Bitcoin Bear Market Confirmed? Expert Predicts Price Target Of $40,000 By Late 2026

Castries, Saint Lucia, November 21st, 2025, Chainwire

PrimeXBT, a leading crypto and CFD broker, has expanded its infrastructure with the addition of the Solana network. This major update enhances transaction speed, reduces costs, and increases flexibility across the platform, significantly broadening PrimeXBT’s crypto capabilities.

The integration of the Solana network into PrimeXBT’s payments and wallet systems enables users to deposit and withdraw USDT and USDC nearly instantly and at very low network costs. Solana transactions typically settle in under two seconds and carry significantly lower fees than Ethereum, helping users save money as PrimeXBT charges zero fees on all deposits and withdrawals. 

According to PrimeXBT, this integration aligns with its goal to make digital finance more accessible and efficient. By expanding connectivity across leading blockchains, the broker opens the door to new opportunities for traders worldwide.

Solana has become one of the most active blockchain ecosystems, with a wide range of tokens gaining traction across DeFi, gaming, memecoins, and more. Many of these Solana-related assets are also available on PrimeXBT as Crypto CFDs and Crypto Futures, allowing traders to follow market movements.

Through continuous innovation, PrimeXBT enhances flexibility and performance for its growing global community of traders, empowering them to succeed and shaping a more connected future for digital finance.

More details are available on the official PrimeXBT website.

About PrimeXBT

PrimeXBT is a global multi-asset broker trusted by over 1,000,000 traders in 150+ countries, offering a next-generation trading experience that bridges traditional and digital finance. Clients can trade CFDs on Shares, Indices, Commodities and Crypto, as well as Crypto Futures and Forex. PrimeXBT also enables clients to buy and sell cryptocurrencies, store them in secure built-in wallets, and instantly exchange crypto to crypto or fiat to crypto, all within one integrated environment. Since 2018, PrimeXBT has made investing more accessible by lowering barriers to entry and providing secure, easy access to financial markets. This accessibility extends across its native web and mobile platforms, MetaTrader 5, and a variety of funding options in crypto, fiat, and local payment methods. Committed to putting clients first, PrimeXBT empowers traders of all levels with innovative tools and industry-leading conditions, delivering a better way to trade.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Contact

PrimeXBT

pr@primexbt.com

Spot bitcoin exchange-traded funds in the U.S. posted their second-largest daily outflow since their inception.

According to data from SoSoValue, the bitcoin funds reported a total daily net outflow of $903.11 million on Thursday, led by outflows from eight ETFs.

BlackRock's IBIT, the largest spot bitcoin ETF in terms of net assets, saw $355.5 million in net outflows, while Grayscale's GBTC saw $199.35 million in outflows. Fidelity's FBTC saw $190.4 million leave the fund, alongside outflows from Bitwise, Ark & 21Shares, VanEck and Franklin Templeton's fund.

Thursday's total net outflows is the highest amount since Feb. 25, when President Donald Trump's surprise announcement of new trade tariffs triggered a massive sell-off across equity and crypto markets.

"[This is] a big sentiment shift from steady inflows earlier this month," said Rachael Lucas, crypto analyst at BTC Markets. "And it’s not just crypto bleeding, Nvidia’s accounts receivable spike spooked equity markets, triggering a broader risk-off move. When tech giants wobble, liquidity tightens everywhere, and Bitcoin feels the pinch."

Nvidia, the world’s most valuable chipmaker, delivered a 62% year-over-year growth in revenue in its Q3 report on Wednesday, sending stock prices initially higher. However, concerns grew among equity traders as detailed reports revealed that accounts receivable had surged to $33.4 billion — with a significant share concentrated in just four unnamed customers — raising fears of delayed payments and softening demand from large-cap clients. Nvidia closed down 3.15% on Thursday at $180.64.

