Bitcoin News Today: Bullish ETFs vs. Bearish Volatility: Bitcoin's Crucial Support Test

Bitcoin's price dipped 0.9% on November 11, 2025, as heavy selling pressure tested key support levels near $102,000, according to CoinDesk. The move, marked by a sharp breakdown phase with 27,579 BTC sold, contrasted with broader market resilience typically seen during major corrections. Traders observed a bearish structure forming through consecutive lower highs, though stabilization within a $101,500–$102,200 range suggested short-term equilibrium. If support at $102,000 fails, further declines toward $100,600–$101,200 could follow, while a rebound above $105,050 might target $107,400 resistance, as the CoinDesk report noted.

Meanwhile, analysts debated whether Bitcoin's consolidation below $108,000 signaled a potential breakout. At $105,200, the cryptocurrency's narrow trading range and tightening Bollinger Bands hinted at market coiling, with some predicting a move toward $110,000–$112,000 if institutional buying and ETF inflows gain momentum, according to Crypto News. Conversely, failure to hold $104,500 could trigger a drop to $102,000–$100.5K, exacerbated by soft ETF demand or renewed miner selling, as the Crypto News article noted.

Recent on-chain data added nuance to the outlook. Despite the price dip, spot trading volume surged 23% week-over-week to $14 billion, indicating speculative interest, as Yahoo Finance reported. Whale activity, tracked via the Exchange Whale Ratio (EWR), rose to 0.55 from 0.35, suggesting major holders were repositioning during Bitcoin's rebound from $100,000, Yahoo Finance noted. Miner outflows, meanwhile, remained subdued, signaling reduced short-term selling pressure—a trend historically linked to accumulation phases, Yahoo Finance also reported.

Institutional flows further shaped the narrative. Bitcoin ETFs attracted $524 million in inflows on November 11, led by BlackRock's IBIT with $224 million, pushing total net assets to $137.83 billion, according to Coinotag. This contrasted with Ethereum ETF outflows of $107 million, as investors shifted toward Bitcoin amid macroeconomic uncertainty, Coinotag reported. However, concerns emerged over flat ETF inflows following the U.S. government shutdown's resolution, with just $1.2 million added on Monday—raising questions about sustained 2025 momentum, as the Coinotag report noted.

The mixed signals underscored a pivotal juncture for Bitcoin. While ETF inflows and stable on-chain metrics hinted at bullish potential, lingering volatility and uneven institutional demand highlighted risks. Analysts like Ted and Kamran Ashgar emphasized that Tuesday's trading patterns, historically favorable for Bitcoin rebounds, could play a role in near-term price action, Yahoo Finance observed.