BTC (Bitcoin) fell 5.45% in the last 24 hours.

Gate News Bot news, on November 21, according to CoinMarketCap data, as of the time of this report, BTC (Bitcoin) is currently priced at 87069.87 USD, with a 5.45% fall in the last 24 hours, reaching a high of 99804.43 USD and a low of 86040.80 USD. The 24-hour volume has reached 9.778 billion USD. The current market capitalization is approximately 1.74 trillion USD, a decrease of about 1000.52 billion USD compared to yesterday.

Important news about BTC recently:

1️⃣ Retail investors are intensifying their sell-off, leading to market adjustments.

JPMorgan analysts pointed out that retail investors sold approximately $4 billion of spot Bitcoin and Ethereum ETFs in November, becoming the main driver of the recent adjustments in the cryptocurrency market. Meanwhile, retail investors are increasing their holdings in stock ETFs, adding about $96 billion this month, indicating that the cryptocurrency sell-off is not driven by broader risk-off sentiment.

2️⃣ Institutional investors are cautious.

The US spot Bitcoin ETF ended five consecutive days of capital outflow, with a net inflow of $75.47 million on November 19, indicating a potential stabilization in the market. However, VanEck's HODL and Fidelity's FBTC still saw capital outflows of $17.63 million and $21.35 million, respectively, reflecting a cautious attitude from institutional investors.

3️⃣ Mining companies are facing increased pressure.

The Bitcoin hash price index has fallen to an all-time low of $38, reflecting a deteriorating mining economy. Leading mining company Marathon Digital Holdings has recently transferred large amounts of BTC to exchanges multiple times, with over 2,300 BTC transferred this month, worth more than $215 million, which may indicate that mining companies are facing financial pressure.

On the technical side, the BTC price has fallen more than 30% from recent highs and may face further adjustment pressure in the short term. However, as retail selling sentiment gradually eases, the market may welcome stabilization opportunities. Investors need to closely monitor institutional capital flows and mining company movements to assess future market trends.

This message is not to be taken as investment advice, and investors should be aware of market volatility risks.