Bitcoin has tumbled more than 30% from its all-time high of $126k and is 
trading around $85,500 after briefly falling to $82K, according to market 
reports. Traders warn that recent moves by long-term holders are changing how 
the market reacts to stress. Liquidity has thinned, and that makes price 
swings larger than usual. Related Reading: Dogecoin Goes Wall Street: 
Grayscale Confirms Nov. 24 ETF Launch Schiff Issues A Stark Warning According 
to gold investor Peter Schiff, Bitcoin is “finally having its IPO moment.” He 
said that when veteran holders turn into sellers, supply at the top of the 
market rises and future selloffs can become deeper. “This much Bitcoin moving 
from strong to weak hands not only increases the float, but also means future 
selloffs will be bigger,” Schiff said on Saturday. His view has been repeated 
by bearish voices for years, but this time the comment lands against clear on- 
chain moves and big ETF outflows. Traders note that when confident, long-term 
holders prune positions near local peaks; when many do it at once, price 
action often becomes more violent. Some argue that after all these years 
Bitcoin is finally having its IPO moment now that there’s enough liquidity for 
the OGs to cash out. I agree, but this much Bitcoin moving from strong to weak 
hands not only increases the float, but also means future selloffs will be 
bigger. — Peter Schiff (@PeterSchiff) November 22, 2025 Whale Moves And Major 
Sales Based on reports, whales and early wallets moved over 400,000 BTC in 
October, activity linked with large selling pressure. One early investor, Owen 
Gunden, reportedly liquidated his entire 11,000 BTC stake across October and 
November. High-profile retail figures also sold: Robert Kiyosaki announced a 
sale worth roughly $2.25 million, saying he bought when BTC was about $6,000 
and sold near $90,000, and that he plans to redeploy proceeds into income 
businesses. Analysts at Bitfinex point to two key drivers of the recent drop: 
long-term holder sales and leveraged liquidations in derivatives markets. When 
margin positions unwind, prices can cascade lower before the market finds 
support. ETF Flows And Retail Sentiment According to Bloomberg and fund 
filings, investors pulled nearly $1 billion from Bitcoin ETFs in a single 
session, the second-largest daily outflow among the group of 12 funds. 
BlackRock’s IBIT led with $355 million, while Grayscale’s GBTC and Fidelity’s 
FBTC each saw about $200 million leave. Over the past month, ETF products have 
recorded roughly $4 billion in net outflows. Citi Research figures cited by 
market watchers place every $1 billion withdrawn at roughly a 3.4% negative 
swing in Bitcoin’s price. Still, there was a counter-move: reports show ETFs 
posted $238 million of inflows yesterday, underlining how flows can reverse 
quickly. Related Reading: Kiyosaki Dumps Bitcoin At $90K After Predicting A 
$250K Moonshot – Here’s Why Schiff’s warning shows that Bitcoin can still be 
shaken when big holders sell. Even with some institutions buying, moving coins 
from long-term owners to casual investors could make future price drops bigger 
and faster. People watching the market will likely pay close attention to what 
these veteran holders do, because their actions could decide how steep the 
next crash might be. Featured image from Born Free Foundation, chart from 
TradingView

Bitcoin Veterans Cashing Out Could Trigger Deeper Losses, Schiff Claims

Metrics reveal that, for the first time since March, the global count of 
crypto automated teller machines (ATMs) has contracted. Even with this recent 
pullback, roughly 1,480 crypto ATMs have still been added since the year 
began. 403 Crypto ATMs Vanished Since October According to data compiled by 
the crypto ATM tracker coinatmradar.com, the global […]

Crypto ATM Count Slips for the First Time Since March

The tension erupted following news that Strategy and other crypto treasury 
companies would likely be excluded from major market indexes.

Strategy and Bitcoin supporters call for ‘boycott’ of JP Morgan

Welcome to Latam Insights, a compilation of the most relevant crypto news from 
Latin America over the past week. In this week’s edition, El Salvador buys 
nearly 1,100 BTC as prices plunge, Brazil implements new rules for 
cryptocurrency tax reporting, and the Argentine Congress releases a damning 
report on Libra. El Salvador Buys the Dip: […]

Latam Insights: El Salvador Buys the Dip, Brazil Tightens Crypto Tax Rules

After days of intense bearish action, the price of Bitcoin appears to be 
entering a calmer state, as it recovers above the $86,000 level. The latest 
on-chain data shows that several investors tried to take some profit in the 
past week, providing a basis for the premier cryptocurrency registering a 
double-digit loss. Bitcoin Exchange Inflow Spikes As Price Faces Downward 
Pressure In a recent post on the social media platform X, crypto analyst Ali 
Martinez revealed that significant Bitcoin amounts were sent to centralized 
exchanges in the past week. Data from Santiment shows that about $20,000 BTC 
(worth nearly $2 billion) has been moved to these exchanges in the past seven 
days. Related Reading: Risks To Crypto Market Ahead Of Key MSCI Ruling: Will 
It Spark A New Bitcoin Sell-Off? The relevant indicator in this on-chain 
observation is the Exchange Inflow metric, which tracks the volume of an asset 
(in this case, Bitcoin) that flows to centralized exchanges within a specified 
period. This metric is often important because one of the prominent exchanges’ 
service offerings is selling. Hence, an increase in the Exchange Inflow metric 
suggests the potential offloading of an asset by investors. The resulting 
increased supply of this cryptocurrency in the open market often adds downward 
pressure on the coin’s price, especially if there is no corresponding increase 
in demand. In a separate post on X, CryptoQuant’s head of research, Julio 
Moreno, shared a data piece supporting the recent spike in exchange inflows. 
According to data highlighted by the crypto researcher, the Bitcoin exchange 
inflows stood at about 81,000 BTC (the highest level seen since mid-July) on 
Friday, November 21. Ultimately, this recent spike in exchange inflows 
explains the volatility experienced by the price of Bitcoin on Friday. The 
flagship cryptocurrency succumbed to significant bearish pressure, seeing its 
price fall to just above $80,000 as the weekend approached. As of this 
writing, the price of BTC stands at around $86,070, reflecting an over 2% jump 
in the past 24 hours. Bitcoin In Profit-Taking Phase: CryptoQuant CEO 
CryptoQuant CEO Ki Young Ju revealed that Bitcoin is in a profit-taking phase, 
as evidenced by the rising exchange inflows. The crypto founder made this 
assertion based on the PnL Index Signal, which measures profit and loss levels 
using all wallets’ cost basis. With the current reading of the PnL Index 
Signal, Ju proclaimed that the classic cycle theory says that BTC is entering 
a bear market. According to the CryptoQuant CEO, only macro liquidity can 
override the profit-taking cycle—just as seen in 2020. Hence, all eyes will be 
on the Federal Open Market Committee (FOMC) meeting in December, especially 
with the falling expectations of an interest rate cut by the US Federal 
Reserve (Fed). Related Reading: XRP Price Has Surged 15% Anytime This Metric 
Appeared In The Past Featured image from iStock, chart from TradingView

Cryptocurrency price in VEF