The cryptocurrency market lost over $1.3 trillion in value by November 2025. Bitcoin dropped from $126,000 to below $85,000 in a few weeks. 

But how does this compare to the FTX-driven meltdown of 2022, which shook the foundation of the digital asset space?

Market Cap Losses and Price Drawdowns

Market analysts now debate whether this year’s sharp reversal is more damaging than the industry-wide collapse triggered by FTX’s bankruptcy three years ago. 

On paper, this month’s sell-off is massive. In practice, it’s more of a sharp correction than a systemic crisis.

Bitcoin's weekly RSI just hit levels lower than the FTX collapse and the covid crash.

Does that mean the bottom is near?

h/t @Sykodelic_ @gammichan pic.twitter.com/wL4vfJkunH

— Lark Davis (@TheCryptoLark) November 24, 2025

Between October and November 2025, crypto’s total market cap dropped about 30%, falling from a record $4.2 trillion to under $3 trillion. Bitcoin shed nearly 32% in value, while Ethereum lost over 40%.

However, these numbers don’t match the scale of 2022. 

After FTX’s implosion, the market plunged 73% from its 2021 highs. Bitcoin bottomed out at $15,500, losing over three-quarters of its value. Ethereum fell more than 80% to below $900.

Liquidations and Trading Behavior

Liquidations in 2025 surpassed previous records. In October, over $19 billion in leveraged crypto positions were wiped out in a single day. That’s nearly ten times more than the worst day during the 2022 crash.

Yet, in 2022, traders also faced systemic shocks. The failure of FTX, Celsius, Voyager, and 3AC triggered a cascade of margin calls and frozen funds. 

Although 2025 saw more liquidations, the impact was largely confined to price volatility and didn’t trigger platform-wide insolvencies.

165,000 Bitcoin taken off Coinbase over the weekend!
Cause TBD. But the last comparable plunge was just after FTX collapsed. Bitcoin was $16K pic.twitter.com/W3DQWDkzht

— Charles Edwards (@caprioleio) November 24, 2025

Institutional and Public Market Impact

The FTX collapse shattered trust across the industry. Core Scientific filed for bankruptcy. Crypto lenders vanished. Public companies like MicroStrategy and Coinbase lost over 80% of their stock value.

By contrast, the latest crypto crash has seen no major bankruptcies among listed firms. ETFs did suffer record outflows—over $3.7 billion since October. But they remained functional. 

Companies like MicroStrategy even added to their holdings, signaling confidence rather than crisis.

Sentiment and Macro Backdrop

Both periods triggered extreme fear. In November 2025, sentiment indices dropped to their lowest levels in a year. However, investors weren’t blindsided.

In 2022, the FTX collapse came as a shock. Billions in customer assets vanished. The resulting fear was deeper and more corrosive. Institutional investors froze activity. Regulators launched global crackdowns.

Meanwhile, this month, investors pulled back—but stayed engaged. ETF outflows were orderly. Hedge funds hedged rather than fled. Regulatory conditions, while uncertain, were not crisis-driven.

The Crypto Spring Is Compressed. Window Is Closing…

Yes, the cycle has been difficult…

Even people who've been through multiple cycles start questioning everything.

But then you zoom out:

– Realized losses now match FTX collapse levels

– QT ending in days after harshest… pic.twitter.com/loLdSCtHQe

— Dan Gambardello (@dangambardello) November 24, 2025

FTX Collapse Remains the King of All Crypto Bear Markets

The 2025 crypto crash is sharp, but contained. It erased over a trillion dollars in value and triggered record liquidations. However, the market structure held.

The 2022 collapse was deeper, longer, and systemically damaging. It wiped out fragile firms, froze customer assets, and nearly broke institutional trust.

While painful, November 2025 is not worse than the FTX-era collapse. It’s a high-stakes correction—not a foundational crisis.

The post Is the November 2025 Crypto Crash Worse Than the FTX-Era Bear Market? appeared first on BeInCrypto.

Monad’s MON token surged more than 35% within 24 hours of launch, defying both a cold airdrop market and a deep November sell-off across digital assets. 

MON traded around $0.035 on Monday, rising from an early range near $0.025 as liquidity spread across major exchanges.

Monad Shines Bright Amid the Bear Market

The move stands out against a market where most airdrops have struggled. Recent industry research shows nearly 90% of airdropped tokens decline within days, driven by thin liquidity, high FDVs, and aggressive selling from recipients. 

MON instead climbed strongly despite more than 10.8 billion tokens entering circulation from airdrop claims and a public token sale.

$MON TGE today.

