Bitcoin Price Today, November 15, 2025: BTC Holds Around $96,000 After Six‑Month Low as ETFs, Whales and Fed Jitters Rattle Crypto

Bitcoin (BTC) is trading around $95,900 this Saturday, November 15, 2025, after a bruising week that saw the world’s largest cryptocurrency drop below $95,000 to its lowest level since May. ^[1]

Below is a detailed, news-style breakdown of what’s happening with the Bitcoin price today, what’s driving the move, and the key levels traders and long-term holders are watching.

Key Takeaways

BTC price today: Bitcoin is hovering near $96,000, down roughly 1% over the last 24 hours, with today’s trading range clustered between about $94,000 and $97,000. ^[2]
From peak to pullback: BTC is now more than 25% below its early‑October peak around $126,000, and around 9% lower on the week, putting it firmly in “bear-market territory” by traditional definitions. ^[3]
Macro pressure: A global risk‑off mood, fading expectations for near‑term Federal Reserve rate cuts, and the after‑effects of a prolonged U.S. government shutdown have hit risk assets and crypto alike. ^[4]
Whales & long‑term holders selling: On-chain data shows long‑term holders have offloaded hundreds of thousands of BTC in recent weeks, contributing to downwards pressure, even as some metrics hint that selling intensity is starting to cool. ^[5]
ETF flows stall: U.S. spot Bitcoin ETFs have mostly seen outflows since early October, with one recent day recording about $870 million in redemptions and just $1.2 million in net inflows on a key day this week — a sharp slowdown versus earlier in the year. ^[6]
Technical battleground: Analysts widely point to $100,000–$101,600 as the resistance band BTC must reclaim to neutralize the current downtrend, while a failure of support near $93,000–$92,800 could open the door to deeper losses toward $90,000 and below. ^[7]

Bitcoin Price Today: Around $96K After a Violent Week

Live market data shows Bitcoin changing hands near $95,900, down just under 1% versus yesterday’s close. Intraday, BTC has traded roughly between $94,100 and $97,200, reflecting continued volatility but somewhat calmer conditions than earlier in the week’s sell‑off. ^[8]

Over the past few days:

BTC fell below $95,000 on Friday, marking its lowest level since May 7 and a six‑month low. ^[9]
According to Wall Street Journal estimates, Bitcoin is now about 25% below its October 6 peak near $126,000 and roughly 9% lower over the week. ^[10]
In euro terms, BTC is trading around €81,000–€82,000, down from above €85,000 just a couple of days earlier. ^[11]

Short version: Bitcoin is no longer in the euphoric, post‑ETF melt‑up that pushed it into the mid‑$120Ks. Instead, it’s grinding in the mid‑$90Ks, with sentiment clearly shaken.

From New Highs to Six‑Month Lows: What Changed in November?

November has flipped the script on Bitcoin’s 2025 narrative.

According to multiple analyses, BTC has fallen almost 15% since the start of the month, turning one of this year’s top performers into one of the weakest assets in the latest market pullback. ^[12]

Macro risk‑off and Fed doubts

A big part of that story is macro:

Reuters reports that Bitcoin’s drop to six‑month lows came amid a broad sell‑off in risk assets, triggered by shrinking odds of a Federal Reserve rate cut at the upcoming meeting. ^[13]
Market pricing for a December Fed rate cut has slid from around 90% earlier this month to roughly 40%, as several Fed officials signaled they may delay easing due to persistent inflation concerns. ^[14]
The U.S. government only recently reopened after a record 43‑day shutdown, which temporarily removed billions in spending from the economy and added another layer of uncertainty for markets. ^[15]

Risk assets — particularly those seen as speculative, like crypto and high‑growth tech — tend to struggle when investors are unsure about the path of interest rates and liquidity. Bitcoin has once again traded in sync with “risk‑on” assets, rather than as a safe‑haven hedge.

ETFs, Liquidity Stress and the U.S. Factor

Another key piece of today’s Bitcoin price story is U.S. liquidity and ETF flows.

