Crypto markets faced ETF outflows and weaker risk appetite during November 2–8
📉 Bitcoin recovered above $80,000 midweek before retreating to around $75,000–76,000, erasing most of its post-election gains. The failed rebound suggests buying demand remained insufficient to absorb selling pressure.
💸 U.S. spot Bitcoin ETFs recorded approximately $1.28 billion in net outflows during November 2–6, the largest weekly withdrawal since late June. Only one of five sessions attracted net inflows, indicating weaker demand through the ETF channel despite the price correction.
🏛️ The U.S. midterm election results increased uncertainty over the progress of crypto legislation under the incoming Congress. Meanwhile, selling in technology stocks and concerns about AI investment returns spread to digital assets, keeping crypto closely tied to global risk appetite.
🪙 ETH traded around $2,230–2,240, while several altcoins, including SOL and XRP, fell more sharply than BTC over the week. Their relative weakness suggests buying interest remained narrow, leaving market rebounds without broad participation.
🌡️ Alternative.me’s Fear & Greed Index dropped to 25, entering Extreme Fear. The reading reflects cautious sentiment but does not confirm a market bottom while outflows persist.
🔎 The $75,000 area remains a key level to watch for BTC. A sustained recovery would need improving ETF flows, steadier U.S. equities and broader buying across ETH and altcoins; without these developments, rallies may remain technical rebounds.
#CryptoInsights $BTC $ETH $SOL
📉 Bitcoin recovered above $80,000 midweek before retreating to around $75,000–76,000, erasing most of its post-election gains. The failed rebound suggests buying demand remained insufficient to absorb selling pressure.
💸 U.S. spot Bitcoin ETFs recorded approximately $1.28 billion in net outflows during November 2–6, the largest weekly withdrawal since late June. Only one of five sessions attracted net inflows, indicating weaker demand through the ETF channel despite the price correction.
🏛️ The U.S. midterm election results increased uncertainty over the progress of crypto legislation under the incoming Congress. Meanwhile, selling in technology stocks and concerns about AI investment returns spread to digital assets, keeping crypto closely tied to global risk appetite.
🪙 ETH traded around $2,230–2,240, while several altcoins, including SOL and XRP, fell more sharply than BTC over the week. Their relative weakness suggests buying interest remained narrow, leaving market rebounds without broad participation.
🌡️ Alternative.me’s Fear & Greed Index dropped to 25, entering Extreme Fear. The reading reflects cautious sentiment but does not confirm a market bottom while outflows persist.
🔎 The $75,000 area remains a key level to watch for BTC. A sustained recovery would need improving ETF flows, steadier U.S. equities and broader buying across ETH and altcoins; without these developments, rallies may remain technical rebounds.
#CryptoInsights $BTC $ETH $SOL
