U.S. Investors Flee $700M in Bitcoin – Is the $100K BTC Fortress About to Shatter?

U.S. Investors Flee $700M in Bitcoin – Is the $100K BTC Fortress About to Shatter?

So, Bitcoin’s been acting a bit like that friend who shows up to the party looking ready to go home early—why the sudden weakness around the $100K mark? Turns out, the big players across major economic zones, with the US leading the charge, have been offloading a hefty chunk of their BTC holdings. It’s like the crypto market caught a whiff of bad news and started the hustle to the exits. But here’s the kicker—despite this sell-off frenzy, the odds of Bitcoin hitting $95,000 in November haven’t just appeared out of thin air—they’ve climbed up to a near coin-flip at 48%. Sounds like the market’s got one foot on the brakes and the other inching toward the gas pedal. With massive sell pressure sweeping from the US through Asia and into Europe, and with heavy hitters like BlackRock unloading millions in Bitcoin, we’re left wondering: is a reversal in Bitcoin’s fortune around the corner, or is the bearish momentum about to tighten its grip? Let’s dive into the data, the sentiment, and the signals that might tell us when this rollercoaster ride will smooth out—or if we’re in for a wild November after all. LEARN MORE

Key Takeaways

Why is Bitcoin’s price weak? 

Major economic zones were aggressively selling Bitcoin, with the US at the forefront.

Will BTC hit $95K in November?

The odds of Bitcoin reaching $95,000 have climbed to 48%.


Bitcoin [BTC] was trading near the $100K mark at press time.

Over the past 24 hours, Bitcoin has dropped by 1.5%, with further downside possible due to widespread selling pressure globally.

U.S. entities dumping Bitcoin

The U.S. was leading in selling BTC, at the time of writing, as seen in the Coinbase Bitcoin Premium Index. The index has been in the red region since the 30th of October, reflecting the massive dumping by U.S. entities.

For instance, BlackRock sold 6,800 BTC valued at more than $700 million, averaging about $30 million per transaction. The entity did not seem to stop this capital outflow from Bitcoin and its products ahead of the Fed announcement.

Bitcoin BTC

Source: CoinGlass

Additionally, Bitcoin ETF flows turned positive after six consecutive days of outflows. As per a post by Satoshi Staker, BTC ETFs saw about $240 million in inflows in the past 24 hours, though it was not enough to counter the outflows.

The aggressive dumping by US entities made any reversal difficult, as other jurisdictions also mirrored this behavior.

Why are the odds of a reversal slim?

The chances of a market reversal were low, as selling pressure extended across Asia and the European Union.

Over the past week, Bitcoin’s Cumulative Return By Session fell from roughly +3% to -4%, reflecting growing bearish momentum.

Bearish sentiment intensified, with sellers dominating each session. On the 6th of November, sell orders far outweighed ETF inflows, effectively wiping out buy-side demand.

BTC

Source: Velo

This sentiment was reflected in Polymarket’s prediction markets about “What price will Bitcoin hit in November?”

The chances of BTC dipping to $95,000 rose to 48%, while the odds of a decline to $90,000 now stand at 24%.

Meanwhile, chances of BTC climbing to $115,000 or higher have fallen, averaging between 2% and 8%.

Overall market sentiment remains tilted toward selling, likely influenced by the AI bubble, record job cuts, and the ongoing U.S. government shutdown.

In addition, global tariff tensions have added further pressure on Bitcoin and other crypto assets.

Timing reversals with CVD divergence 

As the odds of a reversal continue to shrink, the CVD divergences could hint at when to anticipate one.

According to Hyblock Capital data, whenever selling exceeded buying on shorter timeframes, prices tended to close higher, and vice versa.

Bitcoin BTC

Source: Hyblock Capital

Altogether, Bitcoin was undergoing massive sell pressure across the globe, explaining the current weakness. Therefore, a recovery could happen only when bids outweighed asks and aggressive selling halted.

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