Bitcoin Price Today, November 14, 2025: BTC Slides Toward $96K as ETFs See $870M Outflows and Over $1B in Liquidations

Bitcoin is trading back below the psychologically crucial $100,000 level today, November 14, 2025, as a wave of risk aversion hits global markets, spot ETFs see heavy outflows and leveraged traders suffer more than $1 billion in liquidations.

At the time of writing, Bitcoin (BTC) is hovering around $97,000, after dipping to the mid‑$96,000s earlier in the session – its weakest level in roughly six months. ^[1]

Key takeaways

BTC trades near $97,000, having hit an intraday low around $96,800–96,900, its lowest print since May 2025. ^[2]
The move extends a 23% pullback from October’s all‑time high above $126,000, placing Bitcoin firmly in a technical bear market. ^[3]
US spot Bitcoin ETFs saw roughly $870 million in net outflows on Thursday, the second‑largest daily withdrawal since launch, deepening the sell‑off. ^[4]
Derivatives stress is elevated: more than $1.1 billion in crypto positions were liquidated in 24 hours, and nearly $5 billion in BTC and ETH options are expiring today on Deribit, keeping volatility elevated. ^[5]
Macro pressure is mounting as hopes for a December Fed rate cut fade amid US economic data delays and lingering uncertainty after a prolonged government shutdown. ^[6]

Note: All prices and percentages are approximate and may have moved since publication.

Bitcoin price today (14 November 2025)

Multiple market trackers and news desks show Bitcoin trading just under the $100,000 mark on Friday:

The Economic Times reports BTC around $97,067, with an intraday low near $96,841, calling it Bitcoin’s weakest print since May. ^[7]
Anadolu Agency likewise notes Bitcoin trading around $97,190 after falling more than 6% in 24 hours. ^[8]
99Bitcoins’ live crypto update shows BTC at roughly $97,073, down a little over 5% on the day, with 24‑hour volume surging above $90–100 billion. ^[9]

Across these feeds, the picture is clear:

Price: ~$97,000
24h change: roughly ‑5–6% depending on the reference window ^[10]
Drawdown from ATH (~$126,000 in early October): about ‑21–23% ^[11]

Despite the sharp correction, Bitcoin is still up about 4–5% year‑to‑date and remains more than 40% higher than it was after the 2024 US election, underscoring just how far it had run in this cycle. ^[12]

Why is Bitcoin down today?

Today’s sell‑off isn’t driven by a single headline. Instead, several overlapping forces are hitting the market at once.

1. Fed uncertainty and a global risk‑off mood

Anadolu Agency describes Bitcoin’s slide as part of a broader risk‑off move across global markets, triggered by growing uncertainty around the US economic outlook and the Federal Reserve’s next steps. ^[13]

Key macro drivers:

A nearly 43‑day US government shutdown has delayed key October economic reports, leaving the Fed with less data heading into its December 10–11 meeting. ^[14]
Traders have cut the implied probability of a December rate cut: CME FedWatch data cited by both Anadolu and 99Bitcoins shows expected odds of easing dropping significantly compared with last week. ^[15]
US equities are under pressure as well: the Dow is off around 1.65%, with similar declines in the S&P 500 and Nasdaq, adding to the risk‑off tone that typically weighs on speculative assets like crypto. ^[16]

When rate‑cut hopes fade and volatility returns to traditional markets, high‑beta assets like Bitcoin are often the first to be sold.

2. ETF investors pull nearly $900M from spot Bitcoin funds

One of today’s most notable headlines is coming from the ETF arena:

Seeking Alpha reports that US‑listed spot Bitcoin ETFs saw around $870 million in net outflows on Thursday, the second‑largest single‑day withdrawal since these products launched. ^[17]
Bloomberg similarly notes that Bitcoin’s bear market has deepened as ETF investors pull “nearly $900 million”from BTC funds, coinciding with the latest leg lower below $100,000. ^[18]

Heavy ETF outflows matter because they effectively reverse prior institutional inflows that helped push Bitcoin to all‑time highs in October. With ETF demand weakening, there’s less steady spot buying to absorb selling from traders and long‑term holders.

