Bitcoin price today, November 22, 2025: BTC stabilizes near $84K after brutal November sell‑off

Bitcoin price today (22 November 2025) is hovering around $84,000, attempting to find a floor after one of the sharpest drawdowns of the year. At the time of writing, BTC is trading close to $84,052, with intraday highs just above $85,000 and lows in the $82,000–83,000 range across major exchanges. ^[1]

At 09:30 UTC, Binance’s market update put Bitcoin at $84,101, up about 1.2% over the previous 24 hours, after trading between roughly $80,600 and $85,620 in that period. ^[2] Despite this modest bounce, Bitcoin remains deep in the red for November, with some estimates putting the month‑to‑date loss around 24% and BTC sitting roughly one‑third below its all‑time high near $126,000 reached earlier this year. ^[3]

Below is a full breakdown of what’s driving Bitcoin price today, the latest news from November 22, and what traders are watching next.

Bitcoin price today: key levels at a glance

Spot price (approx.): $84,000–$84,500
24h change: Slightly positive, roughly flat to modestly higher on the day
24h trading range: About $81,000–$85,500 depending on the venue ^[4]
Month‑to‑date performance: Around ‑24% in November ^[5]
Drawdown from all‑time high: More than 30% below the peak near $126,000 ^[6]

After briefly dipping below $80,000 on some derivatives platforms earlier in the week, BTC has clawed back above the psychologically important $80K zone and is now consolidating just above $84K. ^[7]

What is moving Bitcoin price on November 22, 2025?

Today’s Bitcoin action sits at the intersection of macro nerves, ETF flows, and crypto‑specific stress. Several news stories dated November 22, 2025 give a good snapshot of the current environment.

1. Fed rate‑cut odds jump, but risk appetite is still fragile

A big part of the story today is macro:

Crypto market updates note that Fed rate‑cut odds have surged past 70%, coinciding with BTC’s push back toward the mid‑$80K area. ^[8]
Broader markets are also responding: U.S. stock indexes finished Friday sharply higher, helped by comments from the New York Fed that were interpreted as supportive of an eventual rate cut. ^[9]
At the same time, a fresh weekly crypto forecast highlights a continued decline in risk appetite, framing the recent move as a relief bounce rather than a full‑blown risk‑on reversal. ^[10]

In short, macro conditions are less aggressively hostile than earlier in the month, but investors are still skittish. That’s part of why Bitcoin is stabilizing instead of aggressively breaking higher.

2. ETF flows: from record outflows to a tentative turnaround

Spot Bitcoin ETFs remain a central driver of sentiment this month.

Earlier in November:

U.S. spot Bitcoin ETFs saw record net outflows of about $3.79 billion for the month, the largest on record, as risk‑off flows swept through crypto funds. ^[11]
On November 20, a single day of ETF outflows around $903 million underscored just how intense the selling pressure had become. ^[12]

Now, signs of stabilization:

In the last 24–48 hours, ETF data shows a sudden swing back to net inflows, with roughly $238 million returning to spot Bitcoin funds on November 21, led by Fidelity’s FBTC. ^[13]
At the same time, spot Bitcoin ETFs have posted record trading volume of about $11.5 billion, suggesting massive repositioning rather than simple abandonment of the asset class. ^[14]

The message from ETF flows is mixed but important:

The panic selling phase may be easing, as evidenced by the return of inflows and heavy two‑way trading.
But the overall November scoreboard is still negative, and institutions clearly remain cautious.

For today’s price, that translates to less relentless selling pressure, giving Bitcoin room to consolidate around the mid‑$80K area.

Technical picture: key support around $82K, eyes on $80K and $90K

Technical analysts are watching a handful of levels closely after this month’s breakdown.

1. The $82K “long‑term holder” zone

A recent analysis using on‑chain cost‑basis data highlights around $82,000 as a critical support area:

BTC briefly tagged the $82,045 region on November 21.
That zone lines up with the average cost basis for many long‑term holders, historically a place where strong hands tend to step in. ^[15]

So far, that area has roughly held, with spot price oscillating between that support and the mid‑$80Ks.

2. The psychological $80K line – and talk of $75K

Articles today warn that:

A decisive break below $80,000 could invite a move toward potential downside targets in the $75K–$78K region mentioned by several analysts. ^[16]

From a trader’s perspective, $80K is the line in the sand: holding above it keeps the current move in “deep correction” territory; losing it risks morphing the structure into something more like a bear‑market leg.

3. Resistance overhead: $86K–$90K

On the upside, Bitcoin faces important resistance:

Short‑term resistance is clustered around $86K–$87K, roughly where price failed multiple times this week. ^[17]
Above that, the $90K region looms as a key psychological and technical barrier: a break and close above it would suggest a more convincing shift away from panic selling and back toward accumulation.

Right now, BTC is stuck in the middle of this band—above critical support, but below meaningful resistance—making today’s action look more like range‑building than the start of a fresh trend.

On‑chain and mining data: hashprice at record low

It’s not just price charts flashing stress. Under the hood, Bitcoin’s mining economy is feeling the squeeze.

A mining‑sector report today notes that:

Bitcoin hashprice (the revenue miners earn per unit of computing power) has dropped to a new all‑time low below $35 per PH/s, pressured by the combination of falling BTC price and persistent network difficulty. ^[18]

Why that matters:

When hashprice sinks this low, margins for less efficient miners get crushed, increasing the risk of shutdowns or forced selling of BTC reserves.
There are early signs of a pullback in network hashrate, which could eventually ease difficulty and help surviving miners—but that adjustment takes time.

In previous cycles, periods where miners were under severe stress often coincided with late‑stage capitulation phases in Bitcoin price. While that doesn’t guarantee a bottom is in, it’s a metric traders are watching closely.

