Bitcoin, Ethereum, XRP Have Wiped Out $1.1 Trillion Since BTC Hit $126,000
Posted On November 17, 2025
Bitcoin (CRYPTO: BTC) is down 30% from its all-time high, but the nature of the decline points to a structural, mechanical breakdown rather than a deterioration in fundamentals.
A $1.1 Trillion Market Collapse
In a detailed X post, market commentator The Kobeissi Letter noted that the crypto market has erased roughly $1.1 trillion in value over the last 41 days, averaging a staggering –$27 billion per day. Prices now sit 10% below the levels seen during the historic Oct. 10 liquidation flush.
The slide began with heavy institutional outflows in late October, followed by another $1.2 billion in crypto fund redemptions …
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