Bitcoin’s Wild Ride: $1B Dumped, Turkey Day Deal Can’t Save It 🦃💸

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So, here we are again, folks. Bitcoin decides to take a nosedive on a Sunday afternoon, because why not? 🌪️ It was all calm and collected for a day and a half, but then it said, “Nah, let’s spice things up.” Despite some supposedly “bullish” news about the US-China trade deal, BTC is like, “I’ll pass.” 🥱

And what’s the cherry on top? Oh, just a cool $1 billion worth of BTC hitting exchanges in the last 72 hours. 🤑 Yeah, you read that right. Investors are dumping their coins like they’re hot potatoes. Or maybe they’re just really into Black Friday sales already? 🤔

More than 10,000 Bitcoin $BTC, almost $1 billion, have hit crypto exchanges in the past 72 hours! 🚨

– Ali (@ali_charts) November 16, 2025

Of course, when you see that kind of movement, you know what’s coming next: a sell-off. Because, let’s be real, who keeps their BTC on exchanges unless they’re ready to say, “Adios, muchachos!”? So, yeah, the selling pressure is through the roof, and the market’s crashing harder than my New Year’s resolutions. 📉

Bitcoin’s price? Oh, it’s been on a rollercoaster. Earlier today, it was flirting with $97,000, but now it’s down to $94,000. That’s right, it’s testing that crucial support level for the second time since Friday. Because why not give it another go? 🎢

Since Tuesday morning, when it peaked above $107,000, BTC has plunged by $13,000. Momentum? Bearish. Sentiment? Bearish. Fear and Greed Index? Plummeting to a 9-month low. It’s like the crypto world is having an existential crisis. 😢

And then there’s Scott Bessent, the US Treasury Secretary, trying to save the day with his Thanksgiving trade deal optimism. 🦃 But even that couldn’t stop BTC’s freefall. Bessent’s like, “Hey, China’s gonna honor the deal, trust me!” But Bitcoin’s like, “I don’t care, I’m out.” 🚪

BESSENT TARGETS THANKSGIVING FOR CHINA TRADE DEAL 🍗

U.S. Treasury Secretary Scott Bessent said the Trump administration aims to complete its trade agreement with China by Thanksgiving (November 27). Speaking to Fox News, he dismissed a Wall Street Journal report as inaccurate,…

– *Walter Bloomberg (@DeItaone) November 16, 2025

So, here we are, folks. Bitcoin’s down, investors are panicking, and even a potential trade deal can’t save the day. What a time to be alive. Or not. 🤷‍♂️

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2025-11-16 20:00