Bitcoin Falls Below $90,000 Marking Seven-Month Low Amid ETF Outflows and Market Decline
On November 18, 2025, Bitcoin fell below the $90,000 mark, reaching a seven-month low and marking its first dip under this level since April. During the day, Bitcoin briefly dropped to an intraday low of $89,368 before rebounding to $91,474, gaining about 2% over the last five hours.
Significant outflows have been observed in spot Bitcoin ETFs throughout November, with $2.59 billion withdrawn, nearing the $3.56 billion outflows recorded in February. Ethereum spot ETFs also faced a net outflow of $728.57 million last week, representing the third-largest monthly outflow following May and September.
Additional selling pressure has been attributed to wallet activity related to Mt. Gox, where approximately 185.5 BTC, valued at around $16.8 million, were transferred.
The total cryptocurrency market capitalization has declined by about 20% from $4 trillion on October 14 to $3.2 trillion on November 18. This market downturn has been accompanied by worsening market sentiment, fueled by reduced institutional demand, profit-taking, and portfolio rebalancing, which are cited as primary drivers behind the ETF outflows.
Analysts note that if bearish flows continue, Bitcoin may revisit the $82,000 to $85,000 range, a level where long-term holder cost bases and ETF inflows commonly cluster. Additionally, prediction-market data from Myriad revealed a sharp decline in the odds of Bitcoin reaching $115,000 before testing $85,000, dropping from 66.7% on November 13 to 25% on November 18.
