U.S. stocks and BTC diverge: Nasdaq futures are up about 1.7%, while BTC is stuck near $74,000, missing the rally. Spot ETFs have seen outflows for four consecutive days, with cumulative outflows of about $1.6 billion in November; IBIT has seen outflows for eight straight days. Defensive sentiment is strong in the options market: the most active contracts are mostly puts expiring November 12–27, with strike prices of $69,000–$74,000. #BTC #ETF #Federal Reserve