Spot ETF saw a net outflow of $37.4 million

On November 20th, according to the monitoring of Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $75.40 million, and the net inflow into the BNY Mellon IBIT was $60.60 million. The Ethereum spot ETF witnessed a net outflow of $37.40 million, with a net outflow of $24.60 million from the BNY Mellon ETHA. The SOL spot ETF had a net inflow of $48.50 million yesterday, and there was a net inflow of $35.90 million into BSOL.

glassnode: Bitcoin Breaks Key Level, Mild Bear Market Sentiment Strengthens

On November 20th, glassnode released its weekly market observation article. It was pointed out in the article that Bitcoin has fallen below the STH cost basis and the -1 STD range, thus putting pressure on recent buyers. The $95K-$97K USD range has now become a key resistance level. Reclaiming this range would suggest an early step towards the recovery of the market structure. On the other hand, the spot demand remains weak. The US spot ETF fund flows are severely negative, and the TradFi asset allocators are not adding any buying pressure. The speculative leverage continues to decline, which is reflected in the decrease in the open interest of futures contracts in the top 500 assets and the funding rates dropping to a cyclical low. The options market has significantly readjusted the risk pricing. The implied volatility has risen across all tenors. The skew remains low because traders have paid a high premium for the downside risk protection. This deeper drop has continued the mild b

CryptoQuant CEO: Bitcoin's Current Sell-off Pressure Comes From Short-term Holders

On November 20th, the CEO of CryptoQuant released multiple Bitcoin Realized Cap Distribution charts and stated that the current sell-off is being driven by short-term holders of Bitcoin, while miners and long-term holders remain relatively restrained.

万币比特币巨鲸Owen Gunden将最后2,499枚BTC存入Kraken，价值2.28亿美元 Bitcoin Whale Whaler Owen Gunden Deposits Final 2,499 BTC into Kraken, Worth $228 Million

On November 20th, as per the monitoring of LookOnChain, the Solana Bitcoin whale Owen Gunden deposited the remaining 2,499 BTC into Kraken one hour ago, with a value of $228 million. In the past month, Owen Gunden has sold more than 11,000 BTC.