$BTC Weakness alongside Nvidia; spot ETFs see outflows of about $1.44 billion over five consecutive days
On November 12, dragged down by a sell-off in U.S. tech stocks, BTC briefly fell to its intraday low, while Ethereum dropped about 0.5%. Nvidia fell about 7% premarket amid rumors about Jensen Huang's future at the company.
The money flows tell a more direct story: ETFs are seeing sustained outflows.
U.S. spot Bitcoin ETFs saw net outflows of $299.9 million on Wednesday, marking their fifth consecutive trading day of outflows. Cumulative outflows have reached about $1.44 billion since November 5.
BlackRock's IBIT saw $269.7 million in outflows in a single day and has faced redemptions for nine consecutive trading days.
Since June, IBIT has seen multiple single-day outflows of $300–400 million—showing institutional selling concentrated in the market's most liquid flagship product.
Derivatives activity cooled: 24-hour futures trading volume fell 20.64% to $168.6 billion, while open interest dropped 2.92% to $125.8 billion;
Liquidations fell 63.67% to $263.7 million, with long positions accounting for 64.5%.
BTC futures open interest fell about 2.9% and trading volume dropped 27.6%, with aggressive selling still in control.
Deleveraging did not trigger a liquidation cascade.
#黄仁勋辞任CEO，英伟达战略走向受关注 #英伟达突发换帅，美国芯片股跌幅扩大
On November 12, dragged down by a sell-off in U.S. tech stocks, BTC briefly fell to its intraday low, while Ethereum dropped about 0.5%. Nvidia fell about 7% premarket amid rumors about Jensen Huang's future at the company.
The money flows tell a more direct story: ETFs are seeing sustained outflows.
U.S. spot Bitcoin ETFs saw net outflows of $299.9 million on Wednesday, marking their fifth consecutive trading day of outflows. Cumulative outflows have reached about $1.44 billion since November 5.
BlackRock's IBIT saw $269.7 million in outflows in a single day and has faced redemptions for nine consecutive trading days.
Since June, IBIT has seen multiple single-day outflows of $300–400 million—showing institutional selling concentrated in the market's most liquid flagship product.
Derivatives activity cooled: 24-hour futures trading volume fell 20.64% to $168.6 billion, while open interest dropped 2.92% to $125.8 billion;
Liquidations fell 63.67% to $263.7 million, with long positions accounting for 64.5%.
BTC futures open interest fell about 2.9% and trading volume dropped 27.6%, with aggressive selling still in control.
Deleveraging did not trigger a liquidation cascade.
#黄仁勋辞任CEO，英伟达战略走向受关注 #英伟达突发换帅，美国芯片股跌幅扩大
