Bitcoin Down 20% in November, Spot ETFs See $151M Outflow

Bitcoin (BTC) is stabilizing after an 11-day decline from 106,000 to 79,500. The price has recently climbed to 88,000 with minimal daily movement.

Spot Bitcoin ETFs saw a net outflow of $151 million on Nov. 24, with Fidelity’s FBTC being the only one with inflows.
Ethereum spot ETFs experienced net inflows of $96.67 million, led by BlackRock's ETHA with $92.61 million.

Bitcoin Holder Behavior

Large holders (over 1,000 BTC) continue reducing their positions.
Smaller holders (0–10 BTC) are also selling rather than buying dips.
Mid-sized holders (10–1,000 BTC) are increasing holdings, but not enough to offset larger sell-offs.
BTC futures trading contributed to recent price declines due to liquidations and margin pressures.

CryptoQuant contributor Carmelo Alemán noted a need for a shift in whale behavior for trend reversal.

Market Outlook

Bitcoin is down 20% for November, marking the third-worst month in five years.
Analysts suggest the market may have formed a temporary bottom.
Jason Pizzino predicts BTC could climb toward the monthly close.
Clifton forecasts a breakout with a target price of $105,000 following a trend line breakout.

Bitcoin Hyper Presale Interest

Bitcoin Hyper (HYPER), a Layer 2 network using Solana Virtual Machine, aims to enhance Bitcoin with smart contracts and support for dApps, DeFi, and NFTs. The project raised $28.45 million during its presale.

The HYPER token supply is 21 billion, allocated to development, treasury, marketing, rewards, and exchange listings.
The current presale price is $0.013325, offering early buyers a lower entry point and a 41% APY through staking.