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Bitcoin Updates Today: Bitcoin Balances Macroeconomic Concerns with Strong On-Chain Fundamentals

Bitcoin Updates Today: Bitcoin Balances Macroeconomic Concerns with Strong On-Chain Fundamentals

Bitget-RWA2025/11/12 08:06
By:Bitget-RWA

- A $235M leveraged short by a $11B Bitcoin whale highlights bearish sentiment amid U.S. shutdown risks and global economic uncertainty. - Bitcoin ETFs saw $1.28B in weekly outflows, with BlackRock's IBIT and Fidelity's FBTC leading withdrawals despite $59.97B cumulative inflows. - NFIB's record-low small business optimism and China's $13B Bitcoin theft accusation add macroeconomic and geopolitical pressures. - Mixed signals emerge as $1.15M ETF inflow and $14.1B trading volume suggest buyer re-engagement

Bitcoin Encounters Harsh Realities as Small Business Confidence Plummets

Bitcoin’s value is under continued downward pressure, highlighted by a $235 million leveraged short placed by a major “whale” investor, reflecting diminishing faith in the digital asset. This trader, whose holdings total $11 billion in

assets, initiated a 10x leveraged short on Monday, risking forced closure if Bitcoin climbs above $112,368, according to blockchain analytics provider Hypurrscan . This move comes after the same investor profited $200 million from a September price drop, underscoring the ongoing bearish mood amid worries about a potential U.S. government shutdown and global economic instability.

This sentiment is mirrored in the broader market, as Bitcoin ETFs saw $1.28 billion in net withdrawals last week, indicating growing caution among large investors. BlackRock’s IBIT led the outflows with $580.98 million withdrawn, while Fidelity’s FBTC experienced $438.3 million in redemptions, as

noted. Despite these withdrawals, total inflows into Bitcoin ETFs remain at $59.97 billion, showing a divided investor outlook.

Broader economic challenges have added to Bitcoin’s woes. The National Federation of Independent Business (NFIB) reported that small business optimism has dropped to its lowest point since April, with both hiring and sales slowing. This weakening confidence—often a warning sign for the wider economy—has sparked fears that Bitcoin, which is sensitive to liquidity, could face more selling if the government shutdown continues, as

highlighted.

Bitcoin Updates Today: Bitcoin Balances Macroeconomic Concerns with Strong On-Chain Fundamentals image 0
However, not all indicators are negative. On Monday, U.S. Bitcoin ETFs saw a $1.15 million inflow, reversing a week of significant outflows and hinting at possible stabilization, as reported. Analytics firm Glassnode observed early signs of renewed buying interest as Bitcoin tests the $100,000 support, with spot trading volume jumping to $14.1 billion. Meanwhile, geopolitical tensions have added to market volatility, with China accusing the U.S. of seizing 127,000 Bitcoin in a “state-level hack.” The U.S. Justice Department defended the seizure as legal, but the dispute has frozen 0.65% of Bitcoin’s total supply, potentially tightening liquidity, as reported.

Experts remain divided on Bitcoin’s short-term direction. Some anticipate a slow recovery toward $150,000 by 2026, citing possible Federal Reserve rate cuts and renewed institutional demand, while others warn of a potential drop to $90,000 if economic conditions worsen, as

stated. Technically, Bitcoin is consolidating near $105,000, trading within a range defined by resistance at $107,500 and support at $102,000. A move above $107,500 could trigger a short-term rally, while falling below $102,000 may lead to a test of the $99,000–$97,000 support zone, as observed.

At present, the market is in a holding pattern. The outcome of the U.S. government shutdown—pending a Congressional vote on a funding bill this week—could be a major catalyst. A bipartisan agreement would likely encourage risk-taking, while continued political stalemate could deepen the downturn. As one trader remarked, “Bitcoin is currently balancing between macroeconomic pessimism and on-chain strength. The coming days will reveal which side wins out.”

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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