Bitcoin News Today: Institutional Exodus and Liquidity Crunch Fuel Bitcoin's Seven-Month Slide

Bitcoin's price struggles have deepened as a confluence of technical, institutional, and macroeconomic factors weigh on the cryptocurrency. Recent data shows the asset trading below $90,000, a seven-month low, with BlackRock's iShares Bitcoin Trust (IBIT) recording a record $523 million single-day outflow. This comes amid a broader selloff in risk assets and a shift in investor sentiment toward traditional safe havens like gold. Analysts warn that the market is navigating a "crypto hangover" fueled by profit-taking and stretched valuations, with Thomas Perfumo of Kraken noting that momentum peaked during the summer of 2025.

Technical indicators paint a grim picture for the short term. Bitcoin's price action has been confined within a broadening ascending wedge since early 2024, with a breakdown from the pattern's lower border in late 2025 suggesting further declines. A potential support level at $70,000–$75,000 is now in focus, with a breach likely triggering a drop toward $53,489 by mid-2026. November 2025 has seen a 20% rally from the $80,000 level, but analysts stress that sustained recovery hinges on Bitcoin holding above $96,000.

The recent strategic sale of 385.6 BTC by mining giant Bitdeer, converting to $34.7 million in cash, has added liquidity to the market but also signaled institutional caution. Such sales, while standard for mining firms, underscore the delicate balance between maintaining operational funding and preserving Bitcoin holdings. The timing of Bitdeer's transaction, amid a bearish trend, has raised questions about broader industry pressures, including electricity costs and capital allocation for expansion https://cryptorank.io/news/feed/b9aae-bitdeer-bitcoin-sale-mining.

A critical shift in market dynamics has also emerged: the four-year halving cycle, once a cornerstone of Bitcoin's price narrative, is being challenged. Analyst Dan Gambardello argues that liquidity cycles and macroeconomic indicators-such as the Purchasing Managers' Index (PMI)-now drive crypto markets more than halving events. The 2024–2025 period, for instance, saw Bitcoin's price peak amid a PMI contraction, contradicting historical patterns where halvings aligned with liquidity expansions https://www.thecoinrepublic.com/2025/11/20/crypto-news-analyst-calls-4-year-cycle-strategy-colossal-mistake-heres-why/. Institutional adoption, including ETFs and corporate treasuries, has further decoupled Bitcoin's movements from retail-driven cycles.

Despite short-term turbulence, long-term structural demand remains intact. Projects like Bitcoin Hyper, a Layer-2 solution aiming to enable high-speed DeFi transactions, highlight efforts to extend Bitcoin's utility beyond its store-of-value narrative. Meanwhile, stablecoin supply contractions and ETF outflows have shifted focus to infrastructure presales and yield-generating assets as capital rotates during the downturn.

The path forward hinges on whether Bitcoin can stabilize above key support levels and regain institutional confidence. A prolonged bearish phase could see further ETF outflows and mining sales, but analysts like Daan Crypto Trades emphasize that historical volatility is often a precursor to recovery. For now, the market appears to be testing the resilience of long-term holders as it navigates a liquidity-driven correction.