Bitcoin market remains under pressure as major investors show caution and ETFs record outflows

Experts noted that the Bitcoin (BTC) price continues to move in a zone of increased volatility amid declining momentum and weakening capital inflows from institutional investors. Data on IBIT flow dynamics show that the acceleration of price growth is directly dependent on ETF activity. When inflows decline, the market loses support and quickly reacts with localized pullbacks. Currently, inflows into IBIT have slowed, creating conditions for a weakening of the short-term trend. However, the instrument itself remains a key growth accelerator.

Long-term holders' activity is declining, as the CDD ratio has dropped from its peak. This suggests that older liquidity has temporarily ceased to actively enter the market. Historically, such periods have led to a stabilization of price fluctuations before a new directional move. A prolonged absence of significant activity from older wallets usually creates a neutral backdrop. However, the overall trend remains sensitive to ETF flows.

“The MACD on higher timeframes is approaching oversold territory, which may indicate a possible slowdown in the downward momentum. During such phases, traders often observe a transition to sideways momentum with a gradual recovery in demand. The return of institutional fund activity plays a key role here. The sooner robust inflows resume, the faster the indicator will reverse the trend. Currently, the signal remains preliminary and requires confirmation,” the experts stated.

Amid market pressure, Bitcoin fell below $95,000, accompanied by sharp outflows from ETFs. On November 13, outflows totaled $870 million, exacerbating the short-term sell-off. Despite this, the total assets in spot ETFs remain at 1.37 million BTC, close to historical highs. IBIT and FBTC retain the largest shares in the funds.

Given that long-term holders control approximately 14.1 million BTC, the impact of short-term demand movements becomes less pronounced. A realized price of approximately $65,000 provides a benchmark for assessing the attractiveness of current levels.

Source: cryptonews.net