Bitcoin News Today: Bitcoin's 0.7% Drop Sparks Battle Between Bearish Outflows and Institutional Conviction

Bitcoin fell below $95,000 on Friday, marking a 0.7% decline over the past 24 hours as the cryptocurrency market grapples with a prolonged downturn. The price retreat has reignited concerns about a broader bearish trend, with analysts pointing to a confluence of macroeconomic pressures and structural market shifts. XWIN Research, a digital asset analytics firm, suggested in a recent report that the correction could persist until mid-2026, citing deteriorating technical indicators and weakening investor sentiment.

The decline follows a string of headwinds, including waning expectations for a Federal Reserve rate cut in December, which has dampened risk-on appetite across asset classes. "The Fed's shifting stance has been a key driver of BTC's breakdown below the psychological $100,000 level," XWIN noted in a Quicktake post on CryptoQuant. The firm also highlighted a sharp reversal in capital flows into spot Bitcoin ETFs, which saw $1.1 billion in outflows in recent days-the worst performance in nine months. These outflows, coupled with cascading liquidations from excessive leverage, have exacerbated the sell-off. "Forced long closures exceeded $600 million in hours once major supports broke," XWIN added, emphasizing the compounding effects of market psychology and technical breakdowns.

While the bearish momentum has intensified, some institutional investors remain steadfast in their Bitcoin allocations. MicroStrategy increased its holdings by 487 BTC on November 10, bringing its total stash to approximately 641,692 BTC-valued at over $65 billion. The company has not sold any Bitcoin in 2025, reaffirming its long-term conviction in the asset's value proposition. Meanwhile, Harvard University has deepened its exposure to Bitcoin through BlackRock's iShares Bitcoin Trust ETF, allocating $442 million to the fund-surpassing its investments in tech giants like Microsoft and Amazon.

Market sentiment, however, has turned fragile. Michael Saylor, CEO of MicroStrategy, denied recent reports suggesting his firm was reducing Bitcoin holdings, stating he remained "fully committed" to accumulation. "Bitcoin will outperform gold and the S&P 500 by year-end," Saylor asserted, even as his company's stock (MSTR) dropped 4.2% on Friday amid BTC's volatility. The mixed signals between corporate optimism and retail caution underscore the market's fragility.

Technical analysis paints a cautious outlook. XWIN Research identified the $92,000–$94,000 range as the next critical support zone, with a breach potentially pushing Bitcoin toward $85,000. "If this level fails, the correction could extend well into mid-2026," the firm warned. For now, traders are bracing for further turbulence as macroeconomic uncertainty and liquidity pressures continue to weigh on the market.