$BTC has a detail here worth noticing.
Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk - Decrypt In brief U.S. spot Bitcoin ETFs have seen five straight days of net outflows totaling $1.44 billion, as investors pulled back from risk assets. On November 5, when the Nasdaq Composite fell 5.5% in a single day, Bitcoin ETFs saw net outflows of about $430 million. On Decrypt Predict, users put a 40% chance on Bitcoin trading above $74,000 on Sunday afternoon, and a 94% chance that it will hold above $70,000. Sun estimated that the average holding cost for spot Bitcoin ETFs is around $81,000, meaning some ETF holders are now sitting on unrealized losses, and that some investors may cut their exposure further as they reassess their allocations at year-end.
Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk - Decrypt In brief U.S. spot Bitcoin ETFs have seen five straight days of net outflows totaling $1.44 billion, as investors pulled back from risk assets. On November 5, when the Nasdaq Composite fell 5.5% in a single day, Bitcoin ETFs saw net outflows of about $430 million. On Decrypt Predict, users put a 40% chance on Bitcoin trading above $74,000 on Sunday afternoon, and a 94% chance that it will hold above $70,000. Sun estimated that the average holding cost for spot Bitcoin ETFs is around $81,000, meaning some ETF holders are now sitting on unrealized losses, and that some investors may cut their exposure further as they reassess their allocations at year-end.