#ETFCikisi5Gun Bitcoin spot ETFs have seen continued net outflows for 5 days, while BTC is falling sharply around the $73K area. Is this just a technical correction?
📌 Key Data (CoinDesk, November 12, 2026, 06:30 EST):
- BTC: $69,939, down 0.8% in 24 hours, near its daily low
- Spot BTC ETFs: 5th day of outflows, totaling ~$1.44B (since November 5)
- BlackRock IBIT: 9th consecutive session of redemptions, with $269.7M in outflows
- Futures volume: -20.64%, at $168.6B
- Open interest (OI): -2.92%, at $125.8B
- BTC liquidations: $62.9M, 64.5% of them longs
- Fear & Greed Index: 26 (fear zone)
📉 Technical Analysis:
BTC futures OI fell 2.9%, while the price dropped 0.6%. CVD is negative — market orders are skewed toward selling. $73,000–$74,000 put options (November 13 expiration) indicate a strong support level. The 1-week skew is around 11%, with put premiums higher than call premiums.
🐋 On-Chain / Whale Evidence:
ETF flows have been negative for 5 days. IBIT's 9-session losing streak points to waning institutional demand. The more than 20% drop in futures volume and OI falling to $125.8B suggest positions are being closed and money is leaving the market.
🎯 Clear Plan:
Bias: Short/neutral looks stronger. The $73,000–$74,000 zone is critical support. If this level breaks, the next target is $70,000–$71,000. Stop: a close above $75,000. For a long position, wait for a confirmed close above $73K.
📌 Closing thought: If ETF outflows continue into a 6th day, how low could BTC fall? We look forward to your comments.
#BTC $BTC #ETF #Kripto #Market
This is not financial advice.