Yorick Ashbourne Assesses Institutional Sentiment Shift as Bitcoin Tests US$100K Support
New York City, USA, November 24th, 2025, FinanceWire
Independent financial analyst Yorick Ashbourne has released a market assessment following one of the sharpest reversals in institutional Bitcoin sentiment since spot ETF approval.
In the latest news, financial analyst Yorick Ashbourne released a market update as institutional sentiment shifts as Bitcoin tests critical $100K support. After beginning October with record-breaking optimism and unprecedented inflows into crypto investment products, the market has entered an aggressive corrective phase marked by multi-billion-dollar outflows, intensified volatility, and a critical test of Bitcoin’s psychological US$100,000 support level. Ashbourne’s latest assessment outlines the forces driving this shift, its structural implications, and the scenarios that may define Bitcoin’s trajectory into year-end.
Bitcoin’s price structure has shifted materially since early October. After breaking to new all-time highs above US$126,000 in the first week of the month, the market has entered a deep correction. By mid-November, major outlets reported that Bitcoin had dropped to six-month lows below US$94,000, briefly trading near US$92,971 and erasing a large share of its year-to-date gains. These levels sit more than 25% below the October peak and have turned the US$100,000 mark from a celebrated milestone into a live stress test for institutional conviction.
Recent institutional flow data underline the change in tone. Digital-asset investment products attracted a record US$5.95 billion in the week ending October 4, led by U.S. crypto ETFs and coinciding with Bitcoin’s surge to new highs. Over the past three weeks, however, U.S.-listed spot Bitcoin ETFs have seen around US$2.6 billion in cumulative net outflows, including a single trading day with about US$870 million redeemed. The swing from record inflows to heavy redemptions has pushed Bitcoin into its steepest drawdown since the spring.
Ashbourne notes that the outflows from Bitcoin ETFs have not been matched by indiscriminate selling across the entire digital-asset complex. Flows data from asset-management research desks show continued interest in selected alternative protocols and diversified products, even as flagship Bitcoin and Ether vehicles experience sizable redemptions. “This looks less like 2022-style capitulation and more like a recalibration of risk across the crypto spectrum,” he observes.
Spot Bitcoin ETFs and global ETPs publish daily flow statistics, while major financial media track weekly totals and single-day records. This visibility allows shifts in institutional positioning to re-price the market within days, compressing the time it takes for large rotations to move from data to price.
Ashbourne’s assessment highlights three scenarios:
- Downside risk: If ETF outflows stay elevated, de-risking in other high-beta assets continues, and long-term holders sell into weakness, Bitcoin could undercut recent six-month lows, especially if liquidity remains thin on major venues.
- Range-building: A moderation in redemptions could allow Bitcoin to stabilize in a broad band below its October highs, while institutions reassess rate expectations, equity valuations, and strategic crypto allocations.
- Volatility regime: With both record inflows and near-record outflows now in the data, the market is likely to remain flow-driven rather than trend-driven, with sharp moves in both directions until positioning resets.
About Yorick Ashbourne
Yorick Ashbourne is an independent financial analyst specializing in cryptocurrency markets and systematic trend analysis. His work focuses on interpreting institutional flow data, identifying major price regimes, and translating complex market structures into clear, research-driven insights for professional and retail participants.
Website: www.yorickashbourne.com
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Yorick Ashbourne
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