Bitcoin, that capricious lover of markets, tumbled once more beneath the $90,000 threshold, its fleeting flirtation with $94,000 dissolving like a mirage. The asset, now gasping for breath, clings to shadows as BlackRock’s IBIT-once a titan of ambition-now limps with wounds of $2.65 billion, its outflows a dirge in the symphony of chaos.
The ETF, that financial ballet, has seen 11 days of retreat from its throne, only four blinks of hope in a sea of despair. On November 18, a record $523.2 million fled like frightened doves, while Fidelity’s FBTC wept rivers of red ink-$356.6 million on one day, $256.7 million on another. A carnival of losses, indeed.
Since October 29, $5 billion has evaporated from U.S. spot Bitcoin ETFs, a hemorrhage that has dragged Bitcoin from its lofty perch above $116,000 to the depths of $90,000. The coin, now a ghost of its summer self, shivers in the cold winds of investor scorn.
Ethereum, too, joins the waltz of folly. Its ETFs, since October 8, have wallowed in red for 22 of 28 days, their inflows mere whispers. ETH, once near $4,800, now sips tea with the $3,000 crowd-a tragicomic fall from grace.
All this, dear reader, is but a chapter in the grand novel of crypto’s folly. The market, ever the jester, laughs as coins tumble and portfolios weep. And yet, amid the chaos, one truth remains: the only thing more volatile than Bitcoin is the sanity of those who trade it. 😂💸
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2025-11-19 20:47