Institutional Demand Returns As Spot Bitcoin, Ethereum ETFs End Outflow Streak

Bitcoin's price has stabilized around $91,453, showing resilience after a significant sell-off, with analysts noting reclaimed support and a filled fair value gap, indicating potential for further upward movement. This price level is crucial as it reflects the market's response to recent volatility and bears guarding key resistance levels.

Architect Partners has asserted that the Bitcoin digital asset treasury model is not broken, countering prevailing concerns about the sustainability of Bitcoin investments amid market volatility. This statement comes as Bitcoin's price fluctuates significantly, recently rebounding toward $92,000 after a notable sell-off.

Ethereum developers are preparing for the Fusaka upgrade, the second significant upgrade of 2025, scheduled for December 3. This upgrade aims to enhance the network's capacity and efficiency, following the previous Pectra upgrade. The anticipation surrounding Fusaka is heightened by recent adjustments, including an increase in the block gas limit to 60 million.

Bitcoin miners are facing a challenging December as the network's mining difficulty is set to increase from 149 trillion to nearly 150 trillion, while hashprice remains low at around $38.3 PH/s, just above the break-even point for many operations. This situation is exacerbated by a recent decline in Bitcoin's price, which has raised concerns among miners about the sustainability of their operations.

Bitcoin's price remains near $91,000, hindered by weak ETF flows and cautious derivatives trading, despite a rally in stocks and gold driven by rising bets on interest rate cuts. Analysts express concern over Bitcoin's inability to break this key resistance level.

Recent research indicates that Bitcoin's price action is closely mirroring the 2022 bear market, with a correlation rate reaching 98%. This trend coincides with a notable influx of $220 million into Bitcoin exchange-traded funds (ETFs), suggesting a potential shift in market sentiment.

Strategy CEO Phong Le announced that the company would consider selling Bitcoin as a last resort if its stock falls below net asset value and funding options become unavailable, emphasizing a financial decision-making process.

Bitcoin Spot ETFs in the U.S. have reversed a four-week trend of outflows, recording $70 million in net inflows, coinciding with a recovery in Bitcoin's price. This positive shift marks an end to a month characterized by losses for these investment funds, reflecting renewed investor interest in cryptocurrency products.