Key Takeaways
- Bitcoin is stabilizing near $91,000 after recovering from a steep early-November sell-off.
- ETF outflows topping $3.5B highlight shifting institutional appetite.
- A positive Coinbase Premium hints at renewed U.S. demand.
- Traders are watching whether BTC can reclaim the $95,000 resistance zone.
Bitcoin Holds $91K as ETF Outflows and Sentiment Shifts Shape Its Next Move
Bitcoin is trading around $91,000, finding stability after a turbulent November that saw the world’s largest cryptocurrency retreat almost 30% from its October 2025 all-time high above $126,000. The market has calmed, but sentiment remains cautious as investors reassess risk after one of this year’s sharpest drawdowns.
Also Read: Spot Bitcoin ETFs Face Massive Outflows
Price Action: Stabilization After a Deep Pullback
Bitcoin is hovering just above the $91,000 level, showing minimal movement over the past 24 hours. The muted trading comes after BTC briefly dipped below $81,000 earlier in November, erasing its year-to-date gains and raising concerns about momentum exhaustion following its rapid summer and fall rally.
Although Bitcoin has recovered part of that decline, it remains far below its October peak. Traders say reclaiming the $95,000 resistance zone would be the first sign that bulls are regaining control.
Also Read: Bitcoin Price Prediction: Whale’s $200M Bet vs. $1B Shorts – BTC’s Next Move?
ETF Redemptions Signal Institutional De-Risking
A key pressure point this month has been the wave of record outflows from U.S. spot Bitcoin ETFs, totaling an estimated $3.5–3.8 billion. BlackRock’s iShares Bitcoin ETF (IBIT) alone has seen more than $2 billion in redemptions, even as ETF trading volumes surged to a record $40 billion last week.
The selling appears driven by profit-taking and macro-related de-risking, with institutional investors trimming exposure after Bitcoin’s aggressive autumn rally.
Sentiment Indicators Offer a Mixed Picture
Macro uncertainty—especially speculation around upcoming U.S. Federal Reserve interest-rate decisions—continues to influence market behavior. Analysts say the uncertainty has constrained institutional appetite and elevated volatility.
Still, not all indicators are bearish. The Coinbase Premium, which compares U.S. spot prices to global averages, has turned positive again after spending weeks in negative territory. The shift suggests renewed U.S. buying interest, potentially providing a near-term support floor if Bitcoin continues holding above $90,000.
Watching the $95K Test
With Bitcoin stabilizing but still recovering from heavy selling, the next major test is a push toward $95,000. Whether improving spot demand can offset ETF outflows will shape the tone heading into December.
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