📊 BITWU Midday Research Report | 11/08 (Sunday)
Today’s changes (public data)
• After the main fund data for 11/06 was completed, Friday’s outflows were revised from “small” to large: BTC Total was updated from the previously reported −$8.9M to −$411.9M (IBIT −$403.0, FBTC +$42.8M, BITB −$20.5M, ARKB −$20.1M, GBTC −$11.1M); ETH Total was updated from −$3.6M to −$93.3M (ETHA −$90.8M, ETHB +$1.1M, FETH −$1.7M, ETH −$1.9M) (Farside, rechecked around 12:35 on 11/08)
• 11/05 Total has not been revised further: BTC −$430.2M, ETH −$99.9M
• Spot prices fluctuated within a narrow range over the weekend: BTC $75,866 (24h +0.10%), ETH $2,236 (−0.27%) (CoinGecko, 11/08 12:34 Beijing time). There is no new U.S. ETF cash trading day on Sunday.
Macro calendar (Beijing time, BLS)
• October nonfarm payrolls released: +165k; combined upward revision of +84k for the prior two months; hourly earnings up +3.1% year over year
• Next key data release: October CPI, 11/10 at 21:30
Public assessment (research brief, not investment advice)
Maintain a cautious bias: after the main fund data for 11/06 was completed, Friday can no longer be characterized as “small outflows.” Thursday and Friday saw large net outflows on two consecutive days; spot stabilization ≠ a return of ETF demand.
Fund flows at a glance
• Most recent 5 trading days with Total (11/02–11/06; main fund data now complete): BTC −$1,281.7M, ETH −$365.2M (Farside)
• BTC outflows so far in November are −$1,281.7M, exceeding the approximately −$515.9M for all of October; ETH outflows so far in November are −$365.2M (approximately −$1,607M for all of October)
• Over the most recent 30 trading days with Total: BTC inflows 16 / outflows 14 (net −$1,849.1M); ETH inflows 5 / outflows 25 (net −$2,017.7M)
• IBIT recorded outflows on all 6 consecutive trading days with data: 10/30 and 11/02–11/06
• USDT+USDC $247.7B (30 days −$10.1B; DefiLlama)
• AHR999 0.429 / MVRV 1.404 (11/07); the latest LTH SOPR remains 0.8283 for 11/01 (<1)
Sources: CoinGecko / Farside / DefiLlama / CoinMetrics / bitcoin-data / BLS / Fed, as of 2026-11-08 12:40 Beijing time. The above is informational and does not constitute investment advice.
#BTC #ETH #ETF #CPI #Bitwu
Today’s changes (public data)
• After the main fund data for 11/06 was completed, Friday’s outflows were revised from “small” to large: BTC Total was updated from the previously reported −$8.9M to −$411.9M (IBIT −$403.0, FBTC +$42.8M, BITB −$20.5M, ARKB −$20.1M, GBTC −$11.1M); ETH Total was updated from −$3.6M to −$93.3M (ETHA −$90.8M, ETHB +$1.1M, FETH −$1.7M, ETH −$1.9M) (Farside, rechecked around 12:35 on 11/08)
• 11/05 Total has not been revised further: BTC −$430.2M, ETH −$99.9M
• Spot prices fluctuated within a narrow range over the weekend: BTC $75,866 (24h +0.10%), ETH $2,236 (−0.27%) (CoinGecko, 11/08 12:34 Beijing time). There is no new U.S. ETF cash trading day on Sunday.
Macro calendar (Beijing time, BLS)
• October nonfarm payrolls released: +165k; combined upward revision of +84k for the prior two months; hourly earnings up +3.1% year over year
• Next key data release: October CPI, 11/10 at 21:30
Public assessment (research brief, not investment advice)
Maintain a cautious bias: after the main fund data for 11/06 was completed, Friday can no longer be characterized as “small outflows.” Thursday and Friday saw large net outflows on two consecutive days; spot stabilization ≠ a return of ETF demand.
Fund flows at a glance
• Most recent 5 trading days with Total (11/02–11/06; main fund data now complete): BTC −$1,281.7M, ETH −$365.2M (Farside)
• BTC outflows so far in November are −$1,281.7M, exceeding the approximately −$515.9M for all of October; ETH outflows so far in November are −$365.2M (approximately −$1,607M for all of October)
• Over the most recent 30 trading days with Total: BTC inflows 16 / outflows 14 (net −$1,849.1M); ETH inflows 5 / outflows 25 (net −$2,017.7M)
• IBIT recorded outflows on all 6 consecutive trading days with data: 10/30 and 11/02–11/06
• USDT+USDC $247.7B (30 days −$10.1B; DefiLlama)
• AHR999 0.429 / MVRV 1.404 (11/07); the latest LTH SOPR remains 0.8283 for 11/01 (<1)
Sources: CoinGecko / Farside / DefiLlama / CoinMetrics / bitcoin-data / BLS / Fed, as of 2026-11-08 12:40 Beijing time. The above is informational and does not constitute investment advice.
#BTC #ETH #ETF #CPI #Bitwu
