Bitcoin Falls to $93,000 as Institutional Outflows Drive 25% Decline from October Peak

Bitcoin dropped to $93,000 on Sunday, its lowest level in six months and 25% below its early October all-time high. The Kobeissi Letter analysts attribute the decline to institutional outflows and excessive leverage, noting that crypto-focused funds recorded $1.2 billion in net outflows during the first week of November. Despite the price drop, analysts say fundamentals have improved, with declining U.S. inflation and supportive policy signals from Washington.