Gunden built his wealth as an early Bitcoin arbitrage trader on Tradehill and the now-defunct Mt. Gox, where he reportedly handled tens of thousands of BTC before the exchange collapsed in 2014. His recent moves align with a broader wave of retail selling, amplified by fears that the latest bull cycle may be nearing exhaustion.

Will crypto options expiry more selloffs after $1 billion in Bitcoin, ETH, SOL, XRP, DOGE and altcoins liquidations?

Bitcoin prices pushed lower on Thursday, November 20, extending recent losses as macro variables fueled weakness in the markets.

Speculation rises as Bitcoin nears its demand zone – Bitcoin price prediction now points to an $86K pivot fueling market FOMO.

Bitcoin dropped on Thursday to levels not seen in more than six months, as investors appeared to pull back exposure to riskier assets and weighed the prospects of another Federal Reserve rate cut next month.

In a post on X on Nov. 19, the Mad Money host said it “almost feels like a cabal is trying to keep Bitcoin above $90,000." Cramer reiterated that he remains supportive of Bitcoin itself, while stating he does not “like any of the derivatives created to play it or game it or mine it.”

The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency.

Liquidity has been draining out of the financial system, putting pressure on speculative assets like cryptocurrencies.

A new legislative push to formally recognize Bitcoin (BTC) inside the United States financial system has landed in Congress, with Representative Warren Davidson (R-OH) confirming that a “Bitcoin Strategic Reserve” bill has been introduced — and that it could include the ability for Americans to settle taxes in BTC.

Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.