In November 2025, Bitcoin ETFs experienced a notable outflow of $3.55 billion, according to NYDIG data, signaling substantial capital exiting the crypto market. This trend reflects growing market uncertainty and potential shift towards traditional investments as highlighted by experts like Greg Cipolaro, Global Head of Research at NYDIG. The shrinking stablecoin supply further contributes to this trend, raising concerns about liquidity within the crypto ecosystem. Past instances of similar capital withdrawals have historically led to declines in Bitcoin and Ethereum prices, according to historical data. This situation underscores the potential for regulatory scrutiny and increased exchange withdrawals, highlighting financial risks associated with these events.