Alongside Nvidia, the S&P 500 fell 1.56% and the Nasdaq Composite dipped 2.15% on Thursday. Crypto stocks saw steeper losses — Coinbase lost 7.44%, BitMine dropped 10.83%, Strategy fell 5%. Bitcoin continued to fall on Thursday under $86,000, as the recently released U.S. employment data further clouded optimism for an interest rate cut in December, adding more pressure to crypto traders.

"But here’s the nuance: cumulative ETF inflows still sit at $57.4B, and total net assets are $113B, about 6.5% of Bitcoin’s market cap," Lucas said. "Institutions haven’t abandoned ship; they’re just trimming sails. Extreme fear often precedes opportunity, but timing is everything."

Meanwhile, spot Ethereum ETFs also saw a total daily net outflow of $261.6 million across five funds.

Newly launched altcoin ETFs continued to draw inflows. Notably, Bitwise's XRP fund reported $105 million in inflows on launch day. Spot Solana ETFs saw a total of $23.66 million in positive flows across funds from Bitwise, 21Shares and Fidelity. Canary Capital's HBAR ETF reported $747,370 in inflows, while the firm's Litecoin fund saw zero flows for the day.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0741 GMT - Bitcoin falls to a seven-month low after declines in U.S. stocks overnight on renewed concerns over an AI bubble. Nvidia's shares handed back gains Thursday, leading other tech stocks lower, after its earnings only briefly allayed worries over heavy spending in AI. "Adding to the negative backdrop for crypto were lingering questions over the crypto market structure bill that's being worked on in Congress," Deutsche Bank analysts say in a note. With bitcoin now more than 30% below its peak, there are worries about further forced selling as retail investors might need to liquidate other assets to meet margin calls, they say. Bitcoin falls 2.5% to a low of $82,032, LSEG data show. (renae.dyer@wsj.com)

0703 GMT - Singapore's external demand is expected to remain robust through 2026, driven by sustained strength in manufacturing and trade-related sectors, says Barnabas Gan, group chief economist and head of market research at RHB Bank, in a report. Manufacturing performance will likely benefit from expanding electronic and non-electronic exports, spillover effects from the global electronics upcycle and firm regional demand. "External trade should remain a key growth engine, underpinned by structural shifts toward deeper intra-Asian linkages," Gan says. RHB raises its 2026 growth forecast for Singapore to 3.0% from 2.6% previously. (amanda.lee@wsj.com)

0700 GMT - ​It is too early to be confident about the Federal Reserve's path in 2026 and while "some amount" of easing is expected, money market funds are likely to cope with that well, Federated Hermes' Deborah Cunningham says in a note. "But we believe money market funds will remain attractive to investors," the CIO for global liquidity markets says. Most money fund portfolios hold securities of different maturities bought with the higher rates available before a given Fed cut, she says. This in turn typically causes yields of these portfolios to decline slower than those found in the direct market, she says. (emese.bartha@wsj.com)

0652 GMT - Generous energy subsidies in Japan's large supplementary budget could push inflation below 2% early next year, but the looser fiscal policy builds the case for rate hikes, says Capital Economics. Subsidies would slash energy's contribution to headline inflation, pushing it below the BOJ's target, writes Marcel Thieliant. But he reckons the BOJ will look past that and focus on the inflationary consequences of fiscal expansion. The supplementary budget implies a sizeable fiscal loosening of 1.1% of GDP, and initial requests for the coming fiscal year's regular budget foresees an unusually large 5.6% increase in spending. With the latest CPI print showing inflation ex-fresh food and energy above 3% and Gov. Ueda's warning about the inflationary consequences of recent yen weakness, the BOJ won't wait much longer. (fabiana.negrinochoa@wsj.com)

