Bitcoin News Today: Bitcoin Faces $90k Challenge as ETF Investments Meet $3.5B in November Withdrawals

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Bitcoin News Today: Bitcoin Faces $90k Challenge as ETF Investments Meet $3.5B in November Withdrawals

Bitget-RWA2025/11/26 18:52

By:Bitget-RWA

- Bitcoin hovers near $86,600, 30% below its October peak, amid consolidation and mixed institutional flows. - Spot ETFs saw $238M inflow but faced $3.5B November redemptions, highlighting fragile market confidence. - Technical analysis identifies $90,000 as a critical resistance level and $85,000 as key support for further direction. - Critics like Peter Schiff argue Bitcoin lacks utility, exacerbating bearish sentiment amid macroeconomic uncertainty. - Market awaits ETF flows, rate decisions, and institu

Bitcoin’s latest price movements have ignited heated discussions among market participants, as the cryptocurrency trades around $86,600 in late November 2025—roughly 30% below its October high of $126,200. The market is currently consolidating, with conflicting signals coming from institutional investment trends and ongoing macroeconomic ambiguity. Although spot

Bitcoin

ETFs experienced $238 million in net inflows after a period of consistent outflows,

overall investor sentiment remains pessimistic

, with ETF redemptions totaling $3.5 billion just in November. This ongoing struggle between institutional buying and risk-averse selling has placed Bitcoin at a pivotal point, as traders watch closely to see if it can surpass $90,000 or slip further into lower support levels.

The present price pattern is reminiscent of the typical 4-year correction phase that follows Bitcoin’s peaks, a trend seen in previous bull markets. Technical indicators point to a potential surge in buying if prices climb above $88,000, which would challenge the $90,000 resistance—a key psychological and technical threshold that has repeatedly blocked upward momentum. However, a sustained rally will depend on continued ETF inflows. On the other hand,

if Bitcoin fails to clear $90,000 and falls below $85,000

it could trigger a sharper drop toward $80,000, reinforcing the ongoing bearish correction. This outlook matches the broader cautious mood in the market, as shown by the Crypto Fear and Greed Index staying in the "Extreme Fear" range and

leading altcoins such as XRP and Solana mirroring Bitcoin’s decline

Institutional investment flows have proven to be a double-edged sword. While the $238 million that entered spot Bitcoin ETFs has provided some short-term support, the larger trend of withdrawals—especially BlackRock’s

iShares Bitcoin Trust

losing $523 million in a single session—reflects growing investor wariness. Total outflows for November have reached $2.96 billion, with

BlackRock

responsible for more than 70% of that amount. Should this pace persist, November’s outflows could rival the record $3.56 billion seen in February,

a period that was historically weak for Bitcoin despite its usual seasonal strength

. These trends highlight the market’s fragile confidence, as ETF participants and long-term holders face increasing losses while Bitcoin struggles to recover.

The bearish perspective has gained momentum among skeptics like economist Peter Schiff, who has repeated his view that Bitcoin is impractical as a means of payment and fundamentally inferior to assets like stablecoins or tokenized gold. “People are rushing to exit Bitcoin,” Schiff stated on social media,

claiming that the asset’s price swings and lack of inherent value

make it a poor option for preserving wealth. Such opinions, combined with macroeconomic challenges—including low liquidity and uncertainty about U.S. interest rates—have intensified the selling pressure.

Looking forward, Bitcoin’s near-term prospects depend on whether it can maintain support between $80,000 and $85,000. Successfully holding this range could set the stage for a slow recovery, but continued weakness below it would likely deepen the correction. Experts remain split: some interpret the current consolidation as a normal phase in the 4-year cycle, while others warn of a lengthier bear market if economic conditions worsen. For now, the market remains in suspense, with ETF activity, macroeconomic indicators, and institutional attitudes poised to drive the next major move.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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