Bitcoin Price Drops 2% As ETFs Bleed, CryptoQuant Eyes $72K

Home / News / Bitcoin Price Drops 2% As ETFs Bleed, CryptoQuant Eyes $72K

join us cable A channel to stay up to date with the latest breaking news

The price of Bitcoin has fallen by 2% over the past 24 hours to trade at $101,647 as of 4.05am AEDT with daily trading volume up 37% to $110.41 billion.

This correction comes after intense selling pressure as US Bitcoin and Ethereum ETFs recorded nearly $800 million in outflows yesterday. Concerns are growing across the cryptocurrency market about weak demand, bearish institutional signals, and what comes next for the price of Bitcoin.

The big losses started earlier this week when Bitcoin broke through the key support level of $100,000. The sharp decline sparked a wave of anxiety and sparked intense fear among traders and analysts.

According to CryptoQuant, if the $100,000 level does not hold, Bitcoin could fall much lower, possibly falling to $72,000 in the next couple of months.

For several days in a row, funds like BlackRock’s IBIT saw massive withdrawals, siphoning liquidity from the Bitcoin market just as other signals turned negative.

Demand for Bitcoin treasury is falling off a cliff.

One of the main reasons why we see this discharge. pic.twitter.com/B4TPipd9sB

— Crypto Rover (@cryptorover) November 5, 2025

When ETF inflows are positive, they usually help Bitcoin by reducing the available supply, but when they become negative, they have the opposite effect.

On-chain trends of declining demand for Bitcoin signal

CryptoQuant research indicates a steady decline in spot demand since a massive market liquidation event occurred on October 11. That day saw more than $19 billion wiped out of leveraged positions, representing the largest single liquidation in cryptocurrency history. Since then, indicators such as spot exchange flows, ETF flows, and Coinbase premiums have been mostly negative.

Daily change in total Bitcoin holdings Source: CryptoQuant

the Bull points indicatorwhich tracks sentiment and momentum, fell to 20. This low score indicates a clear bear market. The lower demand from US investors and the negative Coinbase premium show that US buyers are now more hesitant or selling more than they are buying.

Bitcoin Bull Points Indicator Source: CryptoQuant

Furthermore, historical parallels are drawn with previous bear market periods, when spot demand for Bitcoin weakened and price corrections extended. With ETF outflows increasing and trading activity on exchanges declining, confidence in a quick recovery remains very low among analysts monitoring blockchain data.

Bitcoin Price Prediction: Can BTC Drop to $72,000?

Bitcoin’s technical picture is getting bearish. According to CryptoQuant and analysts like Julio Moreno, the most important level to watch is $100,000. If Bitcoin trades below this period for an extended period of time, the risk of a drop to $72,000 increases sharply in the next month or two.

On the weekly chart, Bitcoin is still in a wide upward channel, but the recent candles look heavy, and sellers are pushing the price towards the middle of the range. the $102,940 The level matches Bitcoin’s 50-week simple moving average (SMA), which served as support before but may now become resistance.

BTCUSD analysis source: Tradingview

If BTC fails to reclaim this line and hold above it soon, there could be more downside ahead.

Meanwhile, momentum indicators are pointing to increasing weakness: the Relative Strength Index (RSI) is near 44, a bearish reading that suggests bears are in control and there is room for the decline to continue.

The MACD (Moving Average Convergence Divergence) indicator has crossed negative territory, supporting the idea that a deeper downtrend is forming. While the CMF (Chaikin Money Flow) is barely above zero, reflecting minimal capital outflow.

If the selling pressure continues and Bitcoin is unable to build new support above $100,000, the lower limit of the channel, currently near $75,000, will likely be tested next. This is in line with CryptoQuant warning of a possible drop to $72,000. Historical support of $80,000 to $85,000 may offer only brief respite in the event of panic selling.

On the upside, if Bitcoin recovers quickly and regains $103,000 to $105,000, it could start to stabilize. Key resistance is at $110,000 and again at $125,000, where many traders will be watching to see if the bulls can make a strong comeback. However, with ETF outflows and on-chain weakness dominating the headlines, sentiment remains cautious for now.

Best Wallet – Diversify your cryptocurrency portfolio