Bitcoin Updates: Breach of Bitcoin Support Highlights Crisis of Trust in Cryptocurrency

Bitcoin Falls Below Key Threshold, Investors Remain Wary

Bitcoin (BTC) has slipped under important support points, prompting increased caution from market participants as the digital asset struggles to recover

. The value dropped beneath $100,000 for the first time since June, with experts pointing to a mix of factors such as ongoing ETF withdrawals, lackluster demand from both institutions and individuals, and negative on-chain indicators . The 365-day average at $102,000 now serves as a significant technical marker, and a steeper decline.

The recent downturn has been intensified by a notable drop in spot ETF inflows, with $870 million exiting on Thursday—marking the second-largest single-day outflow since inception . This comes amid a wider pullback of institutional funds, as ETFs have seen a total of $59.34 billion withdrawn by late November . Grayscale’s and BlackRock’s , reflecting declining trust in the sector. At the same time, ETFs experienced $259.7 million in withdrawals, .

Interest from retail investors has also weakened. XRP’s futures open interest (OI) has dropped sharply to $3.61 billion, a significant fall from its July peak of $10.94 billion,

. that the market has entered a bearish cycle, fueled by persistent selling from long-term holders and reduced risk appetite. The Crypto Fear & Greed Index has declined to 16, , indicating heightened fear among traders.

Despite the downturn, some companies have demonstrated strength.

a third-quarter profit of $3.47 million and saw its revenue double to $64.2 million. The firm’s BTC reserves increased to 4,004 coins, but its shares in pre-market trading as the overall market declined. Likewise, below 1, suggesting its Bitcoin holdings are trading at a discount. Critics claim that from MSTR’s approach has not translated into actual buying, casting doubt on the long-term viability of its acquisition strategy.

Institutional infrastructure is adapting to rising interest.

institutional-level crypto perpetual futures, aiming to boost liquidity and transparency in digital assets. This initiative in the crypto world, where it now ranks 15th globally for cryptocurrency adoption.

Technical experts have pinpointed crucial levels for Bitcoin’s short-term direction.

that dropping below $92,000 or the $88,000 CME gap could signal further downside. On the other hand, at $107,940 could support a short-term bullish scenario.

The market continues to consolidate, with specialists advising prudence. “Bitcoin’s decline is largely driven by uncertainty,” stated CEX.IO’s Yaroslav Patsira, adding that greater clarity on macroeconomic factors—especially regarding Federal Reserve policy—will be key to restoring confidence

. For now, experts recommend keeping an eye on ETF movements, on-chain selling trends, and macroeconomic indicators for possible market triggers .