Bitcoin price fell 6.4% over the past 24 hours, trading at $97,297 at 2:21 a.m. EST, while trading volume rose 47% to $110 billion.
The slump came as BTC led the broader crypto market cap by 6% to $3.37 trillion with the Crypto Fear & Greed Index showing ‘extreme fear’ in the market.
US spot BTC ETFs (exchange traded funds) posted net outflows of $869.9 million on Thursday, the second largest on record, according tocord on Mint glass. The biggest outflow occurred on February 25, when they lost $1.14 billion.
Bitcoin is feeling the heat!
🔴 Spot ETFs saw outflows of $866.7 million yesterday, the second highest in history.
Stay strong and HODL! 💪 pic.twitter.com/05oG86HPp0
— Carl Maan (@TheMoonCarl) November 14, 2025
Grayscale’s Bitcoin ETF led the outflows with $318.2 million, followed by BlackRock’s IBIT ($256.6 million) and Fidelity’s FBTC ($119.9 million).
When the BTC price fell, Bitcoin mining company CleanSpark spent $460 million to buy back 30.6 million shares.
“Our repurchase of more than 10% of our outstanding shares for approximately $460 million reinforces our confidence in the business we are building and our commitment to long-term value creation.”
Which it isn’t.
No ATM.
No share issue.
There are no insiders… https://t.co/ahu88HgWCk— S Matthew Schultz (@smatthewschultz) November 13, 2025
The company said the buyback supports its strategy to enhance shareholder value and optimize capital structure.
With Bitcoin down more than 13% in the past month, can the bearish trend continue or will the bulls regain control?
Bitcoin Price: A Healthy Correction
After reaching the resistance at $68,500 in 2021, the BTC price corrected to find support around $15,600 in 2022.
The Bitcoin bulls have been in control since overcoming the USD 25,000 resistance level and the USD 58,000 and USD 92,000 demand zones.
As a result of the rise, Bitcoin’s price has maintained its position within a well-defined parabolic curve.
The continued rise has kept the BTC price above the 50-day Simple Moving Average (SMA) on the monthly chart.
However, after reaching the $126,230 all-time high (ATH), Bitcoin’s price appears to be undergoing a healthy correction, with the recent candle falling below the boundary of the curve.
As the market faces bearish pressure, the Relative Strength Index (RSI) also responds to this move, dropping from the 70-overbought zone to 58.
As the RSI moves lower, the Bitcoin price may continue to decline. The next possible support zone is at $81,479. If the bears breach this level, the next support zone is on the 50-day SMA at $55,797.
According to popular crypto analyst Ali Martinez at
Below $95,930 are the next major support levels for Bitcoin $BTC sit at $82,045 and $66,900. pic.twitter.com/EmxusQlQde
— Ali (@ali_charts) November 14, 2025
Conversely, if the bulls defend the $94,000 support zone, Bitcoin could recover to its ATH ($126,230), up 29% from current levels.
Michaël van de Poppe, a popular analyst on
For a trend reversal to occur, markets must bounce above the previous support level to regain that level for support.
Naturally, $BTC is showing weakness here, and it’s under $100,000, so then you’d like to see a clawback of $101,000 if you’re thinking of an upside rally.
Main reason for… pic.twitter.com/WsJA5ZwHBZ
— Michaël van de Poppe (@CryptoMichNL) November 14, 2025
Much will depend on whether the Federal Reserve will cut interest rates next month. At the moment the chance that this will have fallen to just 49.6%said CME Group FedWatch tool.
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