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Bitcoin nears key support after 25% drop amid ETF outflows and market pressures.

Market News
15 Nov 2026, 04:22 WIB
Tokenpost
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Bearish
Bitcoin nears key support after 25% drop amid ETF outflows and market pressures.

Bitcoin has dropped about 25% since October 21, nearing the lower boundary of a long-term trend channel after falling below its 200-day moving average. This decline triggered leveraged long liquidations and increased short positions. U.S. spot Bitcoin ETFs saw nearly $3 billion in net outflows from October 30 to November 13, adding to market pressure alongside higher interest-rate expectations, AI sector risk aversion, and a Binance hacking incident. Despite this, Bitcoin has found support near current levels multiple times over the past year, suggesting potential stability ahead. Additionally, a possible IPO by AI company Anthropic may divert funds from crypto, as retail investors use crypto as a short-term funding source.

Bitcoin is trading at Rp1.185.250.800 on Pluang as of Nov 15, 2026 09:41 WIB, down 3.09% in the last day. This price is close to the lower end of its long-term trend channel mentioned in the news. Despite the recent drop, Bitcoin's market cap remains substantial at Rp22.873,45 trillion, with a strong buy interest shown by 70% of Pluang order activity. The typical hold time of 113 days suggests that many investors maintain positions through volatility.

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