Bitcoin’s value plummeted by a staggering 17.49% in November, marking its worst monthly performance since the turbulent bear market of 2018. This marked a sharp decline from its opening price near $110,000, eventually dropping to around $86,000 before recovering slightly before finally crashing on Sunday. CoinGlass data reveals this as the second-worst month for Bitcoin in 2025, only surpassed by February’s 17.39% slide. Factors such as U.S. spot Bitcoin ETFs facing heavy redemptions and increased risk aversion fueled the bearish trend. 2025 saw a massive outflow from Bitcoin ETFs, hitting $3.48 billion in just one month, followed by significant liquidation by whales who unloaded billions of dollars worth of BTC, including prominent figures like Owen Gunden and other large holders. These events were compounded by global macro headwinds like the expansion of tariffs on China and the U.S. government shutdown that negatively impacted markets and crypto alike. The Fed’s stance on rate cuts contributed to further volatility, as their balance sheet continued to shrink, impacting high-risk investments such as Bitcoin. 2025 even saw gold shine brighter than Bitcoin in a flight to safety scenario. The year ended with a bleak outlook for investors, as whales dumped massive quantities of Bitcoin. Long-term holders also offloaded significant amounts in the weeks leading up to the end of November. This heavy selling amplified market movements and led to widespread losses. 2025 witnessed a sharp decline across the entire crypto market. The Fear & Greed Index plummeted to levels of deep fear, with traders reacting with skepticism as Bitcoin’s performance was marked by significant volatility. Despite these challenges, some investors like Michael Saylor continued to accumulate Bitcoin in spite of the drop. November’s downfall shattered past seasonal trends, with historical predictions suggesting a yearly average gain for November. However, 2025’s statistics showed a complete reverse, with an overall decline in value.