Bitcoin is trading near $87,050 as it maintains support at $86,000 despite significant outflows from ETFs and spot markets totaling over $270 million. The cryptocurrency's price structure remains bearish, with key exponential moving averages (EMAs) acting as resistance. Data from Coinglass indicates $122.39 million in net outflows on November 25, highlighting persistent selling pressure. Additionally, ETF outflows reached $151 million on November 24, contributing to the downward momentum. The market is currently navigating between a rising long-term trendline and a descending short-term channel as November draws to a close.