US Bitcoin ETFs snap five-day bloodbath as BTC reclaims $92K

As of November 20, 2025, Bitcoin is priced at $91,667, with a market capitalization of $1.82 trillion. The cryptocurrency has been experiencing fluctuations, with recent support levels identified at $89,000. Analysts are observing a potential rebound after a period of decline, but concerns remain regarding market volatility and investor confidence.

Recent Bitcoin whale activity indicates a shift in market dynamics, with significant accumulation occurring during periods of price weakness. This suggests that Bitcoin's supply is transitioning from short-term traders to long-term holders. The limitations of Bitcoin's base layer, including low throughput and high fees, are driving interest in Layer-2 solutions like Bitcoin Hyper, which utilizes SVM technology for enhanced scalability.

Metaplanet has announced a new capital structure backed by Bitcoin, featuring a $150 million perpetual preferred offering. This innovative financial strategy aims to enhance the company's investment capabilities and leverage the growing interest in cryptocurrency markets.

Owen Gunden, a prominent Bitcoin investor, has sold his entire Bitcoin stack valued at $1.3 billion amid growing retail panic. This sale coincides with a significant increase in institutional ownership of Bitcoin ETFs, which has reached 40%, despite prevailing market fears.

Bitcoin's recent sell-off has raised questions about whether the market has reached a local bottom. Chris Kuiper, VP of Research at Fidelity Digital Assets, notes that on-chain and sentiment indicators are reminiscent of previous bull-market corrections. He emphasizes uncertainty in market predictions but highlights the short-term holder MVRV chart as a useful tool for assessing market conditions. Current trends show short-term holders are experiencing losses similar to past market corrections.

Nvidia's earnings report for Q3 revealed a revenue of $54.8 billion, which could influence market sentiment towards cryptocurrencies. Bitcoin's recent decline towards seven-month lows appears sentiment-driven, while a dovish macroeconomic environment may lead to a relief rally in major cryptocurrencies. The Best Wallet Token, which integrates various features for multi-chain users, is positioned to benefit from this potential shift in market dynamics.

Co-founders of Samourai Wallet have been sentenced to four and five years in prison in the US for operating an unlicensed money-transmitting business through their non-custodial crypto mixer. This ruling reinforces the Department of Justice's stance on cryptocurrency mixers as money transmitters under US law.

Bitcoin has shown signs of stabilization despite significant outflows from exchange-traded funds (ETFs) and ongoing rate repricing by the Federal Reserve. The cryptocurrency's price has fluctuated around $90,000, reflecting a complex market environment influenced by investor sentiment and macroeconomic factors.