0648 GMT - U.S. Treasury yields decline, extending Thursday's moves in the wake of mixed signals from the delayed September jobs report. "The September jobs data was better than expected, potentially reinforcing fears that the Fed is hawkish," Global X's Scott Helfstein says in a note. "We continue to believe that is overdone, and the Fed is concerned about the labor market amid slowing inflation," the ETF firm's head of investment strategy says. Money markets price in 27% probability of a 25-basis-point interest-rate cut at the Fed's December policy meeting, according to LSEG. In Asian afternoon trade, the two- and 10-year Treasury yields are down 1 basis point at 3.546% and 4.093%, respectively, according to Tradeweb. (emese.bartha@wsj.com)

0644 GMT - Singapore's consumer-price index likely rose 0.9% on year in October, according to the median estimate of six economists polled by The Wall Street Journal. That would be higher than September's 0.7% increase. Inflation likely accelerated partly due to base effects, ANZ Asia economist Krystal Tan writes in a report. Headline inflation was also likely driven by higher prices for car certificates of entitlement in the last 12 months, Tan says. Core CPI, which excludes private road transport and accommodation, likely rose 0.5%, accelerating from the 0.4% increase in September, according to five polled economists. The CPI data are due Monday. (amanda.lee@wsj.com)

0629 GMT - ​U.S. Treasurys are expected to once again outperform in 2026, with the 10-year Treasury yield falling by another 50 basis points over the course of the year, TD Securities' rates strategists say in a note. "In some respects, 2026 is shaping up as a continuation of 2025-we look for Treasurys to once again​ outperform,​" they say. Correlations between global rates and U.S. are still quite strong, so falling U​.S​. yields will help to keep a​ lid on term borrowing rates elsewhere​, they say. TD Securities expects 10-year Treasury yields to finish 2026 at 3.50%, "notably below consensus and forward expectations." The 10-year Treasury yield is down 1.2 basis points to 4.091%, according to Tradeweb. (emese.bartha@wsj.com)

0614 GMT - SEB Research continues to expect the 10-year U.S. Treasury yield to fall to 3.90% in the first quarter of 2026, but acknowledges challenges for it to decline, says chief strategist Jussi Hiljanen in a note. "For it to reach our 3.90% target in Q1, markets need to regain confidence in rate cuts," he says. Recent hawkish Fed comments add to near-term uncertainty, but a pivot to softer Fed pricing and lower yields in the next three to four months remains SEB Research's base case with upside risks, he says. The 10-year U.S. Treasury yield is down 1.4 basis points to 4.089% in Asian trading hours, according to Tradeweb. (emese.bartha@wsj.com)

0613 GMT - Singapore's manufacturing and trade-related sectors will likely be bright spots for the economy in 4Q, given surging demand from the current artificial-intelligence boom, Maybank economists write in a report. The finance and insurance sector's growth is expected to remain robust, as falling interest rates and a buoyant equity market should support a pickup in loan growth and wealth management fees. Rising digitalization and AI adoption are expected to support information and communications services activity, the economists say. Maybank raises its 2025 growth forecast for Singapore to 4.1% from 4.0% previously. (amanda.lee@wsj.com)

0500 GMT - The Reserve Bank of Australia continues to equivocate about the outlook for interest rates, given uncertainty over the extent of spare capacity in the economy, says Abhijit Surya, an economist at Capital Economics. However, with wage pressures showing signs of easing and firms reporting softer growth in output prices, Surya still expects disinflation to take hold in the months ahead. As a result, he's sticking with the view that the RBA isn't done cutting interest rates, and will resume its easing cycle late next year. (james.glynn@wsj.com; @JamesGlynnWSJ)

0332 GMT - The performance of Singapore's export-oriented manufacturing sector seems set to moderate next year despite robust performance over 1Q-3Q, says DBS senior economist Chua Han Teng in a report. The electronics segment has been resilient, supported by U.S. tariff exemptions on electronics imports, as well as solid AI-related demand. However, the current electronics upcycle, which has seen a period of strong growth, could stabilize eventually. This would occur if the AI boom somewhat wanes and threatened U.S. semiconductor tariffs come into effect. (amanda.lee@wsj.com)

