Bitcoin Updates: American Bitcoin Holders Pull Back While Asian Markets Strengthen Amid Changing Crypto Liquidity

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin Updates: American Bitcoin Holders Pull Back While Asian Markets Strengthen Amid Changing Crypto Liquidity

Bitget-RWA2025/11/22 16:12

By:Bitget-RWA

- Coinbase's Bitcoin premium index hit -0.0499% on Nov 19, its widest negative level since Q1 2025, reflecting U.S. selling pressure and institutional profit-taking. - U.S. Bitcoin ETFs saw $2.47B in redemptions (63% of total outflows) as prices fell to 7-month lows, contrasting with rising Asian liquidity in spot markets. - Asian markets absorbed BTC inflows while U.S. capital retreated, signaling geographic liquidity reallocation rather than structural demand decline. - Macroeconomic factors including fa

The

Coinbase

Bitcoin

Premium Index has dropped to its most negative point since early 2025, indicating a decline in U.S. demand and heightened caution among institutional players in the crypto sector. As of November 19, the index

registered -0.0499%

, based on Coinglass figures, showing the price difference between Coinbase—a leading U.S. exchange—and the global average. When the premium is negative, it means Bitcoin is trading at a lower price on Coinbase compared to international exchanges, often reflecting selling pressure and a more cautious approach from American investors.

The ongoing negative trend since October 31 points to changing liquidity patterns, with U.S. funds pulling back from domestic crypto holdings. Experts link this to institutions locking in profits after a period of heavy buying, rather than a widespread market downturn. "This situation is similar to the stress seen in February, when the premium nearly reached -$138 as U.S. investors reduced their positions," one market analyst commented.

Overseas exchanges, especially in Asia and Europe

, have experienced increased spot trading and more stablecoin deposits, indicating that liquidity is shifting geographically rather than Bitcoin demand fundamentally weakening.

The softer U.S. market is also highlighted by unprecedented withdrawals from Bitcoin exchange-traded funds (ETFs). BlackRock's

iShares Bitcoin Trust

(IBIT) alone saw $2.47 billion in withdrawals in November, making up 63% of all U.S. spot Bitcoin ETF outflows. This trend intensified as Bitcoin's price dropped to a seven-month low around $83,461, causing ETF investors to incur losses. At the same time,

Asian markets, such as Hong Kong's Bitcoin ETFs

and trading desks in Singapore, have increased their Bitcoin holdings, suggesting these regions are playing a larger part in price discovery.

The negative premium and ETF withdrawals are part of a larger picture of macroeconomic challenges. Diminishing expectations for Federal Reserve rate cuts and a stronger risk-off mood have accelerated the movement of capital away from riskier assets.

Open interest in Bitcoin futures has fallen by 35%

since its October high, and $2 billion in leveraged positions have been wiped out in the last 24 hours, according to CoinGlass. Despite these headwinds,

some market watchers believe the downturn could offer attractive entry points

. "Historically, when prices dip below the realized price, it often creates favorable opportunities for long-term investors," a strategist from LVRG Research observed.

The short-term outlook for the market is still unclear. Although there was a brief period of stabilization in ETF flows, with $75.4 million in net inflows on November 19, institutional investors remain wary. Experts warn that if Bitcoin drops below crucial technical thresholds like $90,000, outflows could pick up speed. The next few weeks will be pivotal in determining whether this correction is a temporary adjustment or the start of a longer bearish trend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- 2025 altcoin market highlights Bitcoin Munari (BTCM), XRP Tundra, and Mutuum Finance (MUTM) leveraging multi-chain infrastructure and structured presales. - BTCM's fixed-supply model ($0.35 presale) and Solana-based SPL token deployment aim for 2027 Layer-1 migration with EVM compatibility and privacy features. - XRP Tundra offers cross-chain yield via dual-token system (TUNDRA-S/X) with $0.214 Phase 12 pricing and audited Cryo Vaults for Bitcoin holders. - Mutuum Finance (MUTM) nears 99% Phase 6 allocat

Bitget-RWA•2025/11/22 19:26

Bitcoin News Update: Innovative Tokenomics and Interoperable Cross-Chain Features: The Key to Altcoin Success in 2025

Bitcoin Updates: Institutional Funds Move: AI ETFs Gain Momentum Amid Growing Crypto Debt Issues

- Bitcoin and Solana face renewed selling pressure as digital asset treasury companies (DATCos) offload holdings amid $42.7B corporate debt inflows into crypto. - DATCos, underwater on $126K Bitcoin peak investments, approach parity in market-to-net-asset-value ratios, triggering 40% Solana treasury value declines since October. - Institutional capital shifts toward AI ETFs (e.g., Global X AI ETF) as firms prioritize AI infrastructure investments over crypto, linking performance to tech stock volatility. -

Bitget-RWA•2025/11/22 19:26

Bitcoin Updates: Institutional Funds Move: AI ETFs Gain Momentum Amid Growing Crypto Debt Issues

Fed Policy Split Drives Derivatives Activity as Crypto Teeters on Brink of Easing

- Fed policy uncertainty drives derivatives bets, with CME FedWatch pricing 69.7% chance of 25-bp December rate cut amid mixed inflation and labor data. - Crypto markets anticipate easing cycle, but remain fragile as Crypto Fear & Greed Index hits "extreme fear" level 14 despite Coinbase's bearish odds assessment. - Crude oil drops on U.S. Ukraine peace plan and OPEC output hike, while dollar strength compounds risks for rate-cut-sensitive commodities. - CME Group faces scrutiny after $2M insider sale, yet

Bitget-RWA•2025/11/22 19:26

Fed Policy Split Drives Derivatives Activity as Crypto Teeters on Brink of Easing

Modern Monetary Theory and the Valuation of Cryptocurrencies: Do MMT Principles Support Rapid Increases in Token Prices?

- 2025 analysis explores whether Modern Monetary Theory (MMT) can justify Momentum (MMT) token's 1,300% price surge. - Token's rise stems from Binance airdrops, U.S./EU regulatory clarity, and institutional investment, not MMT principles. - Academic research highlights crypto valuation duality: network effects coexist with speculative behavior driven by heterogeneous expectations. - MMT influences macroeconomic frameworks (CBDCs, fiscal policy) but fails to predict token-specific surges dominated by retail

Bitget-RWA•2025/11/22 19:24