# A MARKET WITHOUT BUYERS: ETFs, CONFIDENCE AND LEVERAGE.
The real problem isn't an event; it's a lack of demand.
During the week of November 2 to 6, only Fidelity ended in positive territory among the ETFs, while the other funds were broadly negative, excluding IBIT.
Withdrawals from Binance also reignited investor concerns. As a result, even the slightest rebound is sold off. On November 5, more than a billion dollars in positions were liquidated when Bitcoin plunged below $76,000. Institutional buyers are there, but that isn't enough to offset the selling.
The post-election rebound also quickly ran into resistance. Even altcoins, which usually amplify gains, are lagging: Avalanche has lost 28% in four weeks. After a 7.3% decline in October, the market lacks a catalyst: steady inflows into ETFs and falling interest rates. Without that, Bitcoin remains under pressure.
The real problem isn't an event; it's a lack of demand.
During the week of November 2 to 6, only Fidelity ended in positive territory among the ETFs, while the other funds were broadly negative, excluding IBIT.
Withdrawals from Binance also reignited investor concerns. As a result, even the slightest rebound is sold off. On November 5, more than a billion dollars in positions were liquidated when Bitcoin plunged below $76,000. Institutional buyers are there, but that isn't enough to offset the selling.
The post-election rebound also quickly ran into resistance. Even altcoins, which usually amplify gains, are lagging: Avalanche has lost 28% in four weeks. After a 7.3% decline in October, the market lacks a catalyst: steady inflows into ETFs and falling interest rates. Without that, Bitcoin remains under pressure.