Bitcoin News Today: Bitcoin Faces $90K Challenge: Institutions Remain Wary While Whales Continue to Buy

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Bitcoin News Today: Bitcoin Faces $90K Challenge: Institutions Remain Wary While Whales Continue to Buy

Bitget-RWA2025/11/18 19:40

By:Bitget-RWA

- Bitcoin dips below $90,000 as Galaxy Digital sells 2,800 BTC, reflecting institutional caution amid $600B market value loss since October peaks. - Bearish pressure intensifies from fading Fed rate-cut hopes, inflation, and trade tensions, with ETF outflows and whale accumulation contrasting market weakness. - Analysts diverge: Galaxy cuts 2025 BTC target to $120,000 while JPMorgan/Saylor remain bullish, contrasting Bloomberg's warnings of further downside despite strong network metrics. - Retail fear nea

Bitcoin's drop below $90,000 has deepened the ongoing bearish trend, as

Galaxy Digital Inc.

(NASDAQ:GLXY) offloaded 2,800

BTC

in a move reflecting increased caution among institutional investors. The company's shares opened sharply lower on Friday at $25.13, compared to the previous close of $27.24,

with trading volume surging to 3.81 million shares

. This sale comes as

Bitcoin's market capitalization has shrunk by $600 billion since peaking at $126,000 in October

, with the digital asset now more than 26% below its recent highs.

The downturn has been driven by several factors, such as diminishing expectations for a Federal Reserve rate cut, persistent inflation, and rising global trade disputes.

Bitcoin briefly touched a six-month low of $92,971 on Friday

, wiping out all gains made this year and marking its third straight week of losses. At the same time,

Bitcoin-focused exchange-traded funds (ETFs) experienced $870 million in net outflows

on Thursday—the second-largest single-day withdrawal since their launch—adding to the downward momentum.

There has also been a shift in activity among large investors and institutions. While U.S. spot BTC ETFs such as BlackRock's IBIT and Fidelity's FBTC initially saw strong demand, recent flows have reversed direction.

Analysts from TradingView and CoinGlass highlighted a $240 million net inflow

on November 6, a rare positive indicator in an otherwise bearish market.

Bitcoin News Today: Bitcoin Faces $90K Challenge: Institutions Remain Wary While Whales Continue to Buy image 0

Blockchain data shows that Bitcoin whales (wallets with 10,000–100,000 BTC) continued to buy

, averaging $1.96 million per transaction in October despite turbulent market conditions.

Experts remain split on what lies ahead.

Galaxy Digital has recently revised its 2025 BTC price forecast down to $120,000

after noting significant whale selling during October's slump, while others, including JPMorgan and Michael Saylor, remain optimistic, pointing to historical halving cycles and the possibility of monetary easing. On the other hand,

Bloomberg Intelligence has cautioned about further declines

, emphasizing that Bitcoin is currently the weakest among risk assets, even as its network fundamentals remain solid.

Sentiment among retail investors has taken a sharp turn for the worse, with

CoinMarketCap's fear and greed index approaching "extreme fear" territory

Institutional involvement has also decreased

, as crypto market liquidity has dropped by 30% from its 2025 high.

Traders are increasingly seeking protection against price swings

, with options markets seeing a spike in open interest for bearish contracts at $85,000 and $90,000 strike prices.

The vulnerability of the market is further illustrated by the difficulties faced by

Bitcoin

holding firms like Strategy Inc., whose enterprise value now risks dipping below the $60 billion value of its BTC reserves. Michael Saylor, the company's co-founder, has encouraged investors to "hodl" during the downturn, even as his company's stock has fallen over 30% this year.

As Bitcoin endures its weakest stretch since the 2024 halving, its future direction will depend on clearer macroeconomic signals and a return of institutional capital.

With key support levels between $90,000 and $100,000 under close observation

, the cryptocurrency stands at a pivotal moment in its effort to regain broader acceptance.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

- U.S. stocks closed lower Thursday as macroeconomic fears and Fed policy uncertainty drove Nasdaq over 2% down, with Bitcoin hitting $86,100. - Abu Dhabi's ADIC nearly tripled its stake in BlackRock's Bitcoin ETF to $520 million, signaling institutional confidence amid crypto volatility. - CME FedWatch reduced December rate cut odds to 43.8%, while Bitcoin ETFs saw $75M inflows on Nov. 19 despite broader crypto selloffs. - Institutional caution persists as ETF outflows and whale selling tighten liquidity,

Bitget-RWA•2025/11/21 01:04

Bitcoin Updates: Institutional Investors Continue Buying Bitcoin Despite Market Sell-Off in Stocks and Cryptocurrencies

Bitcoin News Update: Waning Expectations for Rate Cuts and Massive Bitcoin ETF Outflows Trigger Sharp Stock Decline

- U.S. stocks fell sharply on Thursday, with the Nasdaq Composite dropping over 2% amid fading Fed rate-cut hopes and Bitcoin ETF redemptions. - Bitcoin prices dipped to $86,100 as BlackRock's IBIT ETF recorded a $523M outflow, marking its worst redemption since January 2024. - Institutional investors added $5.7M in Bitcoin short positions, while FedWatch data cut December rate-cut odds to 46% from 93.7% a month ago. - U.S. spot Bitcoin ETFs face $3B in November outflows, with analysts noting a shift from

Bitget-RWA•2025/11/21 01:04

Bitcoin News Update: Waning Expectations for Rate Cuts and Massive Bitcoin ETF Outflows Trigger Sharp Stock Decline

Fed Navigates Uncertainty as Data Gaps Obscure Rate-Cut Decision

- U.S. Treasury Secretary Bessent urges Fed to continue rate cuts to support growth amid volatile markets and weak labor data. - Delayed September jobs report and 183% October layoff surge cloud Fed's December decision amid inflation concerns. - Market expectations for a 25-basis-point cut dropped to 42.9% as Fed officials split between hawkish caution and dovish relief calls. - Strong Nvidia earnings temporarily eased AI bubble fears but analysts warn of limited capital budgets amid macro risks. - Global

Bitget-RWA•2025/11/21 01:04

Fed Navigates Uncertainty as Data Gaps Obscure Rate-Cut Decision

Zcash Halving Event: Driving Value Growth and Prompting Miner Adjustments

- Zcash's 2028 halving will cut block rewards to 0.78125 ZEC, reinforcing its deflationary model and potentially boosting investor demand. - Historical data shows 500% price surges post-halving (2020) and $589 peak in 2025, with Grayscale managing $137M in Zcash assets. - Miners transitioned to PoS post-2024 halving; ECC's 2025 roadmap prioritizes privacy upgrades and institutional adoption via Ztarknet and NU6.1. - Risks include regulatory scrutiny of shielded transactions and volatility, but decentralize

Bitget-RWA•2025/11/21 01:04