Whale Dump Meets Quantum Panic: Bitcoin Slips to $86,000 and Blows $220 Million Longs
Bitcoin dropped below $87,000 due to quantum security fears and a massive whale sell-off, liquidating $220 million in long positions.Summary
Bitcoin fell below $87,000 on November 20, 2025, driven by two major factors: renewed fears over quantum computing vulnerability and a significant capitulation by a long-term whale. Billionaire Ray Dalio reignited concerns about Bitcoin's cryptographic security against future quantum advances, though analysts countered that Bitcoin's SHA-256 is more robust than the RSA standard used by banks. Simultaneously, early adopter Owen Gunden sold his entire 11,000 BTC holding, valued at $1.3 billion, injecting supply into the market. This dual pressure triggered a massive liquidation cascade, blowing out nearly $220 million in leveraged long positions across exchanges. Despite the panic and volatility, US Bitcoin ETFs saw $75 million in net inflows, suggesting some institutional players viewed the dip as a buying opportunity, contrasting with retail fear.
(Source：BeInCrypto)