This report covers Saturday, November 8, 2025 (UTC). Figures refer to BTC/USD unless noted.
Bitcoin price at a glance
Bitcoin finished the session at $102,311, down 0.98% on the day. Intraday, BTC traded between $101,474 and $103,398 after opening at $103,326. Those official daily figures come from Investing.com’s historical table for Nov. 8. [1]
Despite a modest Friday bounce, the broader week remained soft, with BTC still well below early‑October records. CoinDesk noted that Friday’s move merely trimmed weekly losses after a sharp midweek dip toward $99K. [2]
What moved the market on Nov. 8
1) U.S. spot Bitcoin ETFs finally saw net inflows
After six straight sessions of redemptions, U.S. spot Bitcoin ETFs recorded ~$240 million of net inflows on Thursday (Nov. 6 ET). While the inflows preceded Saturday’s close by a day, they shaped weekend sentiment by signaling a possible turn in institutional demand. CoinDesk reported the figure and the streak break, citing flow trackers Farside/SoSoValue. [3]
2) Macro backdrop: shutdown uncertainty, softer dollar
The U.S. government shutdown continued into the weekend, with Senate leaders saying talks to end the impasse “look promising” but no final deal announced. The prolonged closure has delayed key economic data and weighed on risk appetite across markets. [4]
Into Friday, the U.S. dollar eased, a tailwind that can reduce pressure on dollar‑quoted assets like BTC; Reuters linked the weaker greenback to the shutdown’s data disruptions and shifting Fed expectations. [5]
3) Whales kept the market honest
On‑chain chatter on Saturday focused on long‑term “OG” whales distributing coins—including a 3,600 BTC transfer flagged by trackers—stirring debate about near‑term supply overhang. Cointelegraph framed risks for a possible move toward the $90K–$92K area if key supports break, underscoring why rallies faced overhead supply. [6]
4) Derivatives still digesting this week’s flush
Earlier in the week, more than $1B in leveraged longs were liquidated as BTC slid from the $112K area, a classic deleveraging impulse that often leaves markets choppy for several sessions. That reset continued to define the tone into the weekend. [7]
Today’s trading range and the levels that matter
- Day’s high/low (Nov. 8): $103,398 / $101,474. The upper bound caps the first resistance zone; the session low reinforced nearby demand just above $101K. [8]
- Immediate resistance:$103.4K–$104K, then $106K (prior intraday pivot).
- Immediate support:$101K–$100.6K (psychological $100K just below), then $99K–$98.5K (last week’s liquidation pocket). [9]
Why these zones matter: Order‑book liquidity and forced‑seller footprints often cluster around round numbers and prior liquidation bands. With leverage recently reset lower, breaks are more likely to be grindy than cascading unless a fresh macro shock hits.
ETF flows: one green print doesn’t make a trend, but it helps
- Net +$240M (Nov. 6 ET): First positive day since Oct. 28, led by the biggest issuers. Historically, reversals after multi‑day outflow streaks have aligned with local BTC bottoms, though confirmation requires follow‑through. [10]
- Why traders cared on Nov. 8: Weekend crypto liquidity is thinner; even modest improvement in ETF demand can stabilize price action when macro news is mixed. If inflows continue next week, it would bolster any base forming above $100K.
For a direct view of those daily ETF tallies, SoSoValue’s dashboard logged the $240.03M net figure for Nov. 6. [11]
Macro and policy: what the shutdown means for BTC
- Data vacuum: The Labor Department didn’t publish the monthly jobs report Friday because of the shutdown. Fewer official reads on growth and inflation raise uncertainty, which has tended to dampen risk appetite—and with it, incremental crypto demand. [12]
- Path forward: Senate leadership on Saturday described progress in negotiations, but no deal was reached by day’s end. Markets will key off any concrete timeline to reopen agencies and restore the regular data calendar. [13]
- Dollar & yields: The dollar’s weekly slip took some pressure off BTC; if that continues, it could modestly support prices near term. [14]
Big‑picture positioning: from deleveraging to “fair value”?
- Deleveraging likely largely done: The week’s >$1B in long liquidations purged excess leverage, setting the stage for more two‑sided trading rather than one‑way slides. [15]
- Institutional lens: JPMorgan reiterated a gold‑relative “fair value” near $170K based on its volatility‑adjusted framework—an upside case that contrasts sharply with today’s ~$102K spot and helps explain why some long‑horizon allocators are buying dips. It’s a model, not a guarantee, but it remains a widely cited anchor in the current debate. [16]
Editorial takeaway for Nov. 8
Saturday was about holding the line. Bitcoin defended the $101K–$102K area into the close while digesting a week of forced selling and fragile macro mood music. The surprise return of ETF inflows is a meaningful green shoot, but confirmation will come only if flows stay positive when markets reopen and if D.C. ends the shutdown soon. Until then, expect range‑trading between ~$100K and ~$104K with quick, headline‑driven tests of the boundaries.
Quick FAQ
What was Bitcoin’s price today (Nov. 8, 2025)?
BTC closed at $102,311 after trading between $101,474–$103,398. [17]
Did ETFs help?
Yes—$240M of net inflows on Nov. 6 (ET) broke a six‑session outflow streak and supported weekend sentiment. [18]
What’s the macro wildcard?
The U.S. government shutdown—talks improved Saturday but no deal yet; its data delays and knock‑on effects continue to shape risk appetite. [19]
Are whales selling?
On‑chain watchers highlighted long‑term holders distributing coins, including a Saturday 3,600 BTC move, which can cap rallies until absorbed. [20]
Sources
- Daily price & range (Nov. 8, 2025): Investing.com historical data. [21]
- ETF flows back to positive: CoinDesk market report; SoSoValue ETF dashboard. [22]
- Macro context: Reuters on shutdown talks; Reuters on dollar ending the week lower and delayed jobs report. [23]
- Derivatives/liquidations: CoinDesk liquidation wrap (Nov. 4). [24]
- On‑chain whale activity (Nov. 8): Cointelegraph. [25]
- Valuation backdrop: JPMorgan “fair value” model via CoinDesk (Nov. 6). [26]
Disclosure: This article is for information only and is not investment advice. Cryptocurrency is volatile; always do your own research and consider your risk tolerance.
References
1. www.investing.com, 2. www.coindesk.com, 3. www.coindesk.com, 4. www.reuters.com, 5. www.reuters.com, 6. cointelegraph.com, 7. www.coindesk.com, 8. www.investing.com, 9. www.coindesk.com, 10. www.coindesk.com, 11. m.sosovalue.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.coindesk.com, 16. www.coindesk.com, 17. www.investing.com, 18. www.coindesk.com, 19. www.reuters.com, 20. cointelegraph.com, 21. www.investing.com, 22. www.coindesk.com, 23. www.reuters.com, 24. www.coindesk.com, 25. cointelegraph.com, 26. www.coindesk.com
