Key Highlights
- November 19, Bitcoin dropped beneath $89,000 with 4% crash on the each day chart
- Abu Dhabi Funding Council has introduced an extra $250 million value of shares in BlackRock’s iShares Bitcoin Belief (IBIT)
- In response to the crypto analyst, the SuperTrend indicator is exhibiting a serious downturn for Bitcoin
On November 19, Bitcoin plunged beneath $89,000 with a 4% drop on a each day chart. It holds a market capitalization of $1.77 trillion.
On the time of writing, BTC is exhibiting a slight rebound as it’s at the moment buying and selling at round $90,108.83 with $77.19 billion in buying and selling quantity within the final 24 hours, in keeping with CoinMarketCap.
Crypto Dealer Raises Promote Sign for Bitcoin
In response to Ali, a crypto analyst on X, the SuperTrend indicator, a preferred technical evaluation instrument, is exhibiting a serious downturn for Bitcoin.
https://t.co/t6c0IavsNG
— Ali (@ali_charts) November 18, 2025
This indicator has a documented historical past spanning over a decade of precisely figuring out main shifts in market tendencies.
In response to its historic information, each time this indicator has turned bearish, it has constantly been adopted by a serious correction in Bitcoin’s value. Right here is the historic information of earlier promote indicators:
- February 2014: 75% Crash
- January 2018: 73% Crash
- October 2019: 54% Crash
- Might 2021: 38% Crash
- January 2022: 67% Crash
The principle issue is the indicator’s historic consistency. On each previous event that the SuperTrend has flipped to a promote sign on the weekly chart, Bitcoin’s value has subsequently skilled a serious drop.
The indicator has now entered this promote mode as soon as once more, which means that BTC might be coming into a brand new corrective part out there.
In response to Ali, if the present sign follows the historic sample, the decline might be substantial. The common value drop from all earlier SuperTrend promote indicators calculates to roughly 61%.
If this occurs, it applies this common decline to Bitcoin’s latest market construction, which hints towards a possible value goal close to the $40,000 stage.
Nevertheless, it’s essential to notice that this sign doesn’t assure such a transfer will happen. However based mostly on greater than 10 years of historic information, it’s a main stage that market members are carefully watching.
Abu Dhabi Funding Council Will increase Bitcoin ETF Holdings
The Abu Dhabi Funding Council has considerably elevated its funding in a serious BTC exchange-traded fund (ETF). In response to a report, the sovereign wealth fund bought an extra $250 million value of shares in BlackRock’s iShares Bitcoin Belief (IBIT).
🇦🇪 ABU DHABI INVESTMENT COUNCIL: “We see Bitcoin taking part in an more and more vital position alongside gold.” – Bloomberg pic.twitter.com/bAXCzeJfUZ
— Bitcoin Archive (@BitcoinArchive) November 19, 2025
This funding comes when the cryptocurrency market is witnessing an enormous liquidation, which noticed the worth of Bitcoin fall by roughly 20% because the finish of September.
The spokesperson said that each property serve to diversify funding portfolios and confirmed the Council’s intention to proceed holding each as a part of its ongoing technique. This latest buy comes after an preliminary funding of $436.9 million made in the identical ETF again in February of 2025.
Bitcoin ETFs See Main Outflows in November
Buyers have pulled practically $3 billion out of U.S. spot BTC ETFs this month, in keeping with information from Farside Buyers. This main withdrawal marks a pointy reversal for a market that had beforehand seen sturdy investor demand. The pattern reveals a change in sentiment as main funds expertise substantial redemptions.
(Supply: Farside)
Main this wave of outflows is BlackRock’s iShares BTC Belief (IBIT). The fund has now develop into the biggest supply of redemptions.
In a single buying and selling session, the fund noticed $523 million withdrawn, representing its largest 1-day outflow because it started buying and selling. Of the entire $3 billion withdrawn in November, the BlackRock fund accounts for roughly $2.1 billion. This fixed streak of outflows reveals the depleting belief of institutional traders within the crypto market. This downward pattern was additionally witnessed in different cryptocurrencies like Ether, XRP, Solana, BNB, and others
