"Bitcoin ( ) is trading near $90,000 after one of its sharpest institutional pullbacks ever, and the timing reveals a shift in how long-term investors view the asset. More than $3.79 billion left Bitcoin ETFs in November, marking the heaviest monthly outflow since these products launched. What makes this moment stand out isn't panic or a major collapse-it's the quiet, deliberate move by institutions to reduce exposure even without a crisis in sight."
"The pullback came after Bitcoin reached an all-time high above $126,000 in early October, only to drop more than 30% by late November as ETF outflows reached a record high. This raises questions about whether Bitcoin can reclaim six figures anytime soon. With Fed rate cut odds climbing and analysts split on where prices head next, the market's watching to see if $90,000 holds or if another leg down is coming."
Bitcoin fell from an early-October all-time high above $126,000 to trade near $90,000 after institutions removed $3.79 billion from Bitcoin ETFs in November. November's outflows were the largest monthly ETF withdrawals since launch, reflecting deliberate institutional exposure reduction rather than panic. The three-month trend shows slipping momentum, thin liquidity, and growing institutional caution. BTC dropped to a mid-November low near $80,000, triggering liquidations and breaking yearlong support levels before stabilizing around $90,000. Rising Fed rate-cut odds and split analyst views leave the market watching whether $90,000 will hold or decline further.
Read at 24/7 Wall St.
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