Sentiment: between “blood in the streets” and long‑term optimism

If there’s one thing today’s coverage makes clear, it’s that sentiment is extremely divided.

1. “Blood on the streets” camp

Some commentators describe the current setup as classic fear‑driven capitulation:

A widely read analysis framed the recent ~30% drop as “blood on the streets,” pointing to fearful options markets and early signs of bottom‑formation in on‑chain data. ^[19]
November has seen crypto shed around $1.2 trillion in market value over six weeks, underscoring just how violent the sell‑off has been. ^[20]

From this perspective, today’s stabilization near $84K could be the early stages of a bottoming process, assuming key supports hold.

2. Long‑term bulls: 110K–250K targets still on the table

Despite the drawdown, prominent long‑term bulls haven’t backed down:

Attorney and crypto advocate John Deaton suggested Bitcoin could still reach $110,000 by the end of 2025, arguing that the current fear and ETF volatility may be a temporary setback. ^[21]
Author Robert Kiyosaki recently disclosed he sold about $2.25 million worth of Bitcoin to fund business investments but remains structurally bullish, floating potential targets around $250,000 by 2026. ^[22]

These opinions are highly speculative, but they help explain why dip‑buying interest keeps emerging near major supports.

3. Bears and skeptics: “only one unlikely hope”

On the other side, long‑time critic Peter Schiff is using the downturn to reiterate his bearish stance, arguing that Bitcoin buyers have “only one unlikely hope” for being bailed out—framing recent weakness as evidence of structural fragility rather than a temporary setback. ^[23]

Between these extremes, many traders appear to be neutral to cautiously bearish, waiting to see whether $80K holds or breaks.

Altcoins vs Bitcoin: rotation beneath the surface

An important subplot today is how altcoins are behaving relative to Bitcoin:

Recent data shows the ALT/BTC ratio up nearly 9.5% in November, meaning altcoins have outperformed BTC even as the flagship asset dropped sharply.
On Binance, altcoins reportedly make up about 60% of trading volume, the highest share since early 2025. ^[24]

In English: while Bitcoin is absorbing the brunt of the selling, capital is rotating into selected altcoins, suggesting traders are still willing to take risk—but are choosier about where they deploy it.

For BTC price, this can cut both ways:

Rotation can cap Bitcoin’s upside in the short term if capital prefers altcoins.
But a functioning, active altcoin market also signals that crypto as a whole isn’t “dead”, even in the midst of a tough month.

What to watch for Bitcoin after today

As Bitcoin trades around $84K on November 22, several key questions will shape the next leg:

1. Does $80K continue to hold?

Bullish short‑term scenario: BTC keeps closing above $82K, builds a base in the $82K–$88K range, and eventually retests $90K+ on improving macro and ETF flows.
Bearish scenario: Price loses $80K on high volume and momentum, opening the door to tests of lower targets mentioned by analysts in the $75K area or below. ^[25]

2. ETF flows: relief bounce or new buying wave?

If the return of inflows (the recent +$238M day) evolves into a multi‑day streak, it would strongly support the idea that institutions are buying the dip rather than exiting. ^[26]
Conversely, if another wave of large outflows appears, it could quickly pressure price back toward the low‑$80Ks or below.

3. Macro surprises

Bitcoin remains highly sensitive to macro headlines:

Any fresh data that reinforces the case for rate cuts could support risk assets and help BTC extend its bounce. ^[27]
On the other hand, renewed inflation worries or hawkish Fed commentary could reignite the risk‑off trade, squeezing Bitcoin and equities together.

4. Mining and on‑chain capitulation signals

With hashprice at record lows, further stress on miners could lead to forced selling, but also potentially signal late‑stage capitulation if inefficient operators exit and difficulty finally eases. ^[28]

Is now a good time to buy Bitcoin?

This is the question everyone asks on a day like today—and there’s no one‑size‑fits‑all answer.

Things bulls might point to:

BTC is already down about a quarter this month and more than 30% off the highs, levels that have historically attracted long‑term buyers. ^[29]
Miner stress, ETF capitulation, and fearful sentiment often cluster near cycle lows, not near tops.

Things bears and cautious investors might highlight:

The macro backdrop is still unstable, with risk appetite trending lower. ^[30]
ETF outflows for November remain record‑high overall, even after the last‑day inflows. ^[31]
A clean reclaim of $90K+ has not yet happened, so the broader trend is still down from a technical perspective.

If you’re considering any move:

Do your own research.
Consider your timeframe (trader vs. long‑term holder).
Never invest money you cannot afford to lose—crypto remains highly volatile.

This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice.

Quick FAQ: Bitcoin price on November 22, 2025

What is Bitcoin’s price today, 22 November 2025?
Bitcoin is trading around $84,000, with intraday swings between roughly $82,000 and $85,000 across major exchanges. ^[32]

Why is Bitcoin down so much this month?
November’s drop has been driven by a combination of record ETF outflows, a broad risk‑off shift in financial markets, and follow‑through selling after Bitcoin’s earlier surge to new highs. Overall, BTC is down roughly 24% in November and more than 30% from its all‑time high near $126K. ^[33]

What are the most important Bitcoin levels to watch now?
Many traders are watching support around $82K (and the broader $80K zone) and resistance around $86K–$90K. A sustained move below $80K would worry bulls, while a break and hold above $90K would be an early sign that the worst of the correction might be over. ^[34]

Are institutions dumping Bitcoin?
Institutional sentiment is mixed. U.S. spot Bitcoin ETFs have seen record net outflows in November, but the last couple of days show a return of inflows and record trading volumes, suggesting a violent re‑allocation rather than a simple exodus. ^[35]

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