I checked the ETF data this morning and, surprisingly, it had updated. I hadn’t been able to access the page for the past few days. On November 6, Bitcoin ETFs saw net outflows of $8.9 million, basically breaking even. The days before that looked pretty bad: $640 million flowed out on October 30, another $400 million on November 2, and $430 million on the 5th. That adds up to $1.52 billion in outflows over six trading days.
What’s interesting is that the outflows are narrowing. There was even a net inflow of $74.6 million on November 4, breaking the streak. But BlackRock’s IBIT hadn’t reported its numbers for the 6th yet, so that $8.9 million is only partial data—don’t read too much into it.
BTC is hovering around $75,800. It even briefly dipped to a 60-day low of $74,888 this morning. Money keeps flowing out, and the price can’t get off the ground. I’m in no rush to make a move. I’ll wait for IBIT’s numbers and see whether the bleeding has really stopped or if it’s going to continue.$BTC #比特币ETF #BTC
What’s interesting is that the outflows are narrowing. There was even a net inflow of $74.6 million on November 4, breaking the streak. But BlackRock’s IBIT hadn’t reported its numbers for the 6th yet, so that $8.9 million is only partial data—don’t read too much into it.
BTC is hovering around $75,800. It even briefly dipped to a 60-day low of $74,888 this morning. Money keeps flowing out, and the price can’t get off the ground. I’m in no rush to make a move. I’ll wait for IBIT’s numbers and see whether the bleeding has really stopped or if it’s going to continue.$BTC #比特币ETF #BTC