3. Over $1.1B in liquidations and options expiry

The derivatives market is amplifying the downside move:

Data compiled by The Crypto Basic from CoinGlass shows about $1.10 billion in crypto positions liquidated over the last 24 hours, with roughly $969 million in long positions wiped out versus around $128 million in shorts. ^[19]
According to CoinGecko data cited in the same report, Bitcoin dropped to around $96,910, marking its third break below $100,000 this month. ^[20]
At the same time, a Yahoo Finance report highlights that nearly $5 billion of Bitcoin and Ethereum options are expiring today (November 14) on Deribit, concentrating risk around key strike levels and fueling intraday volatility. ^[21]

Liquidations and options expiry form a feedback loop:
as price moves toward heavily traded strikes (like $100,000, $95,000, and $90,000), hedging flows and forced position closures can accelerate the move rather than dampen it.

4. Whales and long‑term holders are taking profits

A striking piece of today’s narrative is how aggressively long‑term holders have been selling into strength:

The Economic Times reports that long‑term holders have offloaded more than 815,000 BTC over the past month, contributing to sustained selling pressure. ^[22]
99Bitcoins cites CryptoQuant data showing the same figure – about 815,000 BTC sold by long‑term holders, the largest such wave since January 2024, with more than $3 billion in realized profits since November 7. ^[23]

With ETF inflows slowing, this heavy wallet distribution means more coins are hitting the market than new institutional buyers are willing to absorb, leaving price vulnerable once momentum turns.

Six‑month low and a 23% drawdown from October’s peak

Today’s move fits within a broader correction that’s been building through November:

Bitcoin’s recent high near $126,000 on October 6 now looks increasingly distant. ^[24]
From that peak, the current drop to the mid‑$96,000s represents roughly a 23% pullback, which meets the standard definition of a bear market (a decline of more than 20% from all‑time highs). ^[25]
Anadolu Agency characterizes today’s price as Bitcoin’s weakest level in six months, underscoring just how deep this corrective phase has become. ^[26]

Even so, the bigger picture is not uniformly negative: both Anadolu and The Economic Times stress that Bitcoin is still modestly positive for 2025 overall, reminding investors that this correction comes after a steep rally earlier in the year. ^[27]

Altcoins and broader markets: everything is under pressure

It’s not just Bitcoin feeling the pain. The latest data from multiple outlets paints a broad‑based sell‑off:

The Crypto Basic reports Ethereum down about 11% near $3,150, Solana off roughly 10% around $141, and XRP down about 9% near $2.28. ^[28]
99Bitcoins similarly lists ETH around $3,187, SOL about $141, and BNB near $919, all trading in the red over the past 24 hours. ^[29]
The Economic Times connects the crypto slump with sharp declines in US stock indices, with the Dow, S&P 500 and Nasdaq all dropping between 1.6% and 2.3%. ^[30]

The message: this is a cross‑asset risk‑off move, not a Bitcoin‑only story. Crypto is simply at the sharp end of the risk spectrum.

Technical picture: Key Bitcoin levels to watch

Analysts across trading desks and research sites are focused on a cluster of important support and resistance levels.

Immediate resistance: $100K–$101K

Coinpedia’s live update notes that Bitcoin was “cleanly rejected” from the $99,386–$100,972 resistance zone, before printing a fresh low near the $96,000 region. ^[31]
The Economic Times also highlights $100,000–$101,000 as a ceiling that bulls have repeatedly failed to reclaim on rebound attempts. ^[32]

A decisive daily close back above this band would be the first sign of stabilization and a potential local bottom, according to several technical commentators. ^[33]

Short‑term support: $96K and the mid‑$90Ks

Both The Crypto Basic and 99Bitcoins point to $96,000 as a key near‑term support, noting that BTC has briefly pierced this zone but so far managed to bounce back above it. ^[34]
Coinpedia sees a crucial support band between roughly $93,733 and $97,595, framing today’s price action as a test of whether buyers can defend this range. ^[35]

If this support fails, analysts warn of a slide into the low‑$90Ks, with $91,300 flagged as one of the next downside targets. ^[36]

Deeper downside scenarios: $92K, $90K, $88K and $80K

A cluster of recent notes outline more bearish scenarios if selling intensifies:

