# Bitcoin Dips to $80K

*Author: Bankless*
*Published: Nov 21, 2025*
*Source: https://www.bankless.com/read/news/bitcoin-dips-to-80k*

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Crypto markets suffered a major washout Friday as more than $2 billion in leveraged long positions were liquidated over the past 24 hours, amid brutal dips for the majors. Bitcoin fell as low as $80,659 while ETH dropped as far as $2,626.

## What’s the Scoop?
- **Liquidations:** About $2.2B in leverage was cleared out as prices fell – more than $2 billion of which from longs, according to [CoinGlass](https://www.coinglass.com/LiquidationData).
- **ETF Flows:** Bitcoin ETFs saw $903M in net outflows Thursday, [The Block ](https://www.theblock.co/post/379871/spot-bitcoin-etf-second-worst-outflows)reported,  the second-largest since launch. 
- **Market Structure:** Friday's low for BTC represented a 36% decline from its October all-time high. Meanwhile, ETH's Friday low represented a 46% drop from its August ATH.
- **Macro Pressure:** Better-than-expected U.S. jobs data added fuel to concerns that rate cuts could be paused in December.

> FWIW — Think max max pain is reached the moment we tag either the IBIT cost basis at 84k or MSTR cost basis at 73k.Very likely we’ll see a final bottom somewhere in between. But these will be fire sale prices and akin to a full cycle reset imo.— André Dragosch, PhD⚡ (@Andre_Dragosch) [November 19, 2025](https://twitter.com/Andre_Dragosch/status/1991229338230935606?ref_src=twsrc%5Etfw)
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