Overview
- Bitcoin rose roughly 4% in the past 24 hours to about €78,907 on Nov. 27, yet it remains down about 20% for the month.
- Global withdrawals from crypto investment products in November topped $6 billion, including $3.7 billion in the U.S., reinforcing selling pressure.
- Outflows from physically backed spot-Bitcoin ETFs translate directly into market sales, intensifying price moves.
- Options markets show cheaper puts and a 14‑day momentum reading near oversold levels, interpreted as early signs of easing stress.
- Analysts cite overlapping drivers—risk-off sentiment, AI/tech weakness and macro uncertainty—with Germany’s BaFin limiting single‑asset retail ETFs and reports of a major stablecoin issuer buying physical gold highlighting structural and cross‑market risks.