Bitcoin Price Experiences Correction Amid ETF Outflow and Market Dynamics

Significant Outflows Impact Crypto Market

The Bitcoin price faced downward pressure on November 13, 2025, declining 1.95% to US$103,063 within 24 hours. According to Coin Market Cap data, this correction was primarily attributed to substantial outflows from Bitcoin ETF products and significant selling activities in crypto exchanges.

ETF Outflows and Whale Transactions

Fyqieh Fachrur, an analyst at Tokocrypto, highlighted that the third-largest historical outflow from spot Bitcoin ETFs occurred the previous week, with more than US$1.2 billion withdrawn within a single week. Furthermore, approximately 19,500 BTC valued at US$2 billion was transferred to Binance by large accounts (whales) between mid-October and early November, increasing market supply and pressuring prices.

Market Liquidity and External Factors

The correction was further exacerbated by a rotation of funds into US stock markets. Fyqieh noted that the rally in major indices such as Nasdaq and S&P 500 absorbed global liquidity, reducing investor appetite for crypto assets. Additionally, the strengthening US dollar following the easing of US government shutdown concerns contributed to Bitcoin's decline.