0304 GMT - The Malaysian ringgit may trade around 4.14-4.16 against the U.S. dollar next week, Kenanga economists say in a note. Despite strong September payroll gains and a more hawkish Fed tone, they maintain their medium-term call for three Fed cuts over the next year. They expect signs of U.S. weakness to become clearer in mid-December, once fresh labor-market data are released. Domestically, steady bond inflows, export-earnings repatriation and a stable macro backdrop should keep the ringgit relatively firm into the year-end, they say. Kenanga expects USD/MYR to face resistance at 4.16 and support at 4.14 in the short term. USD/MYR is 0.3% lower at 4.1446. (yingxian.wong@wsj.com)

The crypto market today was swept into a sharp selloff ahead of Black Friday, as global risk aversion surged. Thereby, leading to billions being wiped from the industry’s valuation in a matter of hours. 

From Bitcoin and Ethereum to sector indices, almost every corner of the crypto ecosystem turned negative. This led to panic signals from traditional equity markets and a dramatic collapse in investor sentiment. Amid collapsing support levels and forced liquidations, traders are left navigating one of the year’s steepest downturns.

Black Friday Panic Spills Over?

Much of today’s turmoil can be traced to a sudden macro risk-off wave that started in equities. This is with the S&P 500 plunging 4% and wiping out $2.7 trillion in market value. With cryptocurrencies holding a relatively high 0.85 correlation to the Nasdaq, the rout in stocks sent shockwaves across digital assets too. 

Further fanning the flames, the probability of a US Federal Reserve rate cut in December nosedived from 93% just a month ago to only 35% now. This environment has pushed the crypto Fear & Greed Index to just 11, an “Extreme Fear” reading.​

Market Metrics: Signs You Cannot Ignore

• Total crypto market cap fell by 6.31% to $2.95 trillion.
• The CMC 20 index mirrored the slide, off 6.91% to $182.8.
• The average crypto RSI now sits at 38.88, signaling broadly oversold momentum.
• The Altcoin Season Index by CoinMarketCap prints 27/100, confirming BTC-led dominance.​

Bloodbath for BTC, ETH, and XRP

Bitcoin endured one of its worst single-day losses in months, plunging 7% in 24 hours to $86,119.39 and 11.6% for the week. Key supports were shattered, bringing on $829 million in liquidations as bearish sentiment and record whale selling overwhelmed demand. Notably, long-dormant BTC wallets suddenly deposited tens of thousands of coins to exchanges, a classic capitulation signal.

Ethereum price mirrored the carnage, falling 7.94% to $2798.77 in 24 hours and losing grip on the crucial $3,000 mark. Over $20 billion in liquidations since October has drained liquidity and hammered confidence.

XRP wasn’t spared either. It dropped 7.73% to $1.97, as 200 million XRP worth $404 million was dumped onto the market within 48 hours. The token breached its critical $2.04 pivot and sank even as Bitwise’s XRP ETF saw lackluster debut activity, closing 7% lower with $22 million in volume.

Altcoins Widespread Pain

The crash was not limited to blue chips. Canton, Near Protocol, Starknet, and Toncoin ranked among the day’s worst performers, with losses ranging from 10% to nearly 17%. Successively, DeFi, GameFi, and SocialFi sectors fell between 3.1% and 3.9% apiece, as risk aversion punched through even generally resilient corners of the crypto ecosystem. 

Liquidations: Leverage Unwinds and Forced Sales

Arguably, the most telling datapoint of today’s crash was the $829 million in crypto liquidations, the highest since October’s $20 billion deleveraging wave. As per CoinGlass, over 249,800 traders saw positions wiped out as cascades of forced sales aggravated the selloff, particularly in Bitcoin and Ethereum, which accounted for the lion’s share of liquidations. 

Within 48 hours, whale wallets holding 1,000,000-10,000,000 XRP unloaded 200 million XRP worth about $400 million, as per Santiment. Amid this, order books across Binance and Coinbase show the same pattern: new supply entered the market faster than demand could absorb it.

