Bitcoin has fallen below $93,000, breaching key technical levels and its 200-day moving average, as market pressures mount. Coinbase Institutional has noted weak buying interest, advising traders against pursuing declining prices. November 2025 saw record ETF outflows, significant whale liquidations, and a drop in treasury valuations. A major Bitcoin whale offloaded 11,000 BTC, valued at $1.3 billion, from late October to November. U.S.-listed Bitcoin ETFs now hold 1.36 million BTC, but redemption pressures have reversed the accumulation trend from 2024. Additionally, MSCI's potential exclusion of crypto-heavy firms from its indices in January 2026 could lead to $2.8 billion to $8.8 billion in forced selling.