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.

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.

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.

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.

Bitcoin has declined to approximately $95,000 this week, entering its third consecutive week of losses. The probability of a Federal Reserve rate cut in December has fallen from 90% in late October to around 54%, data show. Bitcoin futures open interest dropped from nearly $100 billion to about $60 billion, reflecting significant institutional outflows.

Bitcoin dropped below $94,000 on Friday, reaching its lowest level since early May. Market technician Axel Adler Jr. presented a valuation framework identifying $87,000 and $74,000 as critical downside zones, both now considered achievable based on current on-chain metrics. The decline has erased over $1 trillion from total cryptocurrency market capitalization since October.

Michael Saylor refuted speculation that Strategy sold bitcoin holdings after BTC dropped below $94,000 on November 14, 2025. Saylor confirmed the company bought BTC every day this week. Strategy holds 641,692 BTC worth approximately $62 billion.