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flag Bitcoin dropped 21% in November amid market volatility, but remains above 2024 levels due to institutional demand.

flag Bitcoin’s recent price drop, including a 21.2% decline in November and 23.2% loss over three months, is normal market volatility seen across asset classes, Binance CEO Richard Teng said in Sydney on November 21, 2025. flag He attributed the sell-off to investor deleveraging and risk aversion, citing concerns over an AI-driven valuation bubble. flag Despite the downturn, Bitcoin remains above double its 2024 level, supported by growing institutional interest and products from firms like BlackRock. flag Teng called the correction a healthy pause for the industry. flag He did not confirm if founder Changpeng Zhao, pardoned by President Trump in October, will return, noting current operations continue under existing leadership.

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