Crypto Market Update: Bitcoin Price Slide Continues, ETFs Record Third Week of Redemptions

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$91,908.72, a 2.4 percent decrease in 24 hours. Its lowest valuation of the day was US$91,337.98, while its highest was US$95,399.48.

Bitcoin price performance, November 17, 2025.

Chart via TradingView.

Bitcoin’s weekend slide reset market sentiment to “extreme fear,” extending a drawdown that has erased more than US$600 billion from the cryptocurrency’s market value since a record seen in October.

The speed of the retreat has unsettled even longtime traders, especially after Bitcoin spent much of the year buoyed by Wall Street inflows, exchange-traded fund (ETF) demand and renewed political support in the US.

SchiffGold founder Peter Schiff urged investors on X to “sell Bitcoin now and buy gold before you get mauled,’ noting gold’s rally above US$4,100 per ounce in early Asian trading, while Bitcoin was “struggling to hold US$93,000.”

Adding to the unease, Bitcoin’s futures-to-spot basis flipped negative on Monday, meaning futures prices fell below spot for the first time since March. The shift signals traders’ growing caution and a reluctance to deploy leverage.

However, some analysts contend that Bitcoin’s price dip is a structural reset, not a bearish collapse, caused by leverage, liquidity rotation and mechanical market flows.

Meanwhile, Ether (ETH) was priced at US$3,001.94, a 3 percent decrease in the last 24 hours. Its lowest valuation of the day was US$2,960.75, while its highest was US$3,190.38.

Altcoin price update

• Solana (SOL) was priced at US$130.22, trading 4.9 percent lower over the last 24 hours. Its lowest valuation of the day was US$129.33, while its highest was US$141.45.

• XRP was trading for US$2.14, down by 3.1 percent over the last 24 hours. Its lowest valuation of the day was US$2.12, while its highest was US$2.28.

Crypto derivatives and market indicators

Monday’s crypto market performance reveals continued pressure and cautious investor sentiment.

Bitcoin futures open interest has declined slightly by 0.06 percent, to US$66.06 billion, in the last four hours of trading, while Ether experienced a sharper 0.98 percent pullback to US$37.13 billion. This contraction in open interest suggests some unwinding or de-risking among derivatives traders heading into the close of the trading day.

Investor losses were concentrated primarily in long futures positions, with Bitcoin losing approximately US$177.57 million and Ether around US$63.4 million over the same period. The dominance of losses on the long side indicates selling pressure or profit taking amid a bearish or cautious market tone.

Funding rates remained positive but modest, with Bitcoin at 0.009 and Ether at 0.007, signaling ongoing but restrained demand for leverage on the long side without extreme bullishness.

Meanwhile, Bitcoin’s relative strength index (RSI) sits at 30.66, nearing oversold territory, which aligns with technical signals of weakening momentum, but also hints at a potential near-term rebound or consolidation.

Overall, Monday’s derivatives data underscores cautiously bearish sentiment with selective de-risking by Bitcoin and Ether futures holders, particularly longs, amid continued price pressure.

The low RSI for Bitcoin and contracting open interest reflect potential market fatigue, while still-positive funding rates imply some continued belief in price recovery or stability ahead.

Today’s crypto news to know

US spot Bitcoin ETFs log US$1.11 billion in outflows

US spot Bitcoin ETFs recorded a third straight week of redemptions, with investors pulling roughly US$1.11 billion from November 10 to 14. The iShares Bitcoin Trust ETF (NASDAQ:IBIT) accounted for the largest share, shedding more than half a billion dollars in net outflows. The Grayscale Bitcoin Mini Trust ETF (ARCA:BTC) also saw heavy withdrawals as investors exercised caution despite its large historical asset base.

The continued drawdowns pushed total spot Bitcoin ETF assets to around US$125 billion, representing just under 7 percent of Bitcoin’s market capitalization. Rising political and macro uncertainty has dampened demand for cryptocurrencies, particularly after concerns surrounding a potential US tariff plan.

CZ floats plan to reinvest any returned portion of US$4.3 billion Binance fine

Former Binance CEO Changpeng Zhao has signaled that if the US government ever refunds any part of a US$4.3 billion settlement paid by Binance, he will direct the money back into American industries.

Zhao, who is commonly known as CZ, made the remark on X after public discussion about whether Zhao’s pardon from the Trump administration will affect the status of corporate financial penalties. He clarified that he has not asked for any reimbursement and acknowledged that expecting a refund would be unrealistic.

Legal analysts note that his personal pardon does not automatically void Binance’s corporate settlement, which stemmed from anti-money laundering and sanctions failures. The pardon has also generated accusations of impropriety, including claims of hidden crypto payments to the Trump campaign.

Figment launches new stablecoin staking project

Figment, an independent blockchain staking provider, announced the launch of OpenTrade Stablecoin Staking Yield, a new product offering an average 15 percent APR on stablecoins.

According to a Monday press release, the new product, launched in partnership with OpenTrade and custodian Crypto.com, uses SOL staking combined with hedging through perpetual futures contracts to protect investors from the price volatility of SOL, delivering returns more than double typical staking yields.

The assets are held in segregated custody with legal protections and institutional-grade security, addressing risks common in DeFi lending. Investors can deposit stablecoins through Figment’s platform, start earning interest immediately and withdraw anytime. The company says the product offers institutions a safer, predictable way to earn high stablecoin yields, blending blockchain rewards with traditional financial protections.

Cboe to launch continuous Bitcoin and Ether futures contracts

Cboe Global Markets is set to launch continuous futures contracts for Bitcoin and Ether on December 15, according to a Monday press release, bringing regulated, perpetual-style crypto futures to the US market.

These 10 year contracts will feature daily cash adjustments to mimic the economics of perpetual futures, allowing traders to avoid the hassle of rolling over expiring positions.

Cleared through Cboe, with margin rules aligned to Commodity Futures Trading Commission standards, these contracts will offer tools like volatility hedging, capital efficiency, tactical trading and short exposure. Pending regulatory approval, the new contracts will trade nearly around the clock, five days a week.

New report flags billions in illicit crypto flows

A new investigative report from the International Consortium of Investigative Journalists claims that major exchanges continued handling funds linked to organized crime even while under heightened US scrutiny.

The review of transaction records between 2023 and 2025 found that platforms such as Binance and OKX processed large volumes of transfers tied to scam networks, drug-trafficking groups and state-backed hacking operations.

Binance allegedly received more than US$400 million from accounts connected to Huione Group, a Cambodia-based hub widely used by Chinese criminal gangs. Meanwhile, OKX was linked to over US$200 million from the same network, including flows that continued after Huione was labeled a primary money-laundering concern by US authorities.

The report also traces stolen funds from a US$1.5 billion North Korean hacking spree, identifying surges of deposits into Binance addresses routed through THORChain. Additional cases tied some exchanges to fentanyl traffickers, cartel-linked launderers and entities supporting North Korea’s weapons program.