Coinpedia and 99Bitcoins both warn that a clean break below $98,000 and then $96,000 could trigger a push toward the $92,000–$91,000 zone. ^[37]
A TradingView‑hosted analysis (via NewsBTC) describes a descending channel with first major support near $93,000 and a possible extension “well below $90,000” toward $88,000 if that level breaks. ^[38]
The Economic Times goes further, quoting traders who believe that a decisive breakdown below $98,000 could “open the door” to $80,000, especially if macro conditions deteriorate and downside options flows continue to build around the $90K–$95K region. ^[39]
AInvest calls the $87,000 area a make‑or‑break threshold for the broader bull‑market structure, suggesting that a sustained loss of this level would significantly damage the medium‑term uptrend narrative. ^[40]

None of these levels are guarantees, but together they show where liquidity, stop‑losses and hedging flows are likely clustered in the weeks ahead.

Is Bitcoin now “undervalued”? What on‑chain and valuation metrics say

Interestingly, not all of today’s coverage is doom‑and‑gloom.

An in‑depth report from Indonesian exchange Pintu, citing on‑chain analytics firms Santiment and Glassnode, argues that Bitcoin may already be undervalued by some metrics: ^[41]

Santiment’s performance comparison shows that since August 11, Bitcoin has fallen about 15%, while the S&P 500 is up around 7% and gold about 21%, widening a performance gap that historically tends to close over time.
Glassnode’s Supply Quantile Cost Basis Model indicates BTC has dropped below both the 0.95 and 0.85 quantile bands, meaning a smaller share of total supply is sitting in profit than during October’s peak – a condition that has sometimes aligned with value zones in previous cycles.

However, Pintu’s article was updated earlier in the day when Bitcoin was still trading near $105,000 – before the latest sharp drop under $100K. ^[42]

Since then, price has fallen another 7–9%, further improving some classic value metrics (like the share of profitable supply and realized profit taking) but also raising the risk of forced selling and capitulation if key supports break.

Fundamental backdrop: adoption stories amid the sell‑off

Even in a brutal day for prices, longer‑term adoption news continues:

99Bitcoins reports that the Czech National Bank has launched a $1 million pilot digital asset reserve, including Bitcoin, a USD‑linked stablecoin and a tokenized bank deposit, framing it as a test to understand how digital assets behave in real‑world reserve management. ^[43]

The sum is small relative to Bitcoin’s ~$2 trillion market capitalization, but it’s another symbolic step in BTC’s march from fringe asset to something central banks and institutions at least experiment with.

What to watch next

For traders and long‑term investors following Bitcoin’s price today, here are the main things to keep on the radar over the coming days:

Can BTC reclaim $100K–$101K?
A sustained move back above this band would ease immediate downside pressure and signal that buyers are willing to step back in size. ^[44]
Fed commentary and US data flow
Any clarity around when delayed US employment and inflation data will be released – and what it suggests for December rate‑cut odds – could strongly influence Bitcoin’s direction. ^[45]
ETF flows over the next week
After $870M in one‑day outflows, traders will be watching whether spot Bitcoin ETFs return to net inflows or continue bleeding assets, which would confirm or reject the idea that institutional appetite has cooled. ^[46]
Derivatives positioning after today’s options expiry
With almost $5B in BTC and ETH options expiring today, next week’s open interest profile may look very different – potentially reducing forced hedging flows and giving price more room to establish a new equilibrium. ^[47]
Key supports between $96K and the high‑$80Ks
How Bitcoin behaves around $96K, $93K and $87K will likely determine whether this is remembered as a mid‑cycle shake‑out or the start of a much deeper bear phase. ^[48]

Final word & disclaimer

Bitcoin’s price today, November 14, 2025, reflects a perfect storm of macro uncertainty, profit‑taking by long‑term holders, heavy ETF outflows and stressed derivatives markets. Yet even amid a 20‑plus‑percent drawdown, on‑chain metrics and some institutional moves suggest that long‑term narratives around BTC are far from dead – they’re simply being tested.

This article is for informational purposes only and does not constitute financial, investment or trading advice.
Bitcoin and other cryptocurrencies are highly volatile and risky. Never invest money you cannot afford to lose. Always do your own research and consider consulting a licensed financial professional before making investment decisions.

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