Bitcoin News Today: Bitcoin's Death Cross Looms as ETF Outflows Mirror 2022 FTX Chaos

Bitcoin Fell Below $95,000 Amid Market Correction as Death Cross Looms and ETF Outflows Accelerate

Bitcoin (BTC) dropped below $95,000 on November 14, 2025, marking a 24% decline from its October peak of $126,080 and triggering over $1.24 billion in liquidations of long positions. The selloff intensified as the cryptocurrency approached a critical technical threshold: the "death cross," a bearish pattern where the 50-day simple moving average (SMA) crosses below the 200-day SMA. This development, previously unreliable in past instances, has reignited concerns about a prolonged bear market.

The price action underscored deteriorating momentum. BTC's 50-day SMA now sits at $111,864, nearing its 200-day SMA of $110,364, with analysts warning the crossover could materialize within days if prices remain below $108,000. A breakdown below $100,000-Bitcoin's last major support level-could expose downside targets as low as $92,000 and even $74,000, the April 2025 low. On-chain metrics, including the Fear & Greed Index, further signaled capitulation.

Market sentiment was compounded by record outflows from Bitcoin and Ethereum ETFs. U.S. spot Bitcoin ETFs saw a net outflow of $866.7 million on November 14, the second-largest single-day exodus since their launch. Grayscale's Mini Trust (BTC) led the exodus with $318.2 million in outflows, followed by BlackRock's IBIT fund ($256.6 million). Ethereum ETFs also bled $259.6 million, with BlackRock's ETHA fund accounting for $137.3 million. These outflows coincided with a broader risk-off environment, as the U.S. government shutdown's resolution failed to sustain optimism, and the Federal Reserve's "go-slow" stance on rate cuts dampened expectations.

Institutional activity highlighted mixed signals. While MicroStrategy's Michael Saylor continued accumulating Bitcoin, purchasing 487 BTC for $49.9 million to boost the company's holdings to 641,692 coins, long-term holders-often termed "whales"-accelerated sales. Blockchain analytics firm Glassnode reported daily distributions of approximately 45,000 ETH ($140 million) from 3- to 10-year holders, the fastest pace since 2021. This selling, coupled with ETF outflows, exacerbated downward pressure.

The selloff also drew comparisons to the 2022 FTX collapse. Market analysts noted Bitcoin's Relative Strength Index (RSI) had plunged to oversold levels not seen since the FTX crisis, while the asset's drop below its lower volatility band signaled severe stress. Over $1.1 billion in liquidations-primarily long positions-further mirrored the turmoil of that period, with Hyperliquid and Bybit reporting $134 million and $122 million in liquidations, respectively.

Despite the near-term pessimism, long-term bullish sentiment persists. MicroStrategy's Saylor reiterated his belief that Bitcoin will overtake gold by 2035, citing its limited supply and institutional adoption. Meanwhile, the death cross's historical reliability remains contested; past instances in 2023–2025 produced false bearish signals. However, analysts caution that without a sustained rebound, Bitcoin could remain in a corrective phase until macroeconomic clarity or policy shifts emerge.