Bitcoin Dips 3% As Bitcoin ETFs Break 6-Day Outflow Streak

The Bitcoin price dropped 3% in the last 24 hours to trade at $102,964.80 on a 48% plunge in trading volume to $58.86 billion.

That came even as US spot BTC ETFs (exchange-traded funds) ended a six-day outflow streak on Thursday with $239.9 million in net inflows

Investors had pulled more than $2 billion from the funds in the previous seven days, recording the second-worst weekly outflow since the products launched last year. 

🚨 INSIGHT: Bitcoin’s drop toward $100K deepened as $2B in ETF outflows, weak earnings, and macro fears shook investor confidence. pic.twitter.com/dY65IxPaMv

— Cointelegraph (@Cointelegraph) November 6, 2025

Bitcoin On-Chain Signals Show Market Nerves

On-chain data echoes the cautious mood. There has been a noticeable drop in large Bitcoin wallet activity, suggesting that whales are not aggressively buying the dip. Instead, the flow of coins from ETFs to exchanges has increased, typically a bearish sign as holders seek to sell or transfer assets out of passive vehicles.​

Despite the ETF selloff, not all signals are negative. Some investors are using the downturn to accumulate, as evidenced by steady inflows into select ETF products and on-chain wallets. However, the continued pressure from major sellers and the absence of strong institutional demand mean that the recovery remains fragile.​

BTC Price Prediction: Key Levels to Watch

Bitcoin’s price outlook for the weeks ahead is still cloudy. After the recent dip, BTC trades just above $100,500, close to its 50-week simple moving average (SMA) at $102,917, which is a critical support for bulls. 

If Bitcoin falls below this level, the $99,000–$100,000 range becomes the last technical zone before a possible test of $92,000, noted by several analysts as a “CME gap” target on the futures market.​​

Technical indicators are mixed: The RSI is at 43.7, showing weak momentum but not yet oversold territory.​ MACD is negative, signaling sellers still have the upper hand.​

The Bitcoin price is sitting right on the lower boundary of a multi-month ascending channel, which could be a make-or-break point for the current trend.​ If Bitcoin manages to stay above the 50-week SMA and hold the lower trendline, buyers may try to push the price back toward resistance at $106,000 and then $110,000, as forecast by several market experts.

BTCUSD Analysis Source: Tradingview

However, if ETF outflows continue and broader market sentiment stays defensive, the risk of a fresh drop remains. In this scenario, the next key support is at $92,000, below which even deeper losses are possible given poor liquidity and little conviction among new buyers.​​

Custom price prediction models suggest a wide trading range in November 2025. Most experts expect BTC’s minimum price to be around $103,746, with a possible rebound toward $119,165 if conditions improve. On the downside, if sellers break the $99,000 zone, expect a swift move to $92,000 before any major recovery attempt.

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