Bitcoin dropped below $90,000 after reaching approximately $94,000 earlier this week. The pullback has sparked debate among market participants about whether this represents a temporary correction or signals the end of recent upward momentum. The cryptocurrency is trading near $89,415, down over 3% in the past 24 hours.

Bitcoin climbed back above $90,000 on November 26, posting its strongest weekly gain since the October 10 decline. Data show over $2 billion in Bitcoin flowed into Binance over seven days, while stablecoin inflows totaled only $735 million during the same period, according to CryptoQuant. On-chain analyst CryptoOnchain warns the supply-demand gap may limit buying power to absorb potential selling pressure.

Bitcoin stabilized above $86,000 after a week of intense selling activity. Data show approximately 20,000 BTC—worth nearly $2 billion—moved to centralized exchanges over the past seven days, reflecting profit-taking behavior among holders. Exchange inflows peaked at roughly 81,000 BTC on November 21, the highest level since mid-July.

On-chain data shows approximately 71,000 BTC in long positions versus 27,900 BTC in shorts across 19 exchanges, according to Alphractal CEO Joao Wedson. The disparity has triggered cascading liquidations as Bitcoin breached key support levels at $100,000 and $90,000. Bitcoin traded at $86,251 at the reported time, up 3% over 24 hours.

Bitcoin exchange-traded fund holders may face their first significant pressure test as the cryptocurrency trades near key support levels. Data shows the average purchase price for U.S.-based ETF investors sits around $79,300, with the asset currently trading at approximately $84,500 after declining over 11% in the past week. Analysts warn that a breach below this cost basis could trigger panic selling among retail participants who have not experienced previous Bitcoin market cycles.

US-based Bitcoin exchange-traded funds posted weekly net outflows exceeding $1.1 billion as the cryptocurrency fell below $100,000. On November 14, the ETF market recorded a single-day outflow of $492.1 million, marking the third consecutive session of withdrawals. BlackRock's iShares Bitcoin Trust led outflows with $463.1 million.

Bitcoin has experienced sustained downward movement since mid-October, falling below the $100,000 threshold. Data show intensified sell-side activity on Binance, with the BTC Taker Imbalance % metric at -0.17%. Selling volume reached $1.517 billion against $1.058 billion in buying volume, signaling seller dominance in the current market structure.

Bitcoin has traded around $102,000 over the past 24 hours, data show. On-chain analyst Burak Kesmeci projects a local bottom could form near $95,000 to $96,000, based on historical UTXO age band patterns. The 1-week to 1-month realized price band crossed below the 1-month to 3-month band on November 1, a signal that has preceded corrections averaging 13.3% in 2025.

Bitcoin's Sharpe Signal metric on Binance has declined to approximately -0.277, reflecting deteriorating risk-adjusted returns for market participants, according to data from Arab Chain. The negative reading coincides with Bitcoin trading around $101,747. The metric had maintained values above 0.2 between July and September, a period that aligned with positive price momentum.