Bitcoin News Today: Macro Fears and ETF Exodus Send Bitcoin Below $82K

Bitcoin's sharp decline below $82,000, marking an 8.47% drop in 24 hours, has intensified concerns about a broader market correction, with the cryptocurrency now trading at its lowest level since April 2025. The selloff has pushed Bitcoin below its 2025 realized price of $103,227, leaving the average buyer in that period facing a 13% loss, according to Glassnode data. The current correction mirrors the April 2025 downturn in percentage terms, though it has lasted only half as long, with Bitcoin falling from a record high of $126,250 in October to $91,439 as of November 18.

The decline has been driven by a combination of macroeconomic uncertainties, including delayed U.S. Federal Reserve rate cut expectations, renewed tariff fears, and broader risk-off sentiment across global markets according to TradingView analysis. Bitcoin ETFs, once a pillar of demand, have exacerbated the downturn, with cumulative redemptions nearing $3 billion in November. Spot ETFs experienced a five-day outflow streak before a brief $75 million inflow on November 19, led by BlackRock's iShares Bitcoin Trust. Meanwhile, leveraged traders have faced heavy liquidations, with CoinGlass reporting $596 million in losses over the past 24 hours, disproportionately affecting long positions.

The selloff has spilled into other major cryptocurrencies. Ethereum fell 5.6%, XRP dropped 3.8%, and Solana slid 3.2% in the same period, erasing much of their year-to-date gains. Ethereum's price has been further pressured by sales from digital asset treasury firms like FG Nexus, which offloaded nearly 11,000 ETH to fund share buybacks, adding to market pessimism. Analysts note that such institutional actions, combined with weak retail sentiment - evidenced by a Fear and Greed Index reading of 15/100 - often precede market rebounds.

Despite the turmoil, some market participants view the downturn as a buying opportunity. "Historically, these phases have led to strong reversals," said Edul Patel of Mudrex, pointing to Bitcoin's stabilization near $89,500 and potential support levels at $93,000–$95,000. Binance CEO Richard Teng downplayed the volatility, comparing it to cycles in traditional asset classes and emphasizing that Bitcoin remains more than double its 2024 level despite recent losses.

The path forward remains uncertain. Deribit data shows growing downside positioning, while FlowDesk highlighted sustained selling pressure from dormant wallets. However, Santiment analysis suggests retail bearishness could foreshadow a rebound, as historical patterns often reverse extreme fear-driven capitulation.