Bitcoin fell beneath $95,000 amid weakened ETF demand and macro uncertainty. Analysts identify $92,000–$94,000 as critical support, with potential decline to $85,000 if breached. Bitcoin ETFs recorded $492 million in net outflows, marking three consecutive days of withdrawals.

Canary Capital's XRP exchange-traded fund attracted $243 million in net inflows on November 13, 2025, following its Nasdaq debut. The fund achieved $58 million in first-day trading volume, surpassing prior ETF launch records. Bitcoin and Ethereum ETFs experienced outflows totaling $492 million and $177 million respectively as BTC fell below $100,000.

Institutional investment vehicles tracking Bitcoin and Ethereum have experienced severe capital withdrawals throughout November 2025. Spot Bitcoin ETFs shed $2.33 billion while Ethereum counterparts lost $1.24 billion, with combined outflows approaching $3.5 billion as market uncertainty persists.

Canary Capital's spot XRP exchange-traded fund began trading Thursday, recording nearly $250 million in first-day volume and becoming the first U.S. product of its kind. XRP declined roughly 3 percent over the subsequent 24 hours amid broader market turbulence. Bitcoin ETFs saw $870 million in net outflows the same day as the digital asset sector entered a period of heightened risk aversion.

MicroStrategy has refuted misleading claims of a $1 billion Bitcoin liquidation, with CEO Michael Saylor confirming continued BTC acquisitions. On-chain analyst Ted debunked the rumor, identifying the transactions as internal wallet transfers rather than exchange sales. MSTR stock is approaching its 200-week moving average near $138 amid Bitcoin's recent pullback.

Crypto analytics platform Santiment has cautioned traders against declaring a market bottom, noting that consensus around price floors often precedes further declines. Bitcoin's social dominance climbed above 40% while positive sentiment hit a one-month low after the asset fell below $95,000. The firm observed that genuine market bottoms typically emerge when the majority expects continued depreciation.

On-chain analytics platform Santiment cautioned Saturday that widespread predictions of a market bottom may signal further downside ahead. Bitcoin briefly fell below $95,000 Friday, triggering social media declarations that the worst has passed. However, Santiment notes that historical bottoms typically form during periods of extreme pessimism rather than consensus optimism among traders.

Bitcoin has declined approximately 3% over the past year, underperforming U.S. long-duration Treasury bonds by roughly 6 percentage points, according to performance data. The cryptocurrency fell about 25% from mid-October highs near $126,000 to $94,000. Google search interest for Bitcoin has dropped to levels last seen during previous bear markets.