The global crypto market is closing November amid heightened turbulence. A combination of large-scale fund outflows, legal challenges facing key industry players and a bearish macro outlook from Bloomberg collectively signal that the market is searching for a new equilibrium after months of aggressive growth. From Minfin.
Nearly $5 Billion Pulled From Crypto Funds: The Third-Largest Outflow Since 2018
Digital asset investment products are experiencing one of the biggest capital outflows in years. According to CoinShares, investors withdrew $4.92 billion from crypto funds in November alone — the third-largest outflow since 2018.
The trend has persisted for four consecutive weeks, reducing total assets under management by 36% as falling prices combined with mass withdrawals.
Bitcoin-backed products saw the largest hit, losing $1.27 billion, while Ethereum funds faced $589 million in outflows. Solana was the worst-performing altcoin with $156 million withdrawn.
The United States accounted for the majority of the negative flow — over $1.68 billion.
However, sentiment shifted slightly on November 21, when funds unexpectedly recorded $258 million in inflows after a week of uninterrupted outflows.
The only asset consistently attracting fresh capital was XRP, which gained $89.3 million.
Crypto Dispensers Considers $100M Sale Amid CEO’s Money Laundering Charges
Adding to market pressure, U.S.-based crypto ATM operator Crypto Dispensers has announced it may sell the company for roughly $100 million.
The decision surfaced days after the U.S. Department of Justice charged the company’s founder and CEO, Firas Issa, with participating in a multimillion-dollar money laundering scheme.
Prosecutors allege that Issa facilitated the conversion of over $10 million in proceeds tied to fraud and narcotics trafficking, then transferred the funds to anonymous crypto wallets. He faces up to 20 years in prison if convicted.
The company maintains that the potential sale is part of a strategic review and unrelated to the criminal investigation.
Bloomberg Predicts Bitcoin Could Fall to $50,000 by 2026
A bearish outlook from Bloomberg Intelligence added further pressure.
Senior commodities strategist Mike McGlone warned that Bitcoin could retreat to $50,000 by 2026 — a drop of around 60% from its all-time high above $126,000.
He attributes the potential decline to a combination of macroeconomic factors that could push investors away from high-risk assets:
- rising gold prices and renewed demand for safe havens,
- declining oil prices,
- growing volatility across equities,
- and the structural nature of crypto markets with “unlimited supply” of speculative assets.
The forecast comes shortly after Bitcoin plunged to $82,000, its lowest point since April, before rebounding to around $87,500.
Monad Mainnet Launch: A Technological Win But a Lukewarm Investment Response
After three years of development, Monad, an EVM-compatible blockchain, officially launched its mainnet on November 24. The ecosystem immediately integrated key infrastructure — including MetaMask, Phantom, Uniswap, Curve, USDC and USDT.
Yet the token sale on Coinbase fell short of expectations. Despite raising $269 million from more than 85,000 participants, investor enthusiasm was noticeably lower than for other recent token launches.
Most concerning: the MON token fell below its IEO price ($0.025) shortly after listing — a rare event for U.S.-hosted token sales.
According to Monad’s tokenomics:
- 50.6% of all tokens are locked through late 2026,
- 26.9B tokens reserved for the team,
- 19.6B for investors,
- 3.9B for the foundation treasury,
- 38.5B allocated to ecosystem development.
Token unlocking will continue quarterly until 2029.
Bottom Line: The Crypto Market Is Repricing Risk
November marks a turning point for the digital asset ecosystem:
- institutional investors are reducing exposure,
- macro uncertainty is reshaping risk appetite,
- regulatory scrutiny is intensifying,
- and even high-profile token launches are failing to ignite momentum.
Despite the correction, year-to-date inflows remain strong at $44.4 billion, signaling that long-term interest in digital assets persists — the cycle is simply entering a new phase.