Latest Crypto News and Market Updates – November 21

1. Bitcoin, Ethereum, and Solana extend their decline — fear dominates the market

BTC, ETH, and SOL all dropped sharply, with SOL holding up better than most. U.S. equities rose and then reversed into the red, pulling the crypto market down with them. NVIDIA stock also closed lower. On Polymarket, the probability of the Fed not cutting rates in December has increased to 66%.

2. Crypto Fear & Greed Index falls to 14 — extreme fear zone

Market sentiment has plunged to extreme fear at level 14. Historically, this zone often aligns with local bottoms, but the index is a lagging indicator — it reflects what has happened, not what will happen.

3. Jesse memecoin reaches $19 million market cap — concerns over 7.6% supply sniped

The $jesse token launched by Base co-founder Jesse has hit a $19M market cap. A key point of controversy: Base “scientists” managed to snipe 7.6% of the entire supply, raising questions about fairness and launch transparency.

4. SOL avoids new lows — boosted by Solana’s hints of “something big coming”

SOL has not set new lows in recent days, partly supported by Solana teasing major upcoming developments. Meanwhile, spot SOL ETFs have recorded 17 straight days of net inflows.

5. BlackRock’s IBIT ETF sees $1.782 billion in outflows this month

The IBIT Bitcoin ETF from BlackRock has experienced $1.782B in withdrawals so far this month. Analysts attribute this mainly to macro sentiment, investor behavior, and derivatives positioning — not just fundamentals.

6. Bitmine purchases an additional 17,242 ETH — now holds 3.56 million ETH

Bitmine has added another 17,242 ETH to its reserves and now holds 3.56M ETH, making it the second-largest institutional holder after Strategy. Observers say Tom Lee is “truly riding the tiger” at this stage.

7. Governments have seized nearly 200,000 BTC — fueling conspiracy-driven fear

From the Qian Zhimin case to the Prince Group case, governments worldwide have confiscated close to 200,000 BTC. Bearish theories suggest these large seizures are damaging confidence among investors and underground institutions.

8. Early bottom-callers take heavy losses — traders advised to avoid premature entries

Left-side traders who attempted early bottom-buying have suffered significant losses. Analyst Tran Que Lam commented: “There’s no need to front-run anymore. The downside has already played out. Wait for clear signals before entering.”

9. Chris Burniske warns: “The era of DAT selling has only just begun”

KOL Chris Burniske noted that heavy DAT selling is still in its early stages. Similar to previous explosive rallies, this phase may represent the mirror opposite — a drawn-out downward cycle.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.