🚨 Crypto headline:
Bitcoin holds ~$76K as spot ETFs see heavy outflows, testing key $75K support
What happened:
U.S. spot Bitcoin ETFs recorded roughly $412 million in net outflows on November 6, with cumulative weekly outflows exceeding $1.2 billion. BTC is trading near $75,900–$76,000 today amid Extreme Fear sentiment (index ~25), after failing to hold above $80K earlier in the week.
Why traders are watching:
Sustained ETF selling is putting pressure on the critical $75K weekly support zone. A clean break could accelerate downside, while a hold could set up a relief bounce—especially with elevated short liquidation levels overhead near $76.5K–$77.5K.
#Write2Earn #Crypto #Bitcoin #News
Bitcoin holds ~$76K as spot ETFs see heavy outflows, testing key $75K support
What happened:
U.S. spot Bitcoin ETFs recorded roughly $412 million in net outflows on November 6, with cumulative weekly outflows exceeding $1.2 billion. BTC is trading near $75,900–$76,000 today amid Extreme Fear sentiment (index ~25), after failing to hold above $80K earlier in the week.
Why traders are watching:
Sustained ETF selling is putting pressure on the critical $75K weekly support zone. A clean break could accelerate downside, while a hold could set up a relief bounce—especially with elevated short liquidation levels overhead near $76.5K–$77.5K.
#Write2Earn #Crypto #Bitcoin #News
