Bitcoin Plunges Over 9% in a Day: Nearly

Bitcoin Plunges Over 9% in a Day: Nearly 400,000 Traders Liquidated as Crypto Market Crashes

 

On November 21st, the cryptocurrency market was hit by another "panic moment" — Bitcoin's single-day decline widened sharply, briefly dropping below the $82,000 mark intraday to a low of $81,111, its weakest level since April 7th. The world's largest crypto shed over $11,000 in 24 hours; by press time, it had recovered slightly to $83,973, but still posted a loss of more than 9%.

 

This price "plunge" came with a brutal liquidation wave: nearly 400,000 traders were wiped out. Trading data shows that the 24-hour turnover of Bitcoin perpetual contracts on Binance exceeded $30 billion, a clear sign of market panic.

 

While high volatility is par for the course in crypto, this crash still caught many investors off guard — Bitcoin had surged above $120,000 earlier this year, and is now down nearly a third from that peak. For retail investors, crypto's lack of regulation and extreme price swings cement its status as a "high-risk game." This latest plunge may serve as a stark warning.