Bitcoin’s Bloody November: 📉 You Won’t Believe This!?

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The crypto thing… well, it’s gone and done a number on itself. A right proper mess, it has. They’re callin’ it a ‘correction,’ which is a fancy way of sayin’ folks lost a heap of money. The whole kit and caboodle, the global market cap, is lookin’ at a six-month low – down around $3.27 trillion. Bitcoin and that Ethereum, they’ve both stumbled back a ways, like a fella tryin’ to outrun a dust storm. Twenty-three percent and thirty-six percent off their high water marks, they are. You could feel the fear hangin’ in the air, thick as a summer fog. They got this index, the “Fear & Greed” thing, and it’s down to 15. Fifteen! That’s the kind of number you’d get from a fella who just stepped in somethin’ unpleasant. 😬

Bitcoin’s back where it was in June of ’25, which, let’s be honest, in crypto years is practically the Stone Age. November’s been a hard month, a real gut punch from its peak in October down to the mid-$90,000 range. It’s a humbling experience for those who thought it would just…keep going up. 🤷‍♂️

Why the Digits are Droppin’

Folks are spoutin’ theories, naturally. Whales movin’ coins, governments gettin’ cold feet, that Paul Krugman fella makin’ gloomy pronouncements. But the numbers don’t lie. It ain’t any of that. It’s just the big boys – the ones with the suits and the complicated charts – deciding to tighten the purse strings. That inflation report came in hot, hotter than a skillet full of chili, and suddenly folks ain’t expectin’ a rate cut. When the money gets tight, the risky stuff – tech stocks, and Lord help us, crypto – gets squeezed. And the AI sector decided to sulk too, which didn’t help none. It went from a little wobble to a full-on tumbleweed effect.

Leverage Got ‘Em

And then came the leverage. Oh, the leverage. Seems a lot of folks were playin’ with borrowed money, bettin’ the farm on this thing goin’ to the moon. When it started to fall, those loans came due, and it was a run for the exits. A cascade, they call it. Like dominoes, except instead of dominoes, it’s folks’ life savings. Bitcoin went down faster than a greased pig at a county fair. 🐷

The regular market wasn’t lookin’ too pretty either. That SoftBank crew sold off all their Nvidia shares – a shocker, that was – and a couple of hedge funds went belly up, remindin’ folks of ’07. A fella named Altcoin Daily pointed out that all this worry in the “real” world dripped over into crypto, and well, you saw the result.

Options and a Whole Lotta Worry

Today, a whole heap of options expired – $4.7 billion worth, to be exact. That means folks were bettin’ on where the price would be, and a whole lot of ’em were bettin’ it’d go down. They call it a “put,” which sounds like a nice thing, but believe me, it ain’t. They’re thinkin’ Bitcoin might dip below $95,000. And Ethereum? They’re brace for a fall under $3,000.

But hold on. There’s a fella named Michael Saylor, and he says this always happens. Bitcoin goes up, it goes down, then it goes up again, bigger and stronger. He says it’s supposed to be bumpy. Volatility, he calls it. Seems like a polite word for a heart attack. 😅

Everything Else is Gettin’ Kicked

As Bitcoin stumbles, all the other coins are followin’ suit. XRP, BNB, SOL, ADA, ZEC – they’re all down 5 to 12 percent. And those silly meme coins – DOGE, SHIB, PEPE – well, they’re mostly just lookin’ at their losses. PEPE specifically is down a whopping 80% this year. Eighty percent! That’s a fella learnin’ a hard lesson.

Most folks think it’s gonna get worse before it gets better, especially for the smaller coins. They’re lookin’ at $94,000 as a possible bottom for Bitcoin, but who knows? In this business, the only thing you can be sure of is that it’ll probably do the opposite of what you expect. 🙃

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2025-11-14 11:44