Simplest Monad airdrop play is still liquid staking. Stake and forget while farming points.

If Monad does well, one of the $MON LSTs will be Lido of ETH and Jupiter for Solana.

Question is which.

I look for:

– Exclusive to Monad
– No TGEd yet
– Already…

— Ignas | DeFi (@DefiIgnas) November 24, 2025

The token launched on November 24 alongside Monad’s mainnet. Around 76,000 wallets claimed 3.33 billion MON from a 4.73 billion-token airdrop, while 7.5 billion more unlocked from Coinbase’s token sale. 

The airdrop alone was valued near $105 million at early trading prices.

MON’s performance also contrasts with the broader market downturn. Bitcoin fell below $90,000 last week after long-term holders sold more than 815,000 BTC over 30 days. 

Total crypto market value has dropped by over $1 trillion since October, and sentiment sits in extreme fear territory.

However, MON’s trading demand remained resilient. Its price recovered from initial selling pressure and climbed steadily through the afternoon session. 

Most large exchanges listed the token at launch, including Coinbase, Kraken, Bybit, KuCoin, Bitget, Gate.io, and Upbit, supporting deeper liquidity.

Analysts attribute the move to pent-up interest in Monad’s high-performance L1 design and a launch structure that avoided the steep inflation seen in other airdrops this year.

People really gravedancing on Monad right before a 4 hour 50% up candle at the most obvious support on planet earth

Man I love this game

— DonAlt (@CryptoDonAlt) November 24, 2025

The project delivered one of 2025’s largest distributions but kept real circulating supply focused on early users and public sale participants rather than speculative farmers.

MON’s rally comes as a rare outlier in November’s bear cycle. Its early strength now positions the token as one of the few airdrops this year to post immediate gains instead of sharp declines.

The post Monad Token Defies Market Rout With Sharp Post-Launch Rally appeared first on BeInCrypto.

Coinbase said on November 24 that it will open spot trading for Fluid (FLUID) and World Mobile Token (WMTX) on November 25, 2025.

The announcement arrives during one of the harshest drawdowns of 2025, and both tokens saw modest but noticeable intraday recoveries after weeks of pressure.

Coinbase Listing Gives Some Optimism To These Altcoins

The broader market remains deep in negative sentiment. Bitcoin is still hovering in the mid-$80,000s, and major altcoins have continued to bleed throughout November. 

Against that backdrop, even small upside reactions stand out. 

Both FLUID and WMTX posted mild rebounds on November 24 following Coinbase’s announcement. The price movements are far from breakout rallies, but enough to break multi-day downtrends visible on their 24-hour charts.

Spot trading for Fluid (FLUID) and World Mobile Token (WMTX) will go live on 25 November 2025. The opening of our FLUID-USD and WMTX-USD trading pairs will begin on or after 9AM PT, if liquidity conditions are met, in regions where trading is supported. pic.twitter.com/niDFzmMxay

— Coinbase Markets 🛡️ (@CoinbaseMarkets) November 24, 2025

Fluid (FLUID), formerly Instadapp (INST), underpins a DeFi protocol that merges lending, borrowing, and trading into a unified liquidity system. 

The token has been under sustained selling pressure since early November, despite the protocol holding more than $1.4 billion in TVL. 

Fluid highlights: pic.twitter.com/6LFTDlZgp8

— Fluid 🌊 (@0xfluid) October 7, 2025

Meanwhile, World Mobile Token (WMTX) powers the World Mobile Chain, a decentralised telecom infrastructure project built around physical wireless nodes. The project sits in the DePIN sector, which blends blockchain with real-world infrastructure.

WMTX has traded heavily throughout November as risk-off sentiment hit mid-cap altcoins. Its circulating supply is far larger than FLUID’s—around 794 million—making price moves more muted during low-liquidity periods. 

The Coinbase listing announcement helped push WMTX off its $0.096 base and toward $0.102. Even though the uptick is small, it breaks a flat multi-day pattern and introduces early signs of renewed buyer interest.

A Small But Notable Signal In a Bearish Month

Coinbase listings no longer trigger explosive price spikes in most cases, especially during a macro and sentiment-driven downturn. But November has been defined by heavy outflows, declining liquidity, and accelerated long-term holder selling across the market. 

In that context, the reaction from FLUID and WMTX—two tokens tied to infrastructure-driven DeFi and DePIN narratives—offers a rare positive signal.

Both projects remain actively engaged, and traders appear to be monitoring how the listings may impact liquidity once US markets gain direct spot access.

The post Coinbase Lists Two DeFi Tokens In November’s Bear Market appeared first on BeInCrypto.