Nov 30th, 2025• 3 min read
Bitcoin's November Struggles: 17% Drop Makes It Second-Worst Month
Bitcoin is ending November with a brutal 17% decline, marking its second-worst monthly performance of 2025 as institutional outflows and macro headwinds weigh heavily on the market.
Key takeaways
📉 Steep Decline: Bitcoin dropped over 17% in November, making it the second-worst month of 2025 after opening near $110,000.
💸 Massive Outflows: U.S. Bitcoin ETFs recorded $3.48 billion in outflows during November, the second-largest monthly outflow since launch.
🏛️ Government Impact: The ongoing U.S. government shutdown and Trump tariff announcements created additional market pressure.
⚡ Panic Selling: Short-term holder losses reached $427M/day, the highest since November 2022, indicating widespread capitulation.
🎯 Support Levels: Bitcoin briefly touched seven-month lows under $80,000 before recovering to current levels around $90,000.
Deep dive
Bitcoin's November performance reflects a perfect storm of institutional deleveraging and macroeconomic uncertainty.
The month began with promise near $110,000 but quickly deteriorated as the U.S. government shutdown reduced market liquidity and Trump's expanded China tariffs spooked global markets.
The $3.48 billion in ETF outflows represents the second-largest monthly redemption since these products launched, signaling that institutional investors are pulling back from crypto exposure.
Short-term holder capitulation reached levels not seen since the November 2022 crash, with realized losses hitting $427 million per day.
While Bitcoin has stabilized around $90,000, the technical picture remains challenging as it needs to reclaim $98,000 to invalidate the month-long downtrend from October's $126,000 peak.
Polaris insights AI-generated
Source:
beincrypto.comDisclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
