Heavy Outflows Leave BTC Exposed as Price Sits Near $95,000

• Bitcoin trades near $94,950, testing major support after losing its trendline and slipping below all key EMAs.
• Coinglass data shows $119M in outflows, extending a three-week pattern of liquidity drain as sellers dominate the market.
• BTC faces resistance at $102K–$109K, while a daily close below $94K could open deeper downside toward $88K and $74K.

Bitcoin price today trades near $94,950 after a sharp drop that forced a clean break below the multi-month trendline. The move places buyers in a difficult position as spot outflows accelerate and the EMA structure flips bearish. The market is now testing a critical demand shelf that held several times this year, and the reaction here will shape the next stretch of November.

Spot Outflows Rise As Liquidity Leaves The Market

Coinglass data shows $119 million in net outflows during the latest session. Sellers have dominated November with deeper red prints at regular intervals. Across the past three weeks, outflows have exceeded inflows on nearly every trading day, confirming a steady drain in liquidity.

The selling pressure aligns with the broader flow behavior since early October. Large outflow clusters around dips suggest that traders are moving Bitcoin off exchanges instead of accumulating. This pattern has become more pronounced as BTC slipped under $100,000.

BTC Loses The Trendline As EMAs Turn Into Resistance

The daily chart shows Bitcoin losing the descending trendline with no immediate sign of recovery. BTC now trades below the 20, 50, 100, and 200 EMAs, which cluster tightly between $102,000 and $109,000. This alignment creates a firm resistance zone and indicates a confirmed shift in structure.

The recent decline pushed Bitcoin into a key horizontal support near $94,000 to $93,700. This area has been tested more than once in recent months. A breakdown would expose the wider target range toward $88,000.

Related: Telcoin Price Prediction: TEL Extends Its Short-Term Rally as Futures Activity Surges

Supertrend remains bearish, and the failure to reclaim the 20 EMA tells a clear story. Sellers are in control while buyers defend only short-term levels without pushing price back above resistance.

On the daily timeframe, momentum has shifted from a consolidation phase into a defined downtrend. BTC needs a decisive close above the trendline and at least the 50 EMA to show positive structure.

Intraday Price Action Shows A Controlled Downtrend

Intraday charts confirm sustained downside pressure. The 30-minute timeframe shows BTC trading below VWAP, with repeated rejections along the upper volatility band. Each attempt to reclaim VWAP has failed quickly, leaving price pinned inside a narrow down-sloping channel.

Parabolic SAR continues to print above candles during most sessions, reflecting weak momentum. Intraday volatility remains elevated, but all swings are capped below the $96,000 to $96,300 zone, which now acts as immediate resistance.

Short-term support sits at $94,150. A break below this level could trigger a fast move into the $93,000 handle. For buyers, the intraday structure remains unfavorable until BTC closes above VWAP and holds it.

Futures Market Shows Reduced Conviction

Derivatives data offers a mixed picture. Volume jumped 84 percent to $90.6 billion, showing significant repositioning. However, open interest fell 0.77 percent to $66.3 billion. This suggests that traders closed positions rather than adding risk.

The long-short ratio sits at 0.92, reflecting cautious sentiment. Major exchanges still show higher long preference on account ratios, but this positioning has not translated into upward pressure on price.

Funding rates remain slightly positive, but the value is minimal and signals no strong directional bias. Liquidations over the past 24 hours total $243 million, with shorts slightly heavier than longs. This indicates two-way volatility rather than one-sided leverage.

The derivatives picture is not outright bearish, but it does not support a strong bullish reversal either. The market appears to be resetting before committing to a new direction.

Key Levels To Watch

Resistance:

• $96,300: First rejection zone on intraday charts
• $102,000: 20 EMA and first major ceiling
• $107,300: 100 EMA barrier
• $109,300: Strong resistance cluster and trend reversal zone

Support:

• $94,150: Local intraday support
• $93,000: Liquidity shelf tested in previous pullbacks
• $88,500: Major downside target if the breakdown accelerates
• $74,300: Macro support zone and long-term demand

Outlook. Will Bitcoin Go Up?

Bitcoin needs to reclaim $102,000 with strong flows to confirm a short-term recovery. A close above the 50 EMA would be the first real sign that buyers are regaining control. Breaking $109,300 would shift the broader structure back toward trend continuation.

Related: XRP Price Prediction: Bears Tighten Grip As XRP Struggles To Break $2.30

The bearish case activates with a daily close below $94,000. Losing this shelf exposes $93,000 first, then $88,500. Momentum remains with sellers until BTC shows strength at resistance instead of only reacting at support.

A close above $102,000 signals recovery potential. A close below $94,000 confirms deeper downside risk.