U.S. spot Bitcoin ETF recorded $1.44 billion in net outflows between November 5 and November 11, marking five consecutive days of investor withdrawals. Bitcoin is now trading near $73,500, struggling to reclaim the $75,000 level after briefly reaching $80,000 on November 4. BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of the selling pressure, recording $269.7