Bitcoin Updates Today: Bitcoin Drops Sharply as ETF Outflows and Economic Uncertainty Challenge Market Stability
- Bitcoin plummeted to a seven-month low below $90,000 in late November as market fear intensified, with the CoinDesk Fear & Greed Index hitting 10. - The selloff was driven by large holder exits, $240M in derivatives liquidations, Fed rate-cut uncertainty, and $2.8B in ETF outflows eroding demand. - Institutional buying (8,178 BTC worth $835M) partially offset declines, while technical indicators like a "death cross" signaled prolonged bearish pressure. - Geopolitical tensions over alleged U.S. Bitcoin th
Bitcoin experienced a deeper decline in late November, dropping to its lowest point in seven months—below $90,000—as market sentiment shifted to "extreme fear." The CoinDesk Fear & Greed Index
Market observers
The selloff has been exacerbated by declining interest in Bitcoin spot ETFs.
The global political environment has further complicated matters. China’s claim that the U.S. seized 127,000 Bitcoin—valued at $13 billion—has raised questions about supply. While this dispute could cause short-term price swings,
The outlook for Bitcoin remains unclear. Retail traders are waiting for a clear trigger, while institutional confidence and on-chain liquidity trends suggest the possibility of stabilization. For now, the market is navigating a delicate balance between economic headwinds and ongoing selling, with critical support levels at $93,000 and $85,000
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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