$BTC Bounces 4%, But ETF Flows Say Wait
Bitcoin is trading around 80.4K after a sharp daily candle, yet US spot Bitcoin ETFs have logged three consecutive outflow sessions.
📉 Oct 30: -$643.2M
📉 Nov 2: -$398.6M
📉 Nov 3: -$115.6M
Total: roughly $1.16B out, while price moved up. That divergence matters. The bounce is not being carried by ETF demand, so it needs other support to hold.
Key levels on the chart: the prior rejection zone above, and the recent swing low below that price must defend.
Reclaiming a level is not a confirmed retest. Until flows turn or price holds a retest, this is a bounce, not a trend change.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin #ETF
Bitcoin is trading around 80.4K after a sharp daily candle, yet US spot Bitcoin ETFs have logged three consecutive outflow sessions.
📉 Oct 30: -$643.2M
📉 Nov 2: -$398.6M
📉 Nov 3: -$115.6M
Total: roughly $1.16B out, while price moved up. That divergence matters. The bounce is not being carried by ETF demand, so it needs other support to hold.
Key levels on the chart: the prior rejection zone above, and the recent swing low below that price must defend.
Reclaiming a level is not a confirmed retest. Until flows turn or price holds a retest, this is a bounce, not a trend change.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin #ETF
