Bitcoin ETFs saw $866M in outflows, marking the second-largest drop since Feb. 2025, while Bitcoin’s price remains at $95,765.48
Bitcoin ETFs experienced a significant drop on Thursday, with $866 million in outflows. This marked their second-worst day on record. Despite this, analysts continue to believe Bitcoin’s long-term growth is possible. At the time of writing, Bitcoin’s price stood at $95,765.48.
Bitcoin ETF Outflows and Market Concerns
On Thursday, Bitcoin ETFs saw $866 million in outflows, a sharp decline in investor interest. This was the second-largest outflow after February’s $1.14 billion drop on February 25, 2025, according to Farside Investors. The outflows occurred just after the US government shutdown ended, an event that many had hoped would boost market sentiment.
However, the conclusion of the shutdown did not spark renewed demand for Bitcoin or crypto-linked investment funds. Many investors were hoping for a surge in ETF inflows, but this did not materialize. As a result, some are now questioning the stability of the market and the sustainability of Bitcoin’s recent growth.
Bitcoin ETFs had been crucial drivers of Bitcoin’s momentum in 2025. This sudden dip in demand raises concerns about how much longer they can fuel the market. With fewer institutional investors showing interest, Bitcoin’s future trajectory is now uncertain for some market watchers.
Bitcoin’s Price and Investor Sentiment
Despite the ETF outflows, Bitcoin’s price remained stable at $95,765.48 at the time of writing. According to Ki Young Ju, CEO of CryptoQuant, Bitcoin’s bull market is still intact as long as its price stays above $94,000. If Bitcoin falls below this level, it could signal a shift in market sentiment.
Those who entered Bitcoin 6 to 12 months ago have a cost basis near 94K.
Personally, I do not think the bear cycle is confirmed unless we lose that level. I would rather wait than jump to conclusions. pic.twitter.com/i9a5M0xnMW
— Ki Young Ju (@ki_young_ju) November 14, 2025
Ju stressed that while recent outflows might be concerning, it’s too soon to call the market bearish. He also mentioned that many investors are still holding onto their positions, awaiting further price movements. As long as the price remains above key support levels, Bitcoin’s bull market may continue.
Other analysts, however, believe the market cycle has shifted. Hunter Horsley, CEO of Bitwise, suggested that Bitcoin may have been in a bear market for nearly six months. With new market structures, including Bitcoin ETFs, traditional market cycles may no longer apply.
The Role of Bitcoin ETFs in Market Dynamics
Bitcoin ETFs have had a major impact on the cryptocurrency market, providing a gateway for institutional investors. These funds have made it easier for traditional investors to gain exposure to Bitcoin without directly purchasing the asset. As a result, Bitcoin ETFs played a key role in Bitcoin’s recent price increase.
However, the recent outflows suggest that Bitcoin ETFs may no longer be the driving force they once were. This change could indicate a shift in investor behavior or a shift in how Bitcoin is perceived as an asset. With other crypto investment products emerging, Bitcoin ETFs may face more competition going forward.
Despite these changes, analysts are not giving up on Bitcoin’s future. Many continue to believe that Bitcoin’s potential remains strong. The market may still rebound, depending on broader financial trends and institutional interest.
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