Bitcoin Sinks Under $97K, Crypto Slumps, As Michael Burry Exits

Bitcoin slid under $97K and altcoins together with Ethereum, XRP, and Solana fell sharply after legendary investor Michael Burry shut down his hedge fund, heightening fears over inflated tech valuations.

The broad sell-off erased over $200 billion from the crypto market’s capitalization up to now day, with Bitcoin dropping greater than 6% to commerce at $96,988 as of three:10 a.m. EST, in accordance to CoinMarketCap.

BTC worth (Supply: CoinMarketCap)

Ethereum led losses amongst high altcoins, sliding 9%, whereas Solana and XRP declined 8% and seven%, respectively.

Boston Fed President Susan Collins added to market nervousness when she mentioned she sees ”a number of causes to have a comparatively excessive bar for extra easing within the close to time period.”

The CME Group’s FedWatch Instrument now exhibits a 49.6% likelihood of a charge reduce subsequent month, down from 2-to-1 only a few days in the past.

Burry Shutters Scion Asset Administration

Burry’s determination to deregister Scion Asset Administration with the US Securities and Change Fee heightened investor nervousness that his transfer indicators a broader pullback from overheated tech sectors.

“My estimation of worth in securities will not be now, and has not been for a while, in sync with the markets,” Burry mentioned in an Oct. 27 letter to shareholders.

Burry is greatest recognized for a prescient wager towards the US housing market earlier than it unraveled amid the 2008 international monetary crises. 

His exit follows elevated criticism of expertise heavyweights together with Nvidia and Palantir Applied sciences in latest weeks as he accused them of aggressive accounting to inflate earnings from investments. 

Burry mentioned in an X submit on Wednesday that he was shifting “on to a lot better issues.” 

So, I purchased 50,000 of this stuff for $1.84.
Every of these issues is 100 doodads.
So I spent $9,200,000,

Not $912,000,000. @CNBC @WSJ @FT

Every of these doodads let me promote $PLTR at $50 in 2027.

That was executed final month.
On to a lot better issues Nov twenty fifth. pic.twitter.com/9Voy3nwiTD

— Cassandra Unchained (@michaeljburry) November 13, 2025

$1 Billion Flows Out Of BTC And ETH ETFs

Outflows from US spot Bitcoin and Ethereum ETFs (exchange-traded funds) totaled greater than $1 billion yesterday, underscoring weakening institutional sentiment.

Information from Farside buyers exhibits $866.7 million flowed out of US spot BTC ETFs. Nearly the entire Bitcoin funding merchandise noticed damaging internet each day flows on the day. Solely Valkyrie’s BRRR and WisdomTree’s BTCW recorded no new flows within the buying and selling session.

Grayscale’s BTC fund posted the biggest outflow of $318.2 million. 

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-11-13

TOTAL NET FLOW: -866.7

IBIT: -256.6
FBTC: -119.9
BITB: -47
ARKB: -15.7
BTCO: -30.8
EZBC: -5.7
BRRR: 0
HODL: -8.3
BTCW: 0
GBTC: -64.5
BTC: -318.2

For all the information & disclaimers go to:https://t.co/Wg6Qpn0Pqw

— Farside Traders (@FarsideUK) November 14, 2025

US spot ETH ETFs noticed file outflows of $259.6 million with BlackRock’s ETHA, Constancy’s FETH, Invesco’s QETH, and each of Grayscale’s merchandise recording losses.

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