The heavy distribution from large XRP holders is not happening in isolation. Across the crypto market, the constant sell pressure has not come from large-scale fund offloading. 

Rather, it has come from small wallets and short-term traders reducing exposure after weeks of persistent weakness. These accounts, which are usually the last to capitulate, have been supplying Bitcoin, Ethereum and XRP. 

Their individual flows are not enormous, but collectively, they create the kind of background pressure that drags charts lower without any headline event. In that environment, a $400 million XRP offload lands on an already tired market. 

However, the behavior of smaller holders also matters. Once they exhaust their selling, additional downside typically requires a new wave of supply. 

What's next for XRP?

If large holders do not follow through with another selling wave, the pressure will eventually dry out, and the price will often settle into a slower, more stable phase simply because the most reactive group has already sold.

For now, the immediate effect is clear: XRP faces a supply-heavy structure worth hundreds of millions of tokens and dollars. But what determines the next phase is not retail fatigue; it is whether another group of large holders adds to the 200 million XRP that has already hit the market.

The crypto market today shows a sharp decline across major cryptocurrencies, with Bitcoin, Ethereum, and several altcoins dropping steadily over the past few weeks. Investors are searching for clear answers on why the market is falling, and experts now point to a mix of technical failures inside trading systems and ongoing pressures from the broader financial environment.

What Triggered the Crypto Market Crash?

The crypto crash began on October 10th, when a massive sell-off prompted traders to liquidate their positions. This sudden drop, known as a leverage flush-out, pushed prices down quickly across major cryptocurrencies. 

Market makers, who provide liquidity and help match buyers and sellers in crypto markets, were hit hard. With less money to operate, they had to reduce trading and sell more assets, making the market decline even worse.

A Software Bug Caused Chaos

Crypto expert Tom Lee says a software bug made the October 10th crash much worse. A stablecoin called Athena USDE on Binance, which is supposed to always stay at $1, briefly dropped to $0.65. 

This caused automatic selling across millions of accounts, wiping out positions that had been profitable just minutes earlier. Lee emphasized that the problem was not with Bitcoin, Ethereum, or other blockchain networks themselves. 

He compared the event to past financial crashes where automatic systems triggered a chain reaction. According to Lee, this mini black swan event could actually be a buying opportunity for long-term investors.

Macro Factors and Market Pressure

Austin Arnold from Altcoin Daily explained that broader market pressures also played a role. Concerns about AI overvaluation, reduced liquidity due to government shutdowns, and general uncertainty in financial markets caused investors to sell, pushing prices down further.

Despite the recent drop, Arnold says Bitcoin remains fundamentally strong. Its adoption continues to grow, and its limited supply makes it a reliable long-term asset. He described this dip as a generational buying opportunity and compared it to the early days of the internet in 1996, when regulation helped legitimize growth.

Are We in a Bear Market?

Currently, Bitcoin Price is trading between $70,000 and $100,000, which experts say shows typical bear market behavior prices staying low or moving sideways for an extended period. Technical analysis shows that if BTC price continues to fall, the 200-week moving average near $55,000 to $60,000 could act as a safety floor.

When Will the Crypto Market Go Back Up?

Experts believe a market reversal could come from several key factors. Upcoming regulation, like the Market Structure Bill, is expected to provide clarity and stability. Stablecoins are gaining adoption from big financial institutions, including JP Morgan, Citibank, Mastercard, and Visa, which increases market liquidity. Additionally, governments and central banks in countries like Luxembourg and the Czech Republic are investing in Bitcoin, showing long-term confidence.

FAQs

The market is crashing due to heavy leverage unwinding, a trading-system bug, and broader economic pressures causing fear-driven sell-offs.

Experts say the drop may offer value for long-term investors as fundamentals like adoption and supply strength remain intact.

A rebound may come as regulations improve clarity, stablecoin adoption grows, and institutions continue investing in Bitcoin.