ETF demand cools sharply

CoinCentral and other market watchers note that spot Bitcoin ETF inflows have stalled after months of being a major bullish driver: ^[16]

On one recent day, U.S. Bitcoin ETFs saw just $1.2 million in net inflows, a tiny figure compared with earlier this year.
Over the past month of drawdown, total ETF redemptions are estimated at under $1 billion, but a single day last week saw around $870 million of outflows, highlighting how quickly sentiment can flip. ^[17]

While ETFs aren’t seeing catastrophic outflows, they’re no longer acting as a strong net buyer of BTC in the way they did during earlier stages of the bull cycle.

U.S. liquidity stress & negative Coinbase premium

A separate CoinCentral deep‑dive links the slide below $95,000 to U.S. liquidity stress and the aftermath of the federal government shutdown: ^[18]

The shutdown temporarily reduced dollar liquidity, dampening risk appetite across U.S. markets.
The Coinbase Premium Index — which tracks BTC’s price on Coinbase vs. global exchanges — has been deeply negative, suggesting U.S. investors are selling more aggressively than traders in Asia and Europe.
Analysts cited in the piece argue that U.S. long‑term holders are taking profits for tax and de‑risking reasons, amplifying the correction. ^[19]

In short, the U.S. has shifted from being a major demand engine for Bitcoin (via ETFs and retail flows) to a net selling force, at least for now.

Whales, Long‑Term Holders and On‑Chain Signals

On-chain data gives more color on who is selling and whether this move looks like the start of a new bear market or a mid‑cycle shakeout.

Heavy long‑term holder profit‑taking

Data cited by Reuters and several analytics firms shows that long‑term Bitcoin holders have been taking profits aggressively: ^[20]

CryptoQuant estimates that LTHs sold over 400,000 BTC in October alone. ^[21]
Reuters reports that long‑term holders have sold roughly 815,000 BTC over the last 30 days, the heaviest bout of profit‑taking since early 2024. ^[22]
Selling spans multiple age cohorts, from coins held for six months to more than seven years, which analysts interpret as a broad, tax‑driven rotation rather than panic by a single group. ^[23]

That’s a huge amount of supply hitting the market near all‑time highs — one reason the correction has felt so sharp.

But capital is still flowing in

Despite the selling, some on‑chain metrics suggest that new demand is quietly stepping in:

U.Today highlights work by CryptoQuant’s Ki Young Ju, noting that Bitcoin’s realized cap has climbed to about $1.12 trillion, a new record that only increases when fresh buyers pay higher prices for coins. Estimated inflows over the past week sit in the $2.6–3.1 billion range. ^[24]
A separate analysis of Bitcoin’s “Apparent Demand” metric shows it has recently flipped back into positive territory for the first time since early October, indicating spot demand is starting to grow again after a lull. ^[25]

Ki Young Ju argues that capital is still entering Bitcoin and suggests the market is not in a classic, full‑blown bear market as long as that remains true — provided whales slow their selling and macro sentiment stops deteriorating. ^[26]

Technical Picture: The Levels That “Decide Everything”

Technicians are unusually aligned on the central battleground for the Bitcoin price in mid‑November.

Resistance: $100,000–$101,600

BeInCrypto’s latest price analysis describes a falling channel that has defined BTC’s November downtrend and singles out $100,300 as the key level to reclaim: ^[27]

A daily close above $100,300 would be the first step out of the bearish channel.
A follow‑through move above $101,600 would help flip that band back into support, suggesting the correction is transitioning into sideways consolidation rather than a deeper slide. ^[28]
If bulls can do that, the next major area is around $106,000–$106,300, where multiple analysts see a structural resistance zone for this cycle. ^[29]

In other words, until BTC is back above six figures and holding, many traders will view the current bounce attempts as relief rallies inside a broader pullback.

