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The Bitcoin Market Remains Under Pressure: Large Investors Show Caution and ETFs Record Outflows
Experts noted that the price of Bitcoin (BTC) continues to move within a zone of elevated volatility amid declining momentum and weakening capital inflows from institutional investors. Data on IBIT flow dynamics shows that the acceleration of price growth directly depends on ETF activity. When inflows decrease, the market loses support and quickly reacts with local pullbacks. At the moment, inflows into IBIT have slowed, creating conditions for weakening the short-term trend. At the same time, the instrument itself remains a key driver of growth.
The activity of long-term holders shows reduced pressure, as the CDD indicator has dropped from peak values. This indicates that old liquidity has temporarily stopped actively entering the market. Historically, such periods have led to stabilization of price fluctuations before a new directional move. Prolonged absence of major activity from old wallets usually forms a neutral backdrop. However, the overall trend remains sensitive to ETF flows.
“MACD on higher timeframes is approaching the oversold zone, which may indicate a potential slowdown of the downward momentum. In such phases, traders often observe a transition to sideways movement with a gradual recovery in demand. At the same time, the return of activity from institutional funds plays an important role. The sooner strong inflows resume, the faster the indicator will reverse the trend. At the current moment, the signal remains preliminary and requires confirmation,” the experts said.
Amid pressure from market factors, Bitcoin fell below $95,000, accompanied by sharp ETF outflows. On November 13, outflows amounted to $870 million, which intensified short-term selling. Despite this, the total volume of assets in spot ETFs remains at 1.37 million BTC, which is close to historical highs. IBIT and FBTC retain the largest share in the structure of the funds.
Given that long-term holders control about 14.1 million BTC, the impact of short-term demand fluctuations becomes less pronounced. The realized price of around $65,000 provides a reference point for assessing the attractiveness of current levels.
See also: "Whales Are Selling Ethereum at the Fastest Pace Since 2021"
