Bitcoin Updates: Crypto Bulls and Bears Face Off While Bitcoin Challenges Crucial Support Levels During Uncertain ETF Inflows

The cryptocurrency market is facing heightened uncertainty as questions mount about whether

has reached its lowest point following a turbulent drop in prices, with experts and traders divided on future prospects. On November 15, blockchain analytics company Santiment cautioned that : when most market participants believe the bottom is in, the actual low often occurs later, spurred by ongoing downward momentum. This perspective has gained traction after Bitcoin briefly slipped below $95,000 earlier this week, .

Michael Saylor, MicroStrategy’s CEO, has reaffirmed his commitment to accumulating Bitcoin, dismissing rumors that the company is offloading its assets. He maintained his optimistic outlook,

by 2025. Yet, his confidence stands in contrast to bearish signals emerging from blockchain data. According to CryptoQuant’s latest weekly analysis, the Bitcoin market is currently in a “deeply bearish” state, . The report attributes this to three main reasons: fading price momentum after a significant liquidation, declining spot market demand, and a slowdown in stablecoin liquidity growth. Over the past month, long-term holders (LTHs) have —the highest amount since January 2024—adding to the downward pressure.

Meanwhile, flows into exchange-traded funds (ETFs) have highlighted contrasting investor attitudes. Farside Investors noted a , indicating renewed interest from institutional players. In contrast, ETFs experienced a $1.071 billion outflow, pointing to a shift in capital away from the second-largest digital asset. : while Bitcoin ETFs are attracting new funds, Ethereum ETFs continue to see withdrawals, highlighting uncertainty about its post-merge trajectory and regulatory environment.

Recent price movements have echoed this uncertainty. After a sharp decline below $102,500, Bitcoin briefly climbed back above $104,000 midweek,

in macroeconomic risks. Still, the 365-day moving average at $102,000—a historically important support level—has been tested multiple times without a clear recovery. this threshold could lead to further declines.

The Fear and Greed Index, which measures overall market mood,

—the lowest reading since early March—signaling a move toward extreme fear. Currently, over 88% of Bitcoin positions are long, suggesting an overextended bullish stance that has often preceded major sell-offs in the past.

As the market stands at a crossroads, participants are watching macroeconomic signals closely, including the potential restart of U.S. government activities and indications from the Federal Reserve. While some view the recent dip as a chance to buy, others warn that

and could extend the current downturn.