So, What’s the Fuss?
Who’s Ditchin’ the Bitcoins?
Oy gevalt! BlackRock’s IBIT threw out $355 million like yesterday’s bagel! And Grayscaleâs GBTC? Not far behind at $199 million. It’s a regular fire sale! đĽ
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’! Itâs like tryinâ to understand my mother-in-law – thereâs always more goinâ on than meets the eye! đ¤¨
November? A disaster, a catastrophe! Instead of money flowinâ in to these Bitcoin ETFs, it’s flowin’âŚwell, out! Oy vey!
Let’s Break Down This Mess!
On November 20th, a whopping $903.2 million justâŚvanished! Poof! Gone! According to those number crunchers at Farside Investors. What a scene!
BlackRockâs iShares Bitcoin Trust (IBIT) took the biggest hit – $355.50 million. And Grayscale’s GBTC? $199.35 million down the drain. Itâs enough to give a mensch a heart attack! đľâđŤ
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! Thatâs 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, sittinâ at $84,432.53, says CoinMarketCap. A real gut punch!
It’s been goin’ down since November 3rd, and itâs makinâ people very, very worried. Or is it the other way around? Who knows with these markets?! đ¤
But listen, things arenât 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 creepinâ up after a big crash, money started flowinâ in. Four days in a row! A little bit at first, then more and more!
But even with all that money comin’ in, Bitcoin couldnât break through $117,000. Itâs like tryin’ to get my Uncle Leo to admit he’s wrong⌠impossible!
Apparently, the money cominâ in wasnât 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 thenâŚback to the downward spiral. A true tragedy!
Over six weeks, the whole crypto world lost over $1.2 TRILLION! Gesundheit! đ¤§
Itâs all because people are scared, the tech bubble is lookinâ 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 gettinâ spooked.
As one brainy guy from CoinSwitch Markets Desk told “Mint,â
âThe 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.â
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2025-11-22 08:17