Bitcoin’s price descended toward the critical $91,000 zone recently as Bitcoin ETF outflows reversed institutional demand. A major banking entity noted that this negative trend, recorded between December 4 and 5, has significantly increased risk aversion among global investors.
During this period, U.S. spot funds recorded combined net withdrawals of approximately $195 million. BlackRock’s iShares Bitcoin Trust (IBIT) was among the hardest hit, losing nearly $2.7 billion over five weeks, including a single-day drop of $523 million. On the other hand, Ethereum products also reported net outflows of $140.75 million, while Solana funds suffered their largest withdrawals since launch.
Recent activity suggests a tactical portfolio rebalancing rather than an exclusive retail flight. November closed with nearly $3 billion in outflows, pushing cumulative withdrawals since mid-October past $4 billion. Uncertainty regarding Federal Reserve policy and trade tensions are amplifying this sell-off, leaving Bitcoin in a vulnerable position due to thin liquidity.
Likewise, analysts highlight that arbitrage is driving much of the current short-term volatility. Forced liquidations and position covering have caused transient price spikes that do not reflect durable organic demand. Thus, leverage exacerbates both gains and losses, increasing the risk of cascading drops if current support levels fail to hold firm.
Can Bitcoin reclaim $93,200 amidst growing institutional selling pressure?
The digital asset is currently trading in a narrow and precarious range between $91,287 and $92,400. Losing the $91,000 zone could expose lower supports near $90,500 and $90,000 in the short term. Therefore, a decisive recovery of the $93,200 level is crucial to restore bullish momentum and prevent a deeper correction in the broader market.
Finally, this episode underscores that the issuance of exchange-traded products does not immunize the asset against liquidity shocks. The rotation from higher-risk exposures toward stability has left the leading cryptocurrency bearing disproportionate pressure. Investors are expected to closely monitor whether a deeper support test is confirmed or if the market manages to stabilize in the coming sessions.
