Bitcoin trades near $87,000 after a sharp correction from its $120,000 highs.
ETF outflows and fund managers’ selling have increased market pressure.
Mining activity and network strength remain solid despite price volatility.
Bitcoin traded around the mid-$80,000 range on November 26, 2025. Most major price trackers showed Bitcoin near $87,000, with noticeable intraday swings as the market reacted to new macroeconomic updates and crypto-specific developments. Even after several sharp drops, Bitcoin continued to hold a large portion of its yearly gains, but the mood across the market stayed cautious.
The Bitcoin price decline that began in mid-October 2025 has been one of the steepest of the year. Bitcoin’s all-time highs above $120,000 in October were followed by a fast and intense selloff. This correction pushed the price toward the low-$80,000 zone by late November.
The fall was quick and widespread, as selling pressure appeared in the spot market, derivatives market, and across major institutional investment products. This correction stood out for its size and speed of impact on the market.
One of the biggest forces influencing the market in November has been ETF activity. Bitcoin ETFs saw strong outflows during the month. When money flows out of these funds, managers must sell Bitcoin, which increases selling pressure in the open market. A wave of outflows from institutional investors signaled increasing risk aversion and added to the downward momentum.
Worries about high interest rates in the United States created more pressure. Many analysts have stated that interest rates will stay higher for longer, which generally hurts risk assets like crypto. As equities fell, Bitcoin followed, showing the influence of the surrounding financial environment.
Market data showed that much of the selling during November happened during US market hours. This suggests that American institutional investors and traders had a strong influence on the decline.
Asian and European sessions did not show the same level of aggressive selling, which indicates that the US market has been the main driver of volatility during this correction.
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Short-term technical support has been seen around the $90,000–$92,000 range. If Bitcoin fails to hold this zone, analysts warn the price could revisit earlier lows in the $80,000s.
The market would need to reclaim the $100,000 psychological level and hold above recent consolidation areas to regain a strong bullish surge. Any upward move would need stable trading volume to confirm real buying interest.
Fundamental factors still offer long-term support for Bitcoin. The next Bitcoin halving is expected to happen in 2026, which will reduce the amount of new Bitcoin. Historically, this process has helped push prices higher in the months following the event due to reduced supply.
Institutional investors, ETF products, and stronger macro connections make price movements more complex than before. Some long-term holders took profits ahead of the 2026 halving, reducing the chance of an immediate supply shock.
Even with this, the halving remains one of the most important events for long-term sentiment.
Market sentiment turned into fear during the most unfortunate part of the November drop. This sentiment arises when uncertainty is very high.
On-chain data reveals that miners continue to operate strongly, with mining difficulty and hashrate remaining high. Healthy network indicators show that Bitcoin’s underlying system is functioning well even during volatile price periods.
Exchange activity also increased as traders reacted to the fast decline, showing that the market remained active and highly engaged.
If ETF outflows slow down and interest-rate expectations in the United States become clearer, Bitcoin may stabilize in the $80,000–$90,000 range. This could lead to a period of sideways movement before any recovery. A stronger recovery might attempt to move back toward higher levels, including retests of five-figure psychological zones.
On the other hand, if heavy selling continues during US market hours and if more ETF redemptions occur, the price could fall further into the $70,000–$80,000 area before forming a strong bottom. Much will depend on risk sentiment, institutional flows, and upcoming macroeconomic signals.
Also Read: Why Bitcoin is Heading for its Worst Monthly Performance Since 2022
Bitcoin remains in a state of growing volatility, influenced by ETF flows and the macroeconomic environment. Long-term holders are looking at overall supply conditions and the 2026 halving. Monitoring ETF activity, US financial updates, and on-chain accumulation trends will help determine whether the current drop represents a temporary pullback or a deeper shift in market structure.
1. What is the current price of Bitcoin?
Bitcoin is trading around $87,000, recovering slightly after falling from its recent all-time high above $120,000.
2. Why did Bitcoin drop so sharply from $120,000?
The decline was mainly driven by ETF outflows, profit-taking by institutional investors, and concerns about high interest rates in the United States.
3. Is Bitcoin still affected by macroeconomic conditions?
Yes. Bitcoin continues to react strongly to US interest-rate expectations, stock-market trends, and global risk sentiment.
4. What role does the 2026 halving play in Bitcoin’s price outlook?
The 2026 halving will reduce new Bitcoin supply, which has historically supported long-term price growth, although today’s institutional market structure makes reactions more complex.
5. Are Bitcoin’s network fundamentals still strong despite the price drop?
Yes. Mining difficulty and hashrate remain high, showing that the Bitcoin network is secure and operating normally even during market volatility.