Bitcoin Plunges Over 21% in November, Mark Yusko Recalls Past "Buy It" Call

Bitcoin experienced a significant downturn in November 2025, with its value falling over 21% from October highs, prompting veteran investor Mark W. Yusko to draw parallels to a previous market dip. Yusko, CEO and CIO of Morgan Creek Capital, took to social media to reflect on the current volatility, stating, "Last couple weeks make me think back to another time when Bitcoin fell from $10k to $8k and @CNBC asked what should we do? Buy It…"

The world's largest cryptocurrency saw its sharpest monthly drop in over three years, dipping below the $100,000 mark for the first time in months and trading near $88,000 as of late November. This decline marks a substantial correction from its October peak of around $126,000. The broader crypto market also shed over $1 trillion in value during the correction's worst days.

Several factors contributed to Bitcoin's recent slump, including significant profit-taking by long-term investors, who sold approximately 800,000 BTC. Additionally, nearly $3 billion in outflows from US-based spot Bitcoin Exchange-Traded Funds (ETFs) in November exerted strong selling pressure. Macroeconomic concerns, such as uncertainty surrounding Federal Reserve interest rate cuts and a general "risk-off" sentiment in speculative assets, further dampened investor confidence.

Yusko's tweet references his appearance on CNBC's "Fast Money" in September 2019, when Bitcoin had fallen from $10,000 to approximately $8,000. At that time, he famously advised investors to "Buy It," a call that proved timely and profitable as Bitcoin subsequently rallied. Yusko has consistently maintained a bullish outlook on Bitcoin, advocating for accumulation during market corrections.

Despite the recent price volatility, on-chain data indicates that long-term Bitcoin holders largely retained their positions, suggesting continued confidence in the asset's future. Analysts point to key support levels for Bitcoin around $80,000-$85,000, with significant resistance expected between $100,000-$110,000. The market remains sensitive to central bank policies and global economic developments, with volatility expected to persist in the near term.