Bitcoin News Today: Investor Exodus Drives $3B ETF Outflows, Altcoin Inflows Signal Shifting Loyalties

Bitcoin faces mounting pressure as short-term holders continue to offload assets amid a broader selloff, with 65,200 BTC-valued at over $5.8 billion at current prices-transferred to exchanges in recent days according to Cryptobriefing. The move signals renewed capitulation among investors who bought during the asset's 2025 rally, as prices remain below the year's realized cost basis of $103,227, leaving the average holder with a 13% loss. The trend mirrors the April 2025 correction, which saw Bitcoin fall from $109,000 to $76,000 over 80 days, though the current drawdown has lasted only 43 days so far.

The selloff has been exacerbated by sharp outflows from Bitcoin spot ETFs. On November 13, U.S.-listed funds recorded $866.7 million in net redemptions-the second-largest single-day withdrawal since their January 2024 launch-surpassing August's record of $812.3 million. Grayscale's Bitcoin Mini Trust and BlackRock's IBIT led the exodus, with $318 million and $257 million in redemptions, respectively. Total outflows from Bitcoin ETFs have reached $3 billion over three weeks, reflecting a broader de-risking trend as investors shift to cash, bonds, and gold amid macroeconomic uncertainty.

The capitulation has been accompanied by a rotation into altcoin ETFs. New products tracking Solana and XRP have attracted over $500 million in combined inflows since their launches, contrasting with the outflows from Bitcoin and Ethereum funds. The Canary XRP ETF, for instance, drew $250 million in its first day of trading, the highest for any ETF debut this year. Meanwhile, Ethereum ETFs have shed $1.2 billion in three weeks, with BlackRock's ETHA experiencing its largest weekly outflow of $421 million since inception.

Technical indicators suggest Bitcoin remains in a fragile state. The asset trades near $95,000, with the Relative Strength Index (RSI) at 34 and the Moving Average Convergence Divergence (MACD) maintaining a bearish signal. A break above $96,000 could reignite bullish sentiment, but analysts warn that institutional selling and a weakening derivatives market-marked by declining Open Interest-pose risks to near-term recovery.

The capitulation follows a broader pattern of investor behavior. In April, Bitcoin briefly fell below its 2025 realized price of $70,000, a threshold that historically has served as a buying opportunity. However, the current correction lacks the liquidity cushions seen in past cycles, as ETF outflows and a lack of fresh capital have amplified selling pressure.

Market participants remain divided on the outlook. While some view the selloff as a natural correction following a 17% November drop and a 30% decline from October highs, others caution that the absence of a clear bottom could prolong volatility. "The market is testing key support levels," said one analyst, noting that a close below $94,000 could trigger further panic selling according to FXStreet.