Ethereum Updates Today: Bitcoin Drops to $98K Amid Economic Concerns, Institutional Investors Signal Market Strength

Bitcoin Sinks Below $98K as Long-Term Holders Accelerate Selling

On November 14, 2025, Bitcoin slipped under $98,000 for the first time since May, as intensified selling from long-term investors and significant institutional withdrawals heightened market turbulence.

This drop occurred alongside a widespread downturn in digital assets, with (ETH) tumbling more than 8% to $3,500, and (SOL) and (ADA) experiencing similar declines. were wiped out within a single day, including a $44 million long BTC bet on HTX, as reported by Coindesk.

The sell-off was fueled by renewed global economic worries, such as diminishing expectations for a Federal Reserve rate cut in December and disappointing economic figures from China.

to 4.9% year-over-year in October, and fixed-asset investment dropped 1.7% over the first ten months of 2025. These factors sparked a move away from risk assets worldwide, causing both Asian stocks and cryptocurrencies to fall together.

Institutional crypto products also played a role in the decline, as

last week, marking the third-largest weekly withdrawal ever. Ethereum ETFs saw $508 million pulled out, while Solana ETFs stood out with $137 million in new investments . as a "mid-cycle consolidation phase" instead of a bear market, pointing out that since 2023, previous pullbacks from record highs have averaged 22% before markets rebounded.

Ethereum's troubles were made worse by instability in its futures markets, where leveraged bets rapidly unwound after prices fell below $3,300.

in ETF liquidity, as U.S. spot funds continued to see outflows, intensifying the downward trend. Meanwhile, BitMine Immersion Technologies , acquiring 110,288 tokens at $3,639 each, signaling ongoing institutional faith in Ethereum's future prospects.

Technical signals indicated a bearish outlook for

, as the 50-day simple moving average (SMA) approached the 200-day SMA, hinting at a possible "death cross." and a declining RSI pointed to short-term favoring further losses. Still, some analysts warned against reading too much into the drop, in past cycles have often been followed by recoveries.

The contrast with gold underscored changing risk appetites. As cryptocurrencies weakened, gold and silver jumped 4% and 9% respectively, with worries over global fiscal stability—especially in the U.S. and Eurozone—driving investors to traditional safe assets

. Robin Brooks of the Brookings Institution attributed gold's surge to "deeply flawed fiscal policy," highlighting that Japan's debt-to-GDP ratio surpassed 220% and the U.S. was above 120% .

Prediction markets revealed significant uncertainty, with Myriad users assigning a 65% chance that Ethereum would reach $4,000 before dropping to $2,500, while another market estimated a 79.1% likelihood that ETH would not surpass $5,000 by year-end

. Despite falling prices, whale activity pointed to long-term optimism, as major holders accumulated over 1.64 million ETH in October .

Bitcoin's immediate support is near $94,000, and a sustained break below $98,000 could prompt more selling. For Ethereum, the upcoming Fusaka upgrade on December 3—which will introduce scalability features like Verkle Trees—may act as a catalyst for recovery

. Until then, the market remains delicately balanced, with macroeconomic trends and ETF flows likely to dictate the next major move.