As per Coinotag, Bitcoin fell 5% in 24 hours to around $86,800 in November 2025 amid concerns over Tether’s stability and potential Bitcoin sales from major holders like MicroStrategy. The drop triggered $637 million in liquidations, with $568 million from long positions, per CoinGlass data. MicroStrategy CEO Phong Le’s remarks on a Friday podcast about possibly selling Bitcoin to fund dividend payments fueled market anxiety. Tether’s reserves also came under scrutiny, with BitMEX co-founder Arthur Hayes warning that a 30% decline in Bitcoin and gold prices could wipe out Tether’s equity. China’s central bank reiterated that cryptocurrency activities remain illegal, adding to bearish sentiment.
Bitcoin Drops 5% Amid Tether Stability Fears and MicroStrategy Sell Comments
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