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Bitcoin price stays firm above $106,000 after a brief correction.
Bitcoin ETFs see renewed inflows, lifting overall market sentiment.
Institutional demand and macro trends drive short-term volatility.
Bitcoin price is trading just above the $106,000 mark on November 11, 2025, showing modest intraday gains after a short period of consolidation. Real-time feeds reported BTC around $106,697, reflecting a small positive move versus the prior session. Domestic on-exchange pricing converts this level to roughly Rs. 9.39 million for Indian rupee traders, depending on the exchange and liquidity.
Also Read: Bitcoin’s Next Move: How Far Will the Price Drop Amid Market Sell-Off?
Institutional flows into spot BTC ETFs have seen notable turbulence. A recent streak of six consecutive days of outflows resulted in roughly $2.6 billion withdrawn from US spot Bitcoin ETFs, which exerted downward pressure on the price. One day alone saw over $375 million in outflows from a major fund. However, the outflow cycle was broken when a net inflow of about $240 million was recorded on November 7, signalling a tentative shift in sentiment.
From a technical viewpoint, Bitcoin remains within a trading band rather than engaging in a sharp breakout. The price briefly dipped under $103,000 during the recent corrective phase before recovering toward the $106,000 area.
On-chain metrics show some selling activity by long-term holders and large wallets (“whales”), indicating profit-taking or repositioning. Meanwhile, miner supply and the overall circulating supply remain stable, but elevated exchange inflows correspond with shorter-term selling pressure.
The broader macro environment remains a key backdrop for crypto. Expectations of monetary-policy shifts, geopolitical tensions (including tariff discussions and trade issues), and global liquidity conditions all feed into risk asset appetite, of which Bitcoin is a part.
November is historically a favourable month for Bitcoin, but current sentiment is cautious rather than euphoric. Analysts point out that while the average November return for Bitcoin is high, the median return is far more modest.
Positive catalysts would include renewed ETF inflows, clearer regulatory frameworks favouring institutional access, and broad macro-liquidity expansion. Risks include sustained large outflows from funds, a weakening of the US dollar, and a loss of key support levels that could trigger cascading liquidations. Some analysts now suggest that a decisive drop below around $98,000 could open the door to deeper corrections.
A likely scenario for the next few weeks is a recovery towards $112,000-$120,000 if institutional flows revive and risk sentiment improves. Alternatively, continued outflows and adverse macro cues cannot rule out consolidation or even a move to $90,000-$100,000.
The important takeaway: the price action is now less about exuberant upside and more about liquidity dynamics and macro context.
Also Read: Bitcoin Bounces Back: Is This the Perfect Dip to Buy?
Market catalysts for Bitcoin price today are institutional flows, technical positioning, and macro liquidity. The recent inflows halt, followed by a slight reversal, would suggest that institutional demand is present but not firm. Until momentum strongly resumes or a clear breakout emerges, the market may remain stable, and it is reasonable to expect further upside tests amid downside risk for BTC.
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