Back to today’s briefing

Story perspectives

Liquidity Crisis: Bitcoin Drops 23% Amid Market Pressures

11/25/2025

33 7 Full Breakdown

Summary

Story summary

Liquidity-driven selling pressure is weighing on equity and cryptocurrency markets.
Overnight funding stress has reduced available liquidity by about $2 trillion since 2021.
A heavier settlement calendar and increased Treasury issuance may continue to weigh on risk assets.
Bitcoin has fallen 23% this month, with the next Federal Reserve meeting in mid-December potentially influencing dynamics.
The reverse repo facility has been drained.

1 of 1

Story summary

Liquidity-driven selling pressure is weighing on equity and cryptocurrency markets.
Overnight funding stress has reduced available liquidity by about $2 trillion since 2021.
A heavier settlement calendar and increased Treasury issuance may continue to weigh on risk assets.
Bitcoin has fallen 23% this month, with the next Federal Reserve meeting in mid-December potentially influencing dynamics.
The reverse repo facility has been drained.