Why Crypto Is Crashing So Hard Right Now – Structural Selloff and What Investors Should Watch
Why Crypto Is Crashing So Hard Right Now – Structural Selloff and What Investors Should Watch crypto & macro briefing 📘 Part 1. Why Is Crypto Crashing So Hard Right Now? — What the $1 Trillion Drawdown from $3T to $2T Really Means As of November 2025, sentiment around the crypto market has turned sharply colder once again. At the end of 2024, the total crypto market cap expanded to around $3 trillion, the largest in Bitcoin’s history. By November 2025, that figure has dropped to the low–$2 trillion range. In simple terms, more than $1 trillion (around ₩1,300 trillion) in market value has disappeared. (Source: CoinMarketCap Annual Market Review 2024–2025) This is not just a normal price swing. Liquidity tightening, tech-stock bubble unwind, ETF outflows, leverage washouts, long-term holder distribution— almost every ke...