📊 Bitcoin ETFs After CPI: Outflows Continue, but the Pace Slowed 🏦
The hot October CPI (+0.4% headline, +0.3% core, both above forecasts) did not trigger panic selling in US spot Bitcoin ETFs 👇
• Nov 10 (CPI day): about -$95M net, the fourth straight day of outflows
• Nov 9: -$201M, so CPI day was smaller than the day before
• Since Nov 1: about -$1.57B in total 📉
BlackRock’s IBIT led the selling again with -$78M, followed by Fidelity’s FBTC at -$37M. Morgan Stanley’s ETF was the exception, with about +$20M 💡
🧠 What I take from it: the heavy selling came before the data, not after it. That suggests institutions were already reducing exposure, partly after the Binance hack on Oct 30 and with a December Fed hike nearly priced. But four outflow days in a row is not a bottom signal. There is still no institutional buyer.
👀 What I’m watching: IBIT turning positive. Two days of net inflows in a row would be the first sign of stabilization 🎯
$BTC trades near $73.7K after Tuesday’s low of $72.8K. Support is $72.8K, resistance $74.4K, then $75.5K.

📅 Next: PPI on Friday, then the Fed on Dec 8-9.

Will ETF flows turn positive this week? Vote below 👇

#BTC #ETF #CPI #Fed #BlackRock