My View on This So-Called “Crypto Extinction Event”
What happened on 21 November 2025 wasn’t just a random red candle to me – it exposed how fragile this market really is.
If only ~$200M in real selling can trigger ~$2B in liquidations, it tells me one thing: we’re not trading Bitcoin, we’re trading leverage on top of Bitcoin. When 90% of the action is borrowed money, every move becomes a domino effect. One shake → overleveraged traders wiped out.
But the bigger lesson for me is macro:
Bitcoin didn’t crash “alone.” It moved with global risk assets. When Japanese bond yields spike, global liquidity tightens, and suddenly BTC, S&P, Nasdaq – all bleed in the same hour. That’s not a rebel asset anymore, that’s a plugged-in macro asset.
At the same time, every crash is quietly transferring coins from leveraged traders to stronger hands – governments, institutions, long-term holders. If countries are buying the dip (like El Salvador), that’s a signal: Bitcoin is slowly shifting from “outsider” to “infrastructure.”
My takeaway:
Respect leverage risk.
Watch macro, not just charts.
Bitcoin $BTC is becoming system money – and that changes how I treat every dip.#cryptouniverseofficial #BTC #BTC走势分析
