ETF flows: $BTC breaks below $70,000 amid five consecutive sessions of net spot fund outflows
- U.S. $BTC spot ETFs saw net outflows of ~$300 million in the Nov. 11 session, bringing the five-session total to ~$1.44 billion; BlackRock’s IBIT alone saw ~$269.7 million in outflows, its ninth consecutive session, with cumulative outflows exceeding $2 billion (Farside/SoSoValue).
- $ETH ETFs also saw outflows of ~$145 million in the same session; total outflows from U.S. spot crypto ETFs in one session were ~$465 million.
- $BTC was around $69,300 at 17:42 Vietnam time on Nov. 13, down 5.7% over 24 hours, after hitting an intraday low of ~$67,600–68,300—the lowest since mid-August.
Key levels to watch: U.S. PPI tonight at 20:30 Vietnam time (forecast: +0.4% MoM); nearby support is at $67,500–68,000. Reclaiming $70,000 and then $73,000 is needed to ease selling pressure. ETF flows for Nov. 12 will show whether the net outflow streak extends to a sixth session.
This article is for market analysis and information only, and is not investment advice.
$BTC $ETH
#Bitcoin #Ethereum #Crypto #ETF
- U.S. $BTC spot ETFs saw net outflows of ~$300 million in the Nov. 11 session, bringing the five-session total to ~$1.44 billion; BlackRock’s IBIT alone saw ~$269.7 million in outflows, its ninth consecutive session, with cumulative outflows exceeding $2 billion (Farside/SoSoValue).
- $ETH ETFs also saw outflows of ~$145 million in the same session; total outflows from U.S. spot crypto ETFs in one session were ~$465 million.
- $BTC was around $69,300 at 17:42 Vietnam time on Nov. 13, down 5.7% over 24 hours, after hitting an intraday low of ~$67,600–68,300—the lowest since mid-August.
Key levels to watch: U.S. PPI tonight at 20:30 Vietnam time (forecast: +0.4% MoM); nearby support is at $67,500–68,000. Reclaiming $70,000 and then $73,000 is needed to ease selling pressure. ETF flows for Nov. 12 will show whether the net outflow streak extends to a sixth session.
This article is for market analysis and information only, and is not investment advice.
$BTC $ETH
#Bitcoin #Ethereum #Crypto #ETF