DWF Labs, a leading firm in crypto asset management, has recently incorporated
Bitcoin
into its investment holdings, reflecting a measured optimism despite ongoing market volatility. This decision comes as Bitcoin hovers around $84,000, after falling more than 30% from
its record high of $126,000 in October 2025
. Even with this significant drop, a partner at DWF Labs
believes the current price presents an opportunity
, especially as several indicators point to possible stabilization and sustained institutional interest over the long term.
The influence of the U.S. market on Bitcoin’s recent struggles is evident in the
Coinbase
Bitcoin Premium Index, which has
stayed in negative territory for 21 straight days
, reaching -0.0989% on November 20. This index, which tracks the price difference between Coinbase and the global average,
indicates subdued demand and ongoing selling pressure
in the U.S., a key region for institutional players.
A negative premium is often interpreted as
a sign of capital leaving the market, lower risk appetite, and increased hedging among investors.
The index’s further decline to -0.15% at the end of November
—the largest gap since the first quarter of 2025—highlights the ongoing challenges in the U.S. market.
Adding to the downward momentum, U.S.-listed spot Bitcoin ETFs experienced unprecedented outflows in November, with net redemptions totaling $3.79 billion.
BlackRock's IBIT, the largest ETF, saw a single-day withdrawal of $523 million
as Bitcoin slipped below $90,000.
These withdrawals stand in stark contrast to the inflows seen earlier in 2025
that had sparked a rally fueled by favorable macroeconomic trends and ETF speculation. Nevertheless, some market watchers suggest that the recent selloff has opened up attractive entry points for institutional investors.
For example, Harvard University boosted its IBIT holdings by 250% quarter-over-quarter
, and Japan’s Metaplanet dedicated ¥15 billion (over $100 million) to buying Bitcoin.
Although the short-term outlook is challenging, optimism remains.
The U.S. Strategic Bitcoin Reserve, launched in March 2025
, currently holds about 198,000 BTC, treating it as a national reserve asset. At the same time, corporate treasuries and hedge funds are seen as potential stabilizers, with
some analysts predicting a recovery to $100,000–$150,000 by the end of the year
. Both Standard Chartered and Bitwise Asset Management continue to project a $200,000 target for 2025, citing ongoing demand and possible rate cuts from the Federal Reserve.
However, downside risks persist.
A Bloomberg analyst cautioned
that Bitcoin could fall back to $10,000 if it repeats the pattern seen in the 2018 crash, pointing to macroeconomic weaknesses and an expanding supply of tokens.
Data from Glassnode also revealed
$4 billion in realized Bitcoin losses on November 21—the largest since March 2023—raising concerns about potential capitulation.
Derivatives market data points to increased risk
, as open interest in BTC futures has dropped 35% from the October peak of $94 billion.
If key support zones between $81,000 and $75,000 are breached, more liquidations could follow
.
DWF Labs’ recent Bitcoin purchase highlights a larger trend: institutions showing resilience in the face of volatility. While short-term fundamentals remain uncertain, long-term investors and strategic buyers are positioning themselves for a potential rebound after the correction. As one market analyst put it, “The current market is a battle between macroeconomic headwinds and institutional confidence. Bitcoin’s upward journey may not be smooth, but the underlying demand remains intact.”
As projected in the forecast
.
