Bitcoin News Today: Bitcoin's Descent: $100k Support Becomes Institutional Battleground

Bitcoin Dips Below $95,000 as Analysts Flag Key Support Level Amid Volatile Market Conditions

Bitcoin (BTC) fell below $95,000 on November 13, marking a 0.7% decline over 24 hours, according to market data. The drop follows a brief rebound earlier in the week, during which the cryptocurrency climbed above $104,000 after institutional demand and ETF inflows fueled optimism. On Tuesday, U.S.-listed Bitcoin ETFs recorded inflows of over $523 million, a sign of renewed interest in the asset. However, this momentum proved fleeting as profit-taking and leveraged liquidations pushed prices lower, testing critical psychological thresholds.

The recent volatility has drawn warnings from market analysts. Vincent Liu, Chief Investment Officer of Kronos Research, emphasized that $100,000 is now the next key support level for Bitcoin.

"Further downside could trigger more selling pressure and intensify market volatility," he said, noting that the pullback was driven by profit-taking and failed attempts to reclaim the $107,000 resistance level. Liu added that while macroeconomic factors-such as the U.S. Senate passing a government funding bill-briefly boosted risk appetite, they were insufficient to offset ongoing technical weaknesses.

Meanwhile, institutional players continue to adjust their Bitcoin strategies. MicroStrategy's Bitcoin holdings, valued at $65.047 billion, pushed its mNAV below parity to 0.993, highlighting the firm's heavy exposure to the asset. This development could influence broader institutional risk assessments, particularly as Bitcoin's price fluctuates between $100,600 and $108,500, a critical support-resistance zone identified by on-chain analysts.

On the supply side, Bitcoin mining operations are expanding rapidly. Hyperscale Data announced the deployment of 4,092 new Bitmain S21+ and S21 Pro Antminers, set to significantly boost its Bitcoin production capacity. The move aligns with the company's $100 million Bitcoin treasury strategy, combining mining operations with open-market purchases. Similarly, Canaan Inc. reported a record cryptocurrency treasury of 1,610 BTC and 3,950 ETH as of October 2025, while expanding its global mining infrastructure.

Ethereum (ETH) faces contrasting dynamics, with ETF outflows persisting despite Bitcoin's relative resilience. U.S.-listed ETH ETFs recorded $107 million in outflows on November 12, bringing total net inflows to $13.75 billion. Analysts attribute this divergence to Ethereum's ongoing technical challenges and regulatory uncertainty, which have dampened institutional appetite compared to Bitcoin.

Looking ahead, market participants will closely watch Bitcoin's ability to hold above $100,000. A breakdown below this level could trigger further liquidations, while a rebound might reignite ETF inflows and speculative buying. For now, the interplay between institutional strategies, mining capacity expansions, and macroeconomic factors will likely dictate Bitcoin's near-term trajectory.

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