There was a big fall in Bitcoin on 21 November. Its value fell 7.6 percent to $80,553. Ether fell further by 8.9 percent. Due to this its value fell below $2,700. According to CoinGecko data, the total market value of virtual coins has fallen below $3 trillion for the first time since April.
Impact of Owen Gunden’s sale
Owen Gunden’s Bitcoin The pressure on this cryptocurrency increased further due to the sale of its entire portfolio. Gunden has been the oldest investor in Bitcoin. His Bitcoin portfolio played a big role in his wealth. Since October 21, 2025, he has sold 11,000 BTC. Its value is about 1.3 trillion dollars. He has done this selling when there is continuous pressure on Bitcoin.
November was very bad for Bitcoin
The value of Bitcoin has fallen by almost one-fourth so far in November. This is the biggest fall in a single month since June 2022. This information is based on Bloomberg data. The value of Bitcoin reached a record high in early October. Since then it has crashed more than 30 percent. The selling that took place on October 10 played a major role in this decline. This reduced the combined market value of all cryptocurrencies by about $1.5 trillion.
An atmosphere of fear among cryptocurrency traders
According to CoinGlass data, selling pressure on Bitcoin has increased in the last 24 hours. The reason for this is the cutting of deals worth $2 billion which were leveraged. An index indicating crypto investor sentiment has fallen to its lowest level since the fall of 2022. Coinglass has prepared this index. This is indicating a lot of fear among traders right now. The index indicating the sentiment of crypto investors was at 94 in January this year. Donald Trump took oath as the US President in January itself.
Consolidation visible in crypto
On November 21, Bitcoin made a lower low for the 21st consecutive session. According to Bloomberg data, this is the longest sequence of pressure on values since 2010. The CEO of Mudrex said, “Consolidation is visible in the crypto market due to increasing uncertainty in America.
Uncertainty increased pressure in America
Job data in September has revealed that the unemployment rate in America was 4.4 percent. This is more than expected. This could impact the Federal Reserve’s decision to reduce interest rates., According to CoinSwitch Market Desk, ,The band of $89,000-92,000 is the closest liquidity area. This is also a potential zone of recovery in the short term. ,