Crypto Carnage: $1.1 Trillion Vanishes in 41 Days – Can Trump Save It?

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Hold onto your hats, folks! President Trump has decided that making America “#1 in crypto” is now a top priority. And while the goal sounds great on paper, the reality? Not so much. Bitcoin has taken a nosedive, plummeting a gut-wrenching 25% in just a month. Meanwhile, Americans are juggling inflation, student loans, and healthcare premiums-oh, and watching their precious digital gold stumble like a toddler learning to walk. 🤑

So, what’s really going on? Let’s break it down (cue dramatic music!):

  • Despite Trump’s big crypto push, Bitcoin’s been in freefall, down 25% in 30 days. Nice one, America!
  • Institutional outflows and crazy leverage are turning the market into a high-speed rollercoaster of doom.
  • Ethereum and altcoins are joining the crypto funeral, while gold’s been flexing its muscles like “You should’ve just stuck with me, buddy.”

Crypto’s been having a meltdown of epic proportions-$1.1 trillion wiped out in 41 days. Yes, you read that right. A trillion with a “T”! According to The Kobeissi Letter, that’s about $27 billion a day-oh, to be a fly on the wall at the crypto headquarters right now! 💸

And the total crypto market cap? It’s now sitting about 10% lower than it was during the record-breaking $19 billion liquidation on October 10. Analysts are calling this a “structural downturn,” but let’s be honest, it’s more like a “run for the hills” moment. 🏃‍♂️💨

So why the dramatic selloff? Well, the fundamentals look solid-ish, but institutional outflows really kicked off around mid-to-late October. Crypto funds saw $1.2 billion in outflows in the first week of November alone. That’s some serious panic button pressing happening. And when you’ve got leverage on the table, one small move can trigger mass liquidations faster than you can say “pump and dump.”

Crypto leverage is like giving someone a rocket launcher to play with-speculators can take positions up to 100x their capital. Yikes. A tiny 2% dip, and boom, mass liquidations galore. October 10th’s $19.2 billion liquidation led to the first-ever $20,000 BTC daily candlestick (that’s fancy trader talk for “this is bad, really bad”). And for the last 16 days? Liquidations over $1 billion, and half-billion daily liquidations are the new normal. Someone call the paramedics! 🚑

The fear level in the market is so high, it’s practically palpable. The Crypto Fear & Greed Index has plummeted to a “extreme fear” level of 10. Yikes! That’s a tie with the February lows, and, oddly enough, Bitcoin is up 25% since its low in April. Who knew fear could drive crypto up? 🤔

Meanwhile, good ol’ safe-haven gold is out here just doing its thing, outperforming Bitcoin by a cool 25 percentage points since early October. Maybe it’s time for a little gold rush, eh? 🏅

Ethereum’s getting crushed too, down 8.5% year-to-date and 35% since October 6th. So much for “The Merge,” huh? 😅

But fear not! The Kobeissi Letter isn’t all doom and gloom. They’re staying cautiously optimistic, saying, “We think the bottom is near.” Is that the sound of hope-or just a marketing ploy? Only time will tell! 🕒

For those who want the nitty-gritty, here’s the Kobeissi thread:

What is happening in crypto?

Over the last 41 days, crypto has erased -$1.1 trillion in market cap, or -$27 billion PER DAY.

Crypto market cap is now ~10% BELOW levels seen during the record -$19 billion liquidation on October 10th.

This is a structural move. Let us explain.

– The Kobeissi Letter (@KobeissiLetter) November 16, 2025

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2025-11-17 20:18