The broader market continued to trade sideways today, with $BTC between $73,700 and $74,000, and $ETH around $2,050. According to the KuCoin Daily Report, U.S. spot BTC ETFs saw net outflows of about $95 million on November 10, marking four consecutive trading days of net outflows. Glassnode data shows that total stablecoin supply fell by about $14.2 billion over 30 days, its biggest decline since 2022.
U.S. stocks rebounded overnight, with the Nasdaq up 1.6%, but crypto markets failed to follow suit as capital clearly flowed toward AI-related themes. With inflation running hot and rate-hike concerns mounting, a short-term rebound will need confirmation from greater inflows.
#BTC #ETF Flows
For reference only; this does not constitute investment advice.
U.S. stocks rebounded overnight, with the Nasdaq up 1.6%, but crypto markets failed to follow suit as capital clearly flowed toward AI-related themes. With inflation running hot and rate-hike concerns mounting, a short-term rebound will need confirmation from greater inflows.
#BTC #ETF Flows
For reference only; this does not constitute investment advice.