A major market correction has triggered liquidations of over $70 million for both Bitcoin and Ethereum on November 17, 2025. This event hit particularly hard leveraged traders and institutional investors as the price of ETH dropped below $3,000. The selloff is being attributed to a combination of factors including institutional outflows, DeFi protocol impacts, and broader market adjustments. Notably, Arthur Hayes and Machi experienced selling pressures alongside increased ETH holdings by entities like BitMine amidst heightened volatility. 2025 saw a significant influx in institutional capital, with outflows exceeding $1.3 billion during the second week of November, indicating a more cautious approach towards risk. While this event highlights ongoing market corrections and deleveraging, experts are uncertain about the future impact on prices. The lessons learned from similar events like those in October 2025 emphasize the need for caution when navigating volatile markets. Investors are urged to exercise due diligence and consult with financial advisors before making any investment decisions.