Crypto Market Update: Bitcoin ETFs See US$870 Million in Outflows as Bitcoin Hits Six-Month Low
November 14, 2025 – By Giann Liguid and Meagen Seatter
The cryptocurrency market experienced significant turbulence on Friday, November 14, with Bitcoin-focused exchange-traded funds (ETFs) registering substantial outflows totaling approximately US$870 million. Coinciding with this withdrawal, Bitcoin’s price fell below the US$95,000 threshold for the first time in six months, plunging to a level that has renewed concerns about the continuation of a bearish trend.
Bitcoin’s Sharp Decline Amid Bearish Sentiment
Bitcoin (BTC) traded at around US$97,312.90 as of early Friday morning UTC, marking a 6.5% increase in the past 24 hours. However, the cryptocurrency’s price had dropped as low as US$94,613.84 during intraday trading before it attempted a modest recovery. This drop represents an 8% loss on the day and a sharp decline of over 24% from its recent peak of US$126,200. Market analysts have attributed this downturn to several converging factors, including the expiration of derivatives contracts, significant selling pressure from large holders (whales), and a general decline in demand from both institutional and retail investors. Data from CoinGlass showed that more than US$1.24 billion in cryptocurrency long positions were liquidated over the past 24 hours alone.
Accordingly, experts describe the fourth quarter as potentially “the worst fourth quarter on record” for Bitcoin. According to CryptoQuant’s Bull Score Index, 8 out of 10 key indicators reflected bearish conditions, pointing to decreased stablecoin liquidity, reduced network usage, and capital outflows from derivative markets.
Ether and Altcoins Follow Suit With Price Drops
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, also faced pressure, sliding 6.7% to around US$3,204.59, with intraday prices ranging between US$3,078.56 and US$3,440.53. Other notable altcoins such as Solana (SOL) and XRP experienced similar declines; SOL decreased by 8.6% to roughly US$142.35, and XRP declined 7.8% to about US$2.29. ### Market Sentiment Hits Extreme Fear
The current market conditions have pushed investor sentiment towards extreme fear, as measured by CoinMarketCap’s Crypto Fear & Greed Index, which stands at 22 — the lowest reading since March 2025. This extreme caution among traders highlights hesitancy to enter or increase positions amidst ongoing volatility.
Bitcoin ETFs Under Pressure
The large withdrawals from Bitcoin-focused ETFs underscore investor wariness amid recent market instability. The exodus from these funds comes as the total cryptocurrency market capitalization has shrunk by more than US$1 trillion since mid-October, including a dramatic liquidation event on October 10 which wiped out approximately US$19 billion in leveraged positions.
Leveraged crypto positions have continued to unwind, with over US$1.3 billion in liquidations occurring in the past 24 hours, intensifying downward pressure on prices.
Looking Ahead: Potential for Volatility to Persist
Market analysts anticipate that volatility will remain elevated in the near term. Broad stabilization of the market will likely depend on increased participation beyond the dominant cryptocurrencies—Bitcoin and Ether—and a resumption of buying interest.
Notable Industry Developments: Alibaba’s Tokenized Payment System and UAE’s Regulatory Crackdown
In other cryptocurrency news, Alibaba is advancing development of a tokenized payment system resembling a stablecoin to enhance cross-border payments within its US$35 billion e-commerce network. Set for a year-end launch, the platform will initially support USD and EUR, with plans to expand to additional currencies using JPMorgan’s tokenization technology. AI-powered smart contracts will facilitate automated settlements and dispute resolution, aiming to streamline B2B transactions alongside existing payment rails.
Meanwhile, the United Arab Emirates has enacted a stringent new Central Bank law broadening licensing requirements for financial services, effectively criminalizing unlicensed cryptocurrency activities. The legislation imposes severe penalties including fines up to AED 500 million (approximately US$136 million) and imprisonment for unauthorized financial product offerings. It also extends licensing obligations to self-custody tools and blockchain-related service providers, and restricts promotion or advertising of unlicensed financial services, with compliance mandates effective within one year.
Giann Liguid and Meagen Seatter are writers with the Investing News Network (INN). They hold no direct investment interests in any companies mentioned in this article.
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