Short-term Bitcoin holders transferred 29,400 BTC to exchanges at a loss while long-term holders distributed approximately 815,000 BTC over the past month, marking the highest level since January 2024. Data show long-term holder profit-taking has increased from roughly 12,500 BTC daily in early July to 26,500 BTC currently. Bitcoin is testing its 365-day moving average at $102,000, a key technical support level throughout this bull cycle.

Bitcoin fell below $96,000 on November 14, reaching its lowest level since May. The decline wiped approximately $120 billion from the cryptocurrency's market capitalization. U.S. spot Bitcoin ETFs recorded roughly $870 million in net outflows on November 13, marking the second-largest daily withdrawal of the year.

Bitcoin fell approximately 10% over three days, declining from around $108,000 to roughly $97,000. Samson Mow, a prominent Bitcoin advocate, characterized the decline as an "obvious bear trap" on November 13, 2025. The drop triggered a $600 million realized-loss spike within one hour, data show.

U.S.-traded Bitcoin spot exchange-traded funds recorded combined net outflows of $869.86 million on Thursday, the second-largest single-day withdrawal since their market debut, data show. Grayscale Mini Trust led with $318.2 million in outflows, followed by BlackRock's IBIT at $256.6 million. The selloff coincided with Bitcoin falling below $100,000 for the first time in 188 days.

Bitcoin could experience a significant decline following recent bearish trends, market analysts warn. Technical analysis identifies a descending channel pattern suggesting downward pressure, with potential support levels at $93,000 and $88,000. Long-term holders have sold over 390,000 BTC in recent months, contributing to selling pressure.

U.S. spot bitcoin exchange-traded funds recorded nearly $870 million in net outflows on Thursday, marking the second-largest single-day exit since launch. Grayscale's Bitcoin Mini Trust led redemptions with over $318 million withdrawn, followed by BlackRock's IBIT at approximately $256 million and Fidelity's FBTC at roughly $120 million. Analysts attributed the withdrawals to broad risk-off sentiment amid declining crypto valuations and macroeconomic uncertainty.

Bitcoin dropped below $100,000, trading at $97,100 with a 6% decline in 24 hours. The cryptocurrency failed to break resistance at $107,000 before reversing downward. On-chain data shows significant support clusters at $95,930, $82,045, and $66,900, while whale and miner exchange inflows have accelerated.

Luxembourg's Intergenerational Sovereign Wealth Fund allocated 1% of its portfolio to Bitcoin in October 2025, representing approximately €7 million from its $730 million in managed assets. Finance Minister Gilles Roth disclosed the decision at Bitcoin Amsterdam on November 13, 2025. The move marks the first time a European sovereign fund has established direct Bitcoin exposure.