Key Takeaways
- •Bitcoin's critical support level is identified at $94,000.
- •Exchange-Traded Funds (ETFs) recently recorded significant net inflows totaling $524 million.
- •A substantial 72% of Bitcoin holders are currently in a profitable position.
Market Performance and Expert Analysis
Bitcoin's recent market performance has garnered significant attention after a notable slide. Ki Young Ju, CEO of CryptoQuant, has shared insights on the potential for a market rebound. He emphasized the importance of capital flows in determining Bitcoin's future trajectory.
Issuing statements on X (formerly Twitter) and through official CryptoQuant posts, Ki Young Ju reiterated the critical support level for Bitcoin. He remarked that a bear market cycle is only confirmed if Bitcoin falls below the cost basis of 6-12 month holders at $94,000.
Analyzing Bitcoin's Capital Inflows and Institutional Demand
Increased capitalization, according to Ju, keeps Bitcoin fundamentally sound, with potential for a rebound if capital inflows persist. Recent ETF flows illustrate this dynamic. After significant outflows, ETFs saw a strong rebound with $524 million in net inflows recorded on a notable trading day.
Key institutional players have been bolstering this trend. Strategy (formerly MicroStrategy) and ETF buyers are significant contributors to Bitcoin demand this cycle. However, whale sales, which accounted for 815,000 BTC last month, remain a headwind.
Impact on Other Key Cryptocurrencies
Bitcoin’s price consolidation currently ranges from $100,000 to $105,000, with critical support levels between $94,000 and $102,000. Ethereum (ETH) experienced ETF net outflows, bringing its price down to $3,200, a daily drop of 5.5% as of November 14.
Solana (SOL), in contrast, has seen positive momentum with $8 million net inflows from ETFs, indicating shifting altcoin interest. The BNB Chain witnessed a significant drop in transaction volume by 15% amid broader market impacts.
Key On-Chain Data Tracking
Recent on-chain data shows a reduction in realized weekly profit-taking to $1–$2 billion since late September, down from over $4 billion in July. This suggests easing sell pressure. Bitcoin's 365-day moving average stands at approximately $102,000, serving as a notable support level.
If this support is lost, the next critical level is the cost basis for recent holders at $94,000. In the DeFi sector, total value locked (TVL) and liquidity metrics remain subdued, with the BNB Chain particularly affected.
Institutional Influence and Market Prognosis
The current market correction is compared to past events in June 2024 and February 2025, which witnessed 22% recoveries post-corrective phases. Historically, substantial ETF inflows have often preceded periods of stabilization or price rallies in BTC.
Statements from Bitfinex analysts noted that 72% of Bitcoin is currently in profit, aligning the present correction with prior rebounds. Meanwhile, regulatory and institutional updates indicate no new compliance directives, offering a static backdrop for liquidity prospects.
Community and Developer Sentiment
Community sentiment remains cautious, with many waiting for confirmation of support at the $94,000 level. In developer circles, no major updates or protocol changes have been signaled, maintaining a stable technical landscape.
Activity on platforms like GitHub and discussions within crypto communities reflect a wait-and-see approach as market participants look for stronger signals of a trend reversal or further stabilization.