The team provides a financial overview of Bitcoin’s recent price action and market dynamics as of November 2025, noting a nearly four percent decline amid a broad market retreat. This downturn is attributed to persistent selling pressure from long-term holders and a slowdown in institutional accumulation, with the daily supply of newly mined Bitcoin currently outpacing ETF inflows. Technical analysis highlights the critical nature of the $103,000–$104,518 support zone, warning that a breach could lead to deeper corrections, while the overall sentiment is characterized by increased caution and panic selling from short-term holders. Despite these short-term headwinds, the digest notes counterbalancing support from continued institutional adoption by major banks and positive regulatory shifts in places like Hong Kong. Ultimately, the team concludes that while downside risks are prominent, they are tempered by longer-term strategic considerations and regulatory tailwinds, advising investors to maintain a neutral stance.