Bitcoin Daredevils Leave Market on Edge as Levered Bets Misfire

Published on November 20, 2025

After peaking at just over $126,000 in early October, Bitcoin has dropped 30% — breaking through key thresholds, spooking ETF investors, and rattling holders big and small. One group in particular remains exposed: traders who bet on a rebound — and now find themselves underwater while paying for it.

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