Bitcoin has fallen for five straight weeks, bleeding slowly rather than crashing, with ETF outflows the main cause
Bitcoin has seen an unusual five-week losing streak. As of November 8, BTC was trading at around $75,800, with a weekly low of $74,722 and a cumulative five-week decline of 12%–13%.
The pace of this decline is very different from historical losing streaks. Bitcoin fell for nine straight weeks in 2022 and six straight weeks in early 2026, with declines of 18% and 28%, respectively, over the first five weeks. The largest single-week drop exceeded 10%. This time, no weekly decline has exceeded 3.3%—a sustained, slow bleed rather than a panic-driven sell-off.
The pressure stems from several factors converging. A sharp Nasdaq drop triggered selling across risk assets, while large leveraged positions in the crypto market were liquidated. The deeper underlying issue is continued outflows from spot ETFs: net outflows totaled $1.28 billion for the week, and year-to-date inflows have turned negative. In addition, stronger-than-expected nonfarm payrolls pushed the market-implied probability of a December rate hike to 80%, with the macro environment continuing to weigh on risk assets.
Technically, BTC is trading between its 50-day moving average at $81,800 and its 200-day moving average at $73,200, with a short-term support zone of $75,000–$77,000. Funding rates have returned to neutral, but on-chain short positions remain very large, and the long-short ratio has reached an extreme level. This signal is worth watching closely.
#BTC #Bitcoin #ETF
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Bitcoin has seen an unusual five-week losing streak. As of November 8, BTC was trading at around $75,800, with a weekly low of $74,722 and a cumulative five-week decline of 12%–13%.
The pace of this decline is very different from historical losing streaks. Bitcoin fell for nine straight weeks in 2022 and six straight weeks in early 2026, with declines of 18% and 28%, respectively, over the first five weeks. The largest single-week drop exceeded 10%. This time, no weekly decline has exceeded 3.3%—a sustained, slow bleed rather than a panic-driven sell-off.
The pressure stems from several factors converging. A sharp Nasdaq drop triggered selling across risk assets, while large leveraged positions in the crypto market were liquidated. The deeper underlying issue is continued outflows from spot ETFs: net outflows totaled $1.28 billion for the week, and year-to-date inflows have turned negative. In addition, stronger-than-expected nonfarm payrolls pushed the market-implied probability of a December rate hike to 80%, with the macro environment continuing to weigh on risk assets.
Technically, BTC is trading between its 50-day moving average at $81,800 and its 200-day moving average at $73,200, with a short-term support zone of $75,000–$77,000. Funding rates have returned to neutral, but on-chain short positions remain very large, and the long-short ratio has reached an extreme level. This signal is worth watching closely.
#BTC #Bitcoin #ETF
Would you like me to write a shorter version that’s ready to post directly to the Square?