Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market
The post Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market appeared on BitcoinEthereumNews.com.
Bitcoin trades near $84,200 after losing the 95,900 support cluster and retesting a long-term trendline. Spot outflows rose by $103M, extending a month of heavy red prints that erased every rebound. BTC now sits above the key $81,000 demand zone as EMAs slope lower and intraday structure favors continuation over reversal. Bitcoin trades near $84,200 after slicing below the $95,900 support cluster that held for most of the year. The rejection at $116,800 triggered a sharp rotation out of long positions, and sellers have driven the price directly into a long-term trendline that has defined the market. Spot Outflows Rise As Risk Appetite Weakens CoinGlass data shows another heavy outflow day, with roughly $103 million exiting exchanges on November 22. Source: CoinGlass This continues a month of persistent red flows, including several sessions above $200 million in net exits. Liquidity is leaving the ecosystem rather than entering, and this shift explains why each bounce attempt fades quickly. Trendline Break Signals Short-Term Weakness The daily chart shows a clear rejection pattern. Bitcoin failed to break above $116,800 and rolled over with heavy momentum. Price then lost the 20-day, 50-day, 100-day, and 200-day EMAs in rapid succession. All four EMAs are now angled downward and acting as a stacked resistance zone. Source: TradingView The supertrend flipped bearish near $98,100 and has continued to trail price lower. That flip marked the start of the current leg down. The break of the rising diagonal removed the last structural support before the current test of the long-term base. Volume profile levels reinforce the same picture. Bitcoin lost the high participation zone near $95,900, which served as a major point of control for nearly eight months. The next significant liquidity layer sits near $81,000, followed by a broader accumulation belt between $76,000 and $72,000. Below that…
Filed under: News - @ November 22, 2025 5:31 pm