Bitcoin News Today: Bitcoin's November Crossroads: Rebound or Extended Downturn?

Bitcoin's seven-year streak of October gains came to an end in 2025 as the cryptocurrency fell nearly 5% for the month, marking its first red October since 2018, according to a crypto.news report. The decline, attributed to macroeconomic uncertainty and ETF outflows, has sparked debate among analysts about whether the pullback could set the stage for a year-end rebound.

The selloff accelerated in late October, with Bitcoin dropping to as low as $101,000 after hitting a record high of $126,080 on October 6, according to a TradingView report. Vugar Usi Zade of Bitget highlighted that ETF outflows for Bitcoin and Ethereum exceeded $550 million in late October, reflecting ongoing concerns about Federal Reserve policy and broader market risks, the crypto.news report added. Meanwhile, analysts at TeraHash noted that Bitcoin's maturing market structure could cushion further declines, as increased capital inflows moderate price swings, the report said.

Despite the monthly drop, some experts argue the pullback is a buying opportunity. Historical data shows Bitcoin has averaged a 40.5% gain in November over the past decade, with standout years like 2013 seeing a 453.9% surge, per TradingView data. "Selling into this environment defies decades of historical trends," said one analyst, noting that November has traditionally acted as a catalyst for year-end rallies.

Technical indicators also suggest a potential rebound. Bitcoin tested key support levels near $106,453 in early November, according to an FXStreet report, and if it holds, bulls could push the price back toward the $112,500–$126,000 range. The Relative Strength Index and Moving Average Convergence Divergence (MACD) signal weakening bearish momentum, with the RSI hovering below neutral levels, the FXStreet piece added.

Institutional activity further supports optimism. A trading strategy firm purchased 397 BTC at $114,771, adding to its $69 billion Bitcoin holdings, according to a TradingView roundup, while Ether ETFs outperformed Bitcoin counterparts in Q3, drawing $9.6 billion in inflows compared to Bitcoin's $8.7 billion, according to a Coinotag report. This shift highlights growing institutional interest in Ethereum and altcoins, with new ETF applications for tokens like Solana and XRP pending regulatory approval, the report noted.

However, caution persists. The last time Bitcoin closed October in the red (2018), it was followed by a 36.4% November crash, the TradingView report noted. While analysts remain divided, the current environment differs due to Bitcoin's structural maturity and stronger macroeconomic fundamentals. For now, the focus remains on whether November will deliver a rebound or extend the downturn.