Bitcoin ETFs Bleed $866 Million as BTC Slips Below $95k

Market Overview

Bitcoin endured significant selling pressure on November 13, with
the flagship cryptocurrency tumbling below the psychologically
important $95,000 level. A resurgence of bearish sentiment in the
spot market set the stage for a wave of ETF outflows, erasing
recent gains and rattling investor confidence.

ETF Outflows and Price Pressure

Major spot Bitcoin exchange-traded funds recorded combined
outflows totaling $866 million as asset managers rushed to meet
redemption requests. This mass exodus amplified downward momentum,
dragging Bitcoin deeper into negative territory. The red-hot demand
that fueled ETF inflows in prior weeks gave way to profit-taking
and a flight to stability.

Technical Analysis

On the daily chart, Bitcoin broke through a key support band
between $97,000 and $98,500 before finding a temporary floor near
$94,500. Trading volumes spiked during the sell-off, signaling
capitulation among short-term holders. Technical indicators
suggest an oversold condition, but a sustained rebound will hinge
on reclaiming the $100,000 mark.

Investor Perspective

Traders attributed the downturn to a mix of profit-taking and
macroeconomic jitters. With equities under pressure and yields
fluctuating, risk assets like Bitcoin felt the heat. Whales and
high-net-worth holders appeared to trim exposure, while
retail participants hesitated to chase further upside amid
choppy market conditions.

Conclusion

As Bitcoin hovers below $95,000, the path to recovery remains
uncertain. ETF outflows have underscored the fragile balance
between supply and demand in the spot market. Investors will be
watching key technical levels and broader market drivers closely
to gauge whether Bitcoin can regroup or if further downside lies
ahead.