🚨🚨🚨In summary, both Bitcoin (BTC) and the iShares Bitcoin Trust (IBIT) ETF are experiencing a weak negative trend after a sharp correction driven by a "risk-off" market sentiment and structural headwinds.
* News & Flows: The key driver is a period of record outflows from US spot Bitcoin ETFs, with BlackRock's IBIT being the largest contributor to the redemptions in November 2025. This selling pressure caused the BTC price to hit seven-month lows. Separately, the increasing demand for IBIT options has prompted Nasdaq to file a proposal to increase the position and exercise limits for the ETF.
* BTC Support & Resistance: The short-term technical outlook is negative. Bitcoin is currently defending a critical support area around $84,000 – $85,000. A break below this could signal a deeper correction towards $80,000. The immediate resistance level to watch is approximately $92,500.
* IBIT Technicals: Given its close correlation to BTC, the IBIT ETF is also showing a Strong Sell signal across most technical indicators, confirming the downward momentum following the significant investor redemptions.
$iShares Bitcoin Trust(IBIT)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
