Key Notes
- Bitcoin ETFs saw $870M in outflows, the second-largest ever, as BTC fell to $96K.
- Short-term traders dominate selling, while long-term holders remain steady.
- Key support levels sit at $95.9K, $82K, and $66.9K, according to on-chain data.
On Thursday, the US spot Bitcoin ETFs clocked in $870 million in net outflows, the secondโlargest daily outflow on record.
The sellโoff arrived during a pullback that pushed Bitcoin
BTC
$96 668
24h volatility:
6.2%
Market cap:
$1.93 T
Vol. 24h:
$113.05 B
down to the $96,000 level, resulting in $1.10 billion in liquidations in the past 24 hours.
As per SoSoValue data, Ethereum ETFs werenโt spared either, recording $260 million in outflows, marking their third consecutive day in the red. However, Solana ETFs showed strength with $1.49 million in inflows.
On November 13 (ET), spot Bitcoin ETFs recorded total net outflows of $870 million, the second-largest in history. Spot Ethereum ETFs saw total net outflows of $260 million, marking the third consecutive day of outflows. U.S. spot Solana ETFs registered net inflows of $1.49โฆ pic.twitter.com/e1F2R5GSat
โ Wu Blockchain (@WuBlockchain) November 14, 2025
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ShortโTerm Traders Dominate Selling
Onโchain data from CryptoQuant shows a growing disconnect between shortโterm and longโterm Bitcoin holders.
Binance data shows that shortโterm selling pressure surged sharply, with the net selloff dominance climbing to 49.12K BTC, one of the highest readings in months.
The short-term holders alone contributed nearly 9.79K BTC to selling activity, while long-term traders sold almost nothing, just 0.19K BTC. The widening gap between the two groups paints a fragile picture for the market for the near future.
BTC net selloff dominance index, Binance. | Source: CryptoQuant
While short-term traders are reacting quickly to price dips, long-term holders remain unfazed. Historically, deeper pullbacks only manifest when long-term holders begin offloading, which is not happening yet.
CryptoQuant analysts revealed that the unforeseen dominance of short-term selling indicates that a severe pullback could follow if liquidity remains low and buyers fail to step in.
Price Drops While Volume Dries Up
CryptoQuant analysts also highlighted a divergence between prices and volume, with Bitcoinโs recent drop to around $97,450 clocking in a daily volume fall of just 11,877 BTC.
Bitcoin price vs volume divergence. | Source: CryptoQuant
The volume_change indicator dropped to -24,320 BTC. Meanwhile, the price_change indicator hit -4.76K, which means that prices are dropping without the participation of strong buying flows.
Capital Is Staying in the System
Swissblock reported a spike in stablecoin dominance as BTC broke below the important $100,000 mark. They claim that capital isnโt leaving crypto, itโs waiting. Funds are shifting into stablecoins, forming โdry powderโ for future deployment.
Stablecoin dominance is surging as BTC breaks below $100K: capital is not leaving the system, it’s waiting.
There is no panic rotation into Bitcoin yet.
Instead, buying power is parking in stables, a classic dry-powder accumulation.$BTC is defending $97Kโ$98.5K zone, butโฆ pic.twitter.com/9IJms1McF5โ Swissblock (@swissblock__) November 13, 2025
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BTC is currently defending the $97K-$98.5K zone, but Swissblock said that a capitulation sweep toward roughly $95K or a reclaim and hold above $100K could make BTC the best cryptocurrency to buy in December.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
