Bitcoin Price Prediction as Bloomberg Analyst Likens BTC ETF Slump to Gold’s Decade-Long Winter

Bitcoin fell 8.66% over the seven days to November 12 as sustained outflows from spot BTC ETFs signaled fading institutional demand. Bloomberg ETF analyst Eric Balchunas compared the current ETF slump to gold’s decade-long winter, suggesting the pullback may be structural rather than a brief dip. The retreat underscores how heavily BTC price now tracks ETF flows, with the largest cryptocurrency’s market moves increasingly driven by institutional positioning rather than retail activity. Traders will watch whether ETF outflows stabilize in the coming sessions and whether Balchunas’ gold analogy holds, since a prolonged demand drought would mark a deeper shift in the buyer base.