BTC (Bitcoin) fell 0.59% in the last 24 hours.

Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently reported at 91756.33 USD, down 0.59% in the last 24 hours, with a high of 104,000 USD and a low of 88526.83 USD, with a 24-hour volume of 80.084 billion USD. The current market capitalization is approximately 1.83 trillion USD, a decrease of about 10.929 billion USD compared to yesterday.

Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology, with no central authority or bank managing it; transaction management and the issuance of Bitcoin are conducted collectively by the network. Bitcoin is open-source; its design is public, and no one owns or controls Bitcoin, allowing everyone to participate. Through Bitcoin's many unique properties, it is able to achieve exciting uses that no previous payment system could cover.

Important news about BTC recently:

1️⃣ Changes in Bitcoin Miners' Income Structure Bitcoin miners' income is mainly composed of block rewards and transaction fees. Currently, the block rewards bring about $45 million in income to miners daily, while transaction fee income has dropped to the lowest level in 12 months, at only about $300,000 per day, accounting for less than 1% of miners' total income. This change reflects a decrease in network activity.

2️⃣ Institutional investors continue to increase their holdings The Abu Dhabi Investment Council ( ADIC ) significantly increased its investment in Bitcoin ETFs in the third quarter, raising its holdings in the BlackRock iShares Bitcoin Trust ETF ( IBIT ) to nearly 8 million shares, worth approximately $518 million. ADIC stated that it is establishing a “small but long-term allocation,” viewing Bitcoin as a store of value similar to gold.

3️⃣ Significant Bitcoin ETF Capital Flow BlackRock's Bitcoin ETF ( IBIT ) experienced a fund outflow of 523 million USD in a single day, setting a record for the largest single-day net outflow since the ETF's establishment in January of this year. Since November, the overall asset size of Bitcoin ETFs in the United States has shrunk by 3 billion USD. This reflects a shift in sentiment among short-term investors.

From a technical perspective, the price of Bitcoin has fallen below the 0.75 cost benchmark percentile line, a level that has historically marked the beginning of bear market territory. Bulls hope to reclaim this level to restore the bullish structure. Meanwhile, on-chain data shows that large holders are continuously accumulating, while retail and short-term buyers are suffering losses, reflecting a divergence in market sentiment.

This message is not intended as investment advice; investors should be aware of market volatility risks.