Wall Street’s money is quietly moving—from crypto to stocks.
Same week, same institutions, two directions:
U.S. spot crypto ETFs saw $1.48 billion in net outflows over the five days from November 4 to 10, with $BTC accounting for $1.06 billion and $ETH for $326 million;
During the same period, 10 U.S. large-cap stock ETFs saw $37.5 billion in net inflows, with VOO alone attracting $16.9 billion.
This isn’t retail panic—it’s institutions changing tables.
They’re willing to buy the dip in stocks, but when crypto falls, they choose to leave first—because the same factor is weighing on both: expectations of a Fed rate hike in December are rising, the 10-year Treasury yield is above 5.1%, and the U.S. Dollar Index has climbed above 103.
But one detail is worth noting: outflows are slowing.
On November 12, BTC spot ETFs saw $47.61 million in net outflows, a sharp drop from nearly $300 million the day before. The fear is still there, but the selling pressure has eased.
Key price levels / signals to watch next:
$BTC is currently around $69,000. It dipped to a low of $67,568 overnight, while the 200-week moving average is near $68,013—holding here is a prerequisite for any talk of a bottom; only after reclaiming $70,800–$72,700 can the bears be said to have truly let go; a break below $67,000 would put $65,000 in view.
$ETH is around $1,925–$1,980, with $2,000 having turned from support into resistance.
There’s just one signal that matters most: when ETF flows turn positive. Without money flowing back in, any rebound is just an oversold bounce.
Analysis only; I have no positions.
Do you think institutional money will come back this time? Or will it wait until after the Fed speaks in December?
#比特币 #ETF #Cryptocurrency
This is personal analysis only and does not constitute investment advice.
Same week, same institutions, two directions:
U.S. spot crypto ETFs saw $1.48 billion in net outflows over the five days from November 4 to 10, with $BTC accounting for $1.06 billion and $ETH for $326 million;
During the same period, 10 U.S. large-cap stock ETFs saw $37.5 billion in net inflows, with VOO alone attracting $16.9 billion.
This isn’t retail panic—it’s institutions changing tables.
They’re willing to buy the dip in stocks, but when crypto falls, they choose to leave first—because the same factor is weighing on both: expectations of a Fed rate hike in December are rising, the 10-year Treasury yield is above 5.1%, and the U.S. Dollar Index has climbed above 103.
But one detail is worth noting: outflows are slowing.
On November 12, BTC spot ETFs saw $47.61 million in net outflows, a sharp drop from nearly $300 million the day before. The fear is still there, but the selling pressure has eased.
Key price levels / signals to watch next:
$BTC is currently around $69,000. It dipped to a low of $67,568 overnight, while the 200-week moving average is near $68,013—holding here is a prerequisite for any talk of a bottom; only after reclaiming $70,800–$72,700 can the bears be said to have truly let go; a break below $67,000 would put $65,000 in view.
$ETH is around $1,925–$1,980, with $2,000 having turned from support into resistance.
There’s just one signal that matters most: when ETF flows turn positive. Without money flowing back in, any rebound is just an oversold bounce.
Analysis only; I have no positions.
Do you think institutional money will come back this time? Or will it wait until after the Fed speaks in December?
#比特币 #ETF #Cryptocurrency
This is personal analysis only and does not constitute investment advice.