Five straight sessions of Bitcoin ETF outflows now add up to $1.51 billion.
US spot $BTC ETFs shed $430.2M on November 5. Fidelity's FBTC led the exits with $199.9M (CoinOtag).
Same day, BTC dropped about 6% to around $75,700 as the Nasdaq fell 5.5% (The Block).
My take: this looks like risk-off money leaving tech and ETFs together, not a crypto-only story. Wintermute flags $73,000 and $68,000 as the next levels if the slide continues.
Do ETF flows turn positive before BTC reclaims $80K, or after?
Not financial advice.
#Bitcoin #BTCETF #CryptoMarket
US spot $BTC ETFs shed $430.2M on November 5. Fidelity's FBTC led the exits with $199.9M (CoinOtag).
Same day, BTC dropped about 6% to around $75,700 as the Nasdaq fell 5.5% (The Block).
My take: this looks like risk-off money leaving tech and ETFs together, not a crypto-only story. Wintermute flags $73,000 and $68,000 as the next levels if the slide continues.
Do ETF flows turn positive before BTC reclaims $80K, or after?
Not financial advice.
#Bitcoin #BTCETF #CryptoMarket