Bitcoin Price Analysis: BTC Dips To $94,000, Struggles To Regain Momentum

Bitcoin (BTC) has dropped to $94,000 as it struggles to regain momentum after dropping to a low of $92,843 over the weekend. The flagship cryptocurrency is marginally down over the past 24 hours, trading around $94,067

Analysts believe Bitcoin is at a pivotal juncture, with the fate of the market cycle depending on maintaining key technical levels and incoming macro signals. Meanwhile, spot Bitcoin ETFs have shed over $1.10 billion, marking their third consecutive week of outflows. 

Harvard University Increases Bitcoin Exposure 

Harvard University has increased its exposure to BlackRock’s IBIT ETF by 250% in the third quarter. The university bought into the fund earlier this year. Harvard Management Company stated in a regulatory filing that it currently holds over 6.8 million shares in the iShares Bitcoin Trust ETF (IBIT), worth $442 million as of September 30. Bloomberg ETF analyst Eric Balchunas stated that it is extremely rare to “get an endowment bite on an ETF,” adding that IBIT was Harvard’s largest position in its 13F. 

“Just checked and yeah, IBIT is now Harvard's largest position in its 13F and its biggest position increase in Q3. It's super rare/difficult to get an endowment to bite on an ETF- especially a Harvard or Yale, it's as good a validation as an ETF can get. That said, half a billion is a mere 1% of the total endowment.”

Harvard has also invested in major US technology companies, including Amazon, Meta, Microsoft, and Alphabet. It has also nearly doubled its exposure to gold, boosting its ownership in the gold-backed ETF, SDPR Gold Shares (GLD). 

Big Players Not Concerned About Bitcoin Price Action 

Major players, including Strategy’s Michael Saylor and American Bitcoin’s Eric Trump, are not too concerned about Bitcoin’s latest price slump. Eric Trump, founder of American Bitcoin and the executive vice president of the Trump Organization, stated, 

“I laugh honestly [at questions on the recent pullback]. Like, I literally laugh because it's almost like not a serious question. Exactly two years ago today, it was at $36,500. And what are we sitting at? You know, $102,000, $103,000, $105,000. We're dancing in that region. It was well over $120,000. So you had what, almost a 200% return in two years?”

Meanwhile, Strategy executive chairman Michael Saylor believes this is the perfect time to get into Bitcoin, stating, 

“We're in the digital gold rush, and 2035 is the .99 year. That means that 99% of all Bitcoins will have been mined in the year 2035. If you want Bitcoin, you need to get it between now and then. Because the last 1% of bitcoin comes out over 100 years. There's no doubt in my mind, bitcoin will be a larger asset class than gold by the year 2035.”

US Spot Bitcoin ETFs Record $1.1B In Third Week Of Outflows 

U.S.-listed Bitcoin ETFs recorded a weekly outflow of $1.11 billion for the week ending November 14, marking their third consecutive week of outflows. According to data from SoSoValue, BlackRock’s IBIT registered $532 million in net outflows, the largest last week. IBIT’s cumulative net inflow currently stands at $63.79 billion. Meanwhile, Grayscale’s Bitcoin Mini Trust (BTC) recorded a net weekly outflow of almost $290 million last week. Simon Gerovich, CEO of Japanese Bitcoin treasury firm Metaplanet, noted, 

“A BTC ETF provides fixed exposure to Bitcoin.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) is struggling to regain momentum after dropping to a low of $92,943 over the weekend. The flagship cryptocurrency registered a sharp drop on Friday, falling to a low of $93,951 before settling at $94,503. The price recovered on Saturday, rising 1.10% to $95,544. However, bearish sentiment returned on Sunday as BTC fell to an intraday low of $92,943 before settling at $94,183. The flagship cryptocurrency is marginally down during the ongoing session, trading around $94,000. 

Overall sentiment sits in “extreme fear” territory, with the current reading at 17 as selling pressure begins to intensify again after a brief respite. According to analysts, macro cues are hawkish, and fund data reveal substantial stress in Bitcoin-focused products. There are also warnings of a “mini bear market,” according to crypto insights platform Matrixport. 

“Our data showed a market losing momentum and lacking the catalysts needed for a sustained rally. With ETF flows weakening, OG investors reducing exposure, and macro conditions offering no immediate catalyst, the path forward remains highly dependent on upcoming policy decisions from the Federal Reserve.”

BTC’s plunge to a low of $92,943 over the weekend led to the flagship cryptocurrency briefly losing all its gains this year. Markets remained in the red despite the US government reopening on Thursday after a record shutdown. Market analysts expected 2025 to be a strong year for crypto following President Trump’s inauguration on January 20. The Trump administration has been the most pro-crypto administration to date, and has largely followed through on most of its promises. The momentum has been further buoyed by regulatory clarity and the emergence of Bitcoin treasury companies, and rising inflows into Bitcoin ETFs. 

However, the uncertainty around tariffs and the government shutdown, which ended after a record 43 days, has led to several substantial BTC price pullbacks. OG Bitcoin whales selling their holdings have further hindered a recovery and pushed prices lower despite positive regulatory and macroeconomic developments. However, Glassnode analysts argue that the “OG Bitcoin whales dumping” narrative isn’t as strong as it is being made out to be, explaining that it is “routine bull market behavior,” particularly during the late stages of a bull run.

“This steady rise reflects increasing distribution pressure from older investor cohorts — a pattern typical of late-cycle profit-taking, not a sudden exodus of whales.”

BTC ended the previous weekend in positive territory, rising over 2% and settling at $104,694. The price continued pushing higher on Monday, rising 1.23% to cross $105,000 and settle at $105,979. BTC reached an intraday high of $107,482 on Tuesday. However, it lost momentum as bear market conditions set in. As a result, it fell nearly 3% and settled at $103,009. Sellers retained control on Wednesday as the price fell 1.33% to $101,639.

Source: TradingView

BTC faced substantial selling pressure and volatility on Thursday. As a result, it slipped below the crucial $100,000 mark, falling to a low of $97,870 before settling at $99,614. Selling pressure intensified on Friday as the price plunged over 5%, falling to a low of $93,951 before settling at $94,503. Despite the overwhelming selling pressure, BTC recovered on Saturday, rising 1.10% to reclaim $95,000 and settling at $95,544. Selling pressure returned on Sunday as BTC fell to a low of $92,943 before settling at $94,183, ultimately dropping 1.42%. The flagship cryptocurrency is marginally down during the ongoing session, trading around $93,915.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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