BlackRock(US:BLK) Huan Qiu Wang·2025-11-20 03:49Group 1 - Bitcoin prices have recently dropped to a seven-month low, currently down over 30% from their peak, leading to panic selling among investors [1] - The iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF managed by BlackRock, experienced a record outflow of $523 million on Tuesday, marking the highest single-day redemption and the fifth consecutive day of net redemptions [1] - The total outflow from the U.S. spot Bitcoin ETF market in November has exceeded $3 billion [1] Group 2 - Standard Chartered estimates that if Bitcoin falls below $90,000, half of the companies holding Bitcoin would be "underwater," meaning their asset value would be below the purchase price [3] - The sentiment around cryptocurrencies remains low, particularly since the leveraged liquidations in October [3]