Bitcoin Wasn’t Dumped, It Was Executed: Best DCA Opportunity Is Here?

Core Insights - Bitcoin experienced significant outflows in November, with spot ETFs facing the worst performance since February, totaling $3.48 billion in net outflows [1] - BlackRock's IBIT ETF saw record outflows of $523 million, contributing to a total of over $2.4 billion in monthly outflows by November 25, yet it remains the most profitable ETF for BlackRock with over $119 billion in assets [2] - A new cost-basis cluster was identified by Glassnode, indicating strong demand for Bitcoin at lower price levels, potentially acting as a support for future price movements [3] Market Dynamics - Market analyst Michael van de Poppe noted that the beginning of December activated algorithms that drained liquidity, with Bitcoin facing resistance but expected to test it again soon, potentially leading to a breakout towards $100,000 [4] - Entrepreneur Shanaka Anslem Perera described Bitcoin's price drop as an "execution" rather than a simple fall, linking it to rising Japanese government bond yields that disrupted the yen carry trade [5][6] - The rise in yields led to forced selling and liquidations, with significant accumulation of Bitcoin by whales, totaling approximately 375,000 BTC, while institutional exposure decreased [6] Investment Strategies - CryptoQuant analysts highlighted that when Bitcoin trades below the Non-Profitable Days DCA Strategy line, it indicates a phase of stress and low volatility, historically favorable for long-term investors [7]