Support: $93,000, then $90,000 and below

On the downside, chartists are watching several support clusters: ^[30]

$93,900–$92,800: The lower band of the falling channel and a structurally important support zone. Losing it cleanly would make it much harder to defend the “extended bull cycle” narrative. ^[31]
Around $92,870: CryptoTicker points to this as the next major structural support; breaks below it bring $90,000 into focus quickly. ^[32]
$90,000, then $88,000–$82,000: If 90K fails, some analysts highlight deeper targets in the mid‑$80K and high‑$70K range as potential “deep‑cycle” bottoms — not predictions, but historically common drawdown zones. ^[33]

Overlaying all of this: both daily and weekly RSI readings are at their most oversold levels since 2023, a condition that has often preceded strong rebounds — but sometimes only after several more weeks of pain. ^[34]

Sentiment: Fear Takes Over, but Not Full Capitulation

Unsurprisingly, sentiment has soured fast:

CoinCentral notes that the Crypto Fear & Greed Index has fallen to 22, near “extreme fear” levels and its lowest reading since March, even though this 25% correction is actually smaller than some earlier pullbacks in the current cycle. ^[35]
Prediction markets on Polymarket show over 70% of traders betting that Bitcoin will trade below $90,000 at some point this year, underscoring how quickly the mood has flipped from euphoria to caution. ^[36]

At the same time, ETF outflows remain modest relative to total assets, and on‑chain data shows ongoing capital inflows, suggesting this is not yet a full‑scale capitulation event. ^[37]

How Bitcoin Is Performing vs. Gold and Stocks in 2025

The latest correction is also putting Bitcoin’s 2025 performance in a harsh light.

A cross‑asset study highlighted by Bitcoinist and CryptoQuant analyst Axel Adler shows: ^[38]

Bitcoin is up only about 5.5% year‑to‑date, after the recent drop below $100,000.
Gold is up around 55% YTD, benefiting from safe‑haven demand amid geopolitical tension and economic uncertainty.
Copper has gained roughly 27%, while the Nasdaq (+21%) and S&P 500 (+16%) have also delivered solid returns.

Against that backdrop, Bitcoin’s modest single‑digit gain looks underwhelming — particularly for professional money managers judged against equity benchmarks. That relative underperformance may be encouraging some funds to rotate capital out of BTC and into simpler, less volatile assets.

Scenarios for the Rest of November 2025

No one can predict the exact Bitcoin price path, but current data and analyst commentary point to three broad scenarios:

1. Sideways chop in the mid‑$90Ks (base case)

BTC continues to oscillate between roughly $93,000 and $101,000, as leverage resets and macro data drip‑feeds into markets.
On‑chain demand slowly improves, ETF outflows ease, and whales gradually reduce selling pressure without fully exiting. ^[39]

2. Bullish recovery back above six figures

A positive surprise — such as softer inflation data or clearer guidance on future Fed cuts — sparks renewed risk appetite.
BTC reclaims $100,300 and then $101,600 with strong volume, confirming a break from the falling channel. ^[40]
In that scenario, analysts look toward $106,000 and the prior consolidation zone above $110,000 as potential next waypoints, though this would still be below the October peak near $126,000. ^[41]

3. Bearish extension toward $90K and lower

Macro conditions worsen, ETF outflows persist, or a major negative headline hits crypto.
BTC loses the $93,900–$92,800 support cluster, then slices through $92,870, bringing $90,000 into play. ^[42]
Some fractal‑based analyses warn that, if that zone fails, Bitcoin could revisit the $88,000–$82,000 area — or even deeper if the current structure ends up rhyming with the 2021–2022 top‑to‑bottom cycle. ^[43]

None of these paths is guaranteed; they simply reflect how traders and analysts are framing the probabilities given today’s data.

What Today’s Bitcoin Price Means for Everyday Investors

For everyday participants, today’s Bitcoin price action carries several practical implications:

Volatility is still the rule: A move from $126,000 to the mid‑$90Ks in about a month is a reminder that even in a mature ETF era, BTC remains highly volatile. ^[44]
Macro matters more than ever: Rate expectations, government spending, and liquidity conditions in the U.S. are having a direct, visible impact on Bitcoin’s price, often more than purely crypto‑native news. ^[45]
On‑chain is nuanced: Heavy long‑term holder selling is bearish in the short term, but rising realized cap and Apparent Demand suggest new buyers are still stepping in, potentially laying groundwork for the next phase once the shakeout ends. ^[46]

As always, anyone considering exposure to Bitcoin should treat it as a high‑risk, highly volatile asset, only invest what they can afford to lose, and base decisions on their own research, time horizon, and risk tolerance rather than short‑term price swings or headlines. This article is for informational purposes only and is not financial advice.

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