BlackRock’s IBIT led the outflows with $144 million, the largest single amount on a day when outflows from Bitcoin funds totaled $185 million 📉 This is all about $BTC.

First, outflows mean that more money is withdrawn from a fund than flows into it. Spot Bitcoin funds saw this happen for seven consecutive trading days through November 13, U.S. Eastern Time.

Second, IBIT alone saw $144 million in outflows, while FBTC saw $41.92 million flow out.

Third, $ETH spot ETFs moved in the opposite direction, with net inflows of $2.36 million. FETH led the inflows with $11.64 million, while $9.28 million flowed out of Grayscale Ethereum Mini Trust.

What this means for you: if outflows from $BTC funds continue, they could increase selling pressure in the market, but they don't guarantee the price direction.

Remember this rule: seven consecutive days of outflows aren't just a one-day coincidence. Watch day eight.

Have you ever seen a long streak of outflows from $BTC funds? What happened next? 👇

#Bitcoin #ETF

This content is for informational purposes only and is not financial advice.

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