Bitcoin Price Plunges 21% Amidst Institutional Outflows, Whales Accumulate BTC

Bitcoin experienced a dramatic plunge of 21%, dropping from over $126,000 to around $104,000 on October 20th, 2025. This significant decline was triggered by a massive single-day liquidation event, with large wallets accumulating over 50,000 BTC during the crash. This tumultuous market phase coincided with substantial outflows from institutional exchange traded funds (ETFs) as investors responded to volatility.