So, What’s the Fuss?
Who’s Ditchin’ the Bitcoins?
Oy gevalt! BlackRock’s IBIT threw out $355 million like yesterday’s bagel! And Grayscale’s GBTC? Not far behind at $199 million. It’s a regular fire sale! 🔥
Is it Just the Price? Nu?
The price is a big shpilkes, sure, but not the whole story! Sometimes money goes in even when the price is fallin’! It’s like tryin’ to understand my mother-in-law – there’s always more goin’ on than meets the eye! 🤨
November? A disaster, a catastrophe! Instead of money flowin’ in to these Bitcoin ETFs, it’s flowin’…well, out! Oy vey!
Let’s Break Down This Mess!
On November 20th, a whopping $903.2 million just…vanished! Poof! Gone! According to those number crunchers at Farside Investors. What a scene!
BlackRock’s iShares Bitcoin Trust (IBIT) took the biggest hit – $355.50 million. And Grayscale’s GBTC? $199.35 million down the drain. It’s enough to give a mensch a heart attack! 😵💫
People are gettin’ nervous, I tell ya! Very nervous. November is lookin’ like a real tough month for these things.
We’re talkin’ almost $3 BILLION out the door in November! Three billion! That’s a lot of knishes!
Is it the Price, Already?!
Bitcoin’s price? It’s been doin’ a schlep downwards! Down 7.35% in the last 24 hours, sittin’ at $84,432.53, says CoinMarketCap. A real gut punch!
It’s been goin’ down since November 3rd, and it’s makin’ people very, very worried. Or is it the other way around? Who knows with these markets?! 🤔
But listen, things aren’t always so simple! Sometimes money goes into the ETFs even when the price falls! It’s baffling! It’s like trying to solve a Rubik’s Cube while balancing a plate of gefilte fish.
Like in late October, when Bitcoin started creepin’ up after a big crash, money started flowin’ in. Four days in a row! A little bit at first, then more and more!
But even with all that money comin’ in, Bitcoin couldn’t break through $117,000. It’s like tryin’ to get my Uncle Leo to admit he’s wrong… impossible!
Apparently, the money comin’ in wasn’t enough to stop all the sellin’. Just not enough!
So, Was the Past Better?
On November 19th, things looked up for a hot minute! $75.47 million flowed in! A little shpritz of hope! But then…back to the downward spiral. A true tragedy!
Over six weeks, the whole crypto world lost over $1.2 TRILLION! Gesundheit! 🤧
It’s all because people are scared, the tech bubble is lookin’ shaky, and nobody thinks the government is gonna lower interest rates anytime soon.
Bitcoin dropped from almost $126,000 in the summer to…well, this. A real kick in the bupkes!
But some smart fellas say it’s not a real problem, just people gettin’ spooked.
As one brainy guy from CoinSwitch Markets Desk told “Mint,”
“The next big trouble spot might be between $78,000 and $75,000. Meaning the price might fall there before it calms down. These spots usually make people panic-sell first, then attract buyers. It’s a likely place for the price to bounce back as buyers always seems to come around when the price is low.”
Read More
- USD PLN PREDICTION
- USD VES PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- JUP PREDICTION. JUP cryptocurrency
- EUR CNY PREDICTION
- Gold Rate Forecast
- BTC PREDICTION. BTC cryptocurrency
- TRX PREDICTION. TRX cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- Brent Oil Forecast
2025-11-22 08:17