From November 5 to 9, #BTC spot ETFs saw net outflows of $1.043 billion for three consecutive days, and the price fell below the 50-week moving average. The Fear and Greed Index dropped to 26, as market sentiment remained weak.
On-chain data shows that 32,695 BTC at a loss flowed into exchanges on November 6, falling to 9,900 on the 9th, indicating some easing in selling pressure.
However, the risk has not passed. If BTC falls below $73,000, the likelihood of the bear market continuing will increase further.
Short-term selling pressure may be easing, but no reversal signal has emerged yet.
On-chain data shows that 32,695 BTC at a loss flowed into exchanges on November 6, falling to 9,900 on the 9th, indicating some easing in selling pressure.
However, the risk has not passed. If BTC falls below $73,000, the likelihood of the bear market continuing will increase further.
Short-term selling pressure may be easing, but no reversal signal has emerged yet.
