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Bitcoin Updates: Major Investors and Institutions Increase Bitcoin Holdings While Individual Traders Withdraw Amid ETF Outflows

Bitcoin Updates: Major Investors and Institutions Increase Bitcoin Holdings While Individual Traders Withdraw Amid ETF Outflows

Bitget-RWA2025/11/20 00:42
By:Bitget-RWA

- Bitcoin futures traders show cautious optimism as BTC dips to $89,000, with 4% annualized premiums signaling controlled bearish sentiment. - ETF outflows ($2.26B since October) contrast whale accumulation (345,000 BTC) and Harvard's $442M IBIT ETF stake, highlighting market divergence. - K33 warns rapid leverage growth during selloff creates "dangerous" structure, with historical precedents showing 16% average declines post-similar patterns. - Macroeconomic pressures (Fed delays, weak jobs) link BTC's 14

Bitcoin futures participants are holding firm despite fresh turbulence in the crypto sector, as

(BTC) slipped to $89,000 but displayed durability in the derivatives arena. Even after a 14% weekly drop—marking the lowest point since April 2025—derivatives indicators , with funding rates and futures premiums reflecting a measured optimism. The 30-day annualized premium for Bitcoin futures stayed close to 4%, just under the 5% level often considered neutral, suggesting bears have yet to dominate .

Bitcoin Updates: Major Investors and Institutions Increase Bitcoin Holdings While Individual Traders Withdraw Amid ETF Outflows image 0
The overall market climate, however, is still marked by unpredictability. Bitcoin ETFs have experienced ongoing withdrawals, with nearly $2.26 billion leaving spot funds since October. BlackRock's (IBIT) alone saw a record $523 million in redemptions on November 19, reflecting a broader pattern that has . At the same time, major holders—often called "whales"—have been amassing at unprecedented rates, , according to blockchain analytics firm CryptoQuant. This split between retail hesitation and institutional accumulation highlights a market in transition.

Meanwhile, the derivatives sector presents a complex outlook.

around 4% on November 19, indicating a bearish but not extreme sentiment. Researchers at K33, a digital asset analysis group, during the latest downturn has resulted in a "dangerous" market setup, with open interest in BTC perpetual contracts jumping by more than 36,000 BTC in just one week—a figure last observed in April 2023. The group pointed out that similar trends in the past have often led to further losses, over the last five years resulting in an average 16% decline in the subsequent month.

Retail traders have mostly remained inactive as the Fear and Greed Index plunged to 11—a level usually linked to market bottoms

. In contrast, institutional investors have kept diversifying their assets. For example, Harvard University during the third quarter of 2025, holding 6.8 million shares valued at $442.8 million as of September 30. Although this represents only 1% of Harvard’s $57 billion endowment, it for crypto ETFs from a major institution.

Macroeconomic influences continue to affect overall sentiment. The Federal Reserve’s postponement of rate reductions and a sluggish US employment landscape have

, with technology shares such as Oracle and Roblox dropping 19% over the past month. Bitcoin’s 14.7% slide in the same timeframe closely mirrors the Nasdaq’s movement, . Experts believe Bitcoin’s price is increasingly influenced by wider macroeconomic trends, and a potential recovery to $95,000 depends on improved expectations for rate cuts and renewed confidence in tech-driven risk assets .

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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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