Bitcoin News Today: BlackRock's ETFs Offset Bitcoin's November 2025 Sell Pressures

Bitcoin's price trajectory in November 2025 remains a focal point for investors, with conflicting signals from technical indicators, miner behavior, and institutional flows shaping expectations. While the cryptocurrency has shown signs of short-term strength, including crossing above key moving averages, broader market sentiment remains cautious due to lingering bearish momentum and structural dependencies on major institutional players like BlackRock.

Bitcoin (BTC) recently surpassed the 50-day simple moving average (SMA), a technical milestone often interpreted as a bullish reversal signal. This move was bolstered by a "bullish crossover" between the 5- and 10-day SMAs and a positive shift in the MACD histogram, suggesting growing upward momentum, according to CoinDesk. However, the CoinDesk Bitcoin Trend Indicator (BTI) continues to signal a downtrend, and prices remain below the Ichimoku cloud on daily charts—a critical resistance level that needs to be breached for a sustained rally toward $120,000.

Miner activity offers a mixed outlook. Post-halving sell pressure has eased as miner reserves stabilized, reducing forced sales and improving hashprice metrics, according to a Crypto.news analysis. This stabilization has coincided with Bitcoin trading between $110,000 and $118,000, with key resistance at $120,000. Analysts note that improved miner profitability, driven by higher transaction fees and Layer-2 adoption, could reduce structural sell pressure and support a breakout. However, a drop below $110,000 risks reigniting miner capitulation, which could exacerbate downward trends.

Institutional investment via Bitcoin ETFs has emerged as a dominant force. BlackRock's iShares Bitcoin Trust (IBIT) led a $90.6 million inflow on October 24, marking the largest single-day ETF inflow since mid-September and ending a five-day outflow streak, according to a TradingNews report. Cumulative ETF inflows now stand at $61.98 billion, representing 6.78% of Bitcoin's total market capitalization. BlackRock's dominance is stark: its ETF alone offset $1.27 billion in net outflows from other Bitcoin funds in 2025, underscoring its outsized influence on price action, as noted in a Coinotag piece. Without BlackRock's participation, the sector would have seen negative net flows, raising concerns about altcoin ETFs' ability to attract similar institutional capital.

The ETF-driven liquidity surge has also altered Bitcoin's market dynamics. Spot ETF assets now total $149.96 billion, stabilizing volatility and narrowing price spreads between U.S. and European markets, a trend previously highlighted by TradingNews. This institutional adoption has reinforced Bitcoin's "digital gold" narrative, with its correlation to gold hitting 0.76—the highest since 2021. Analysts argue that ETFs are institutionalizing Bitcoin, shifting it from speculative asset to a legitimate inflation hedge.

Despite these positives, challenges persist. Bitcoin's supply in profit rose to 83.6%, historically preceding sharp corrections as overleveraged traders take profits, according to TradingView. Additionally, while the Federal Reserve's anticipated rate cut and easing U.S.-China trade tensions have buoyed sentiment, macroeconomic uncertainties—such as the U.S. government shutdown and delayed regulatory clarity—remain headwinds, as TradingNews reported.

Looking ahead, a clean break above $112,000 could target $115,000, with further gains dependent on sustained ETF inflows and a resolution of macro risks, according to a CoinDesk update. However, a failure to hold $109,800 may trigger a retest of the $108,000 support level, as the CoinDesk piece also notes. The path to $130,000, once a 2025 target, now hinges on whether institutional demand outpaces structural selling and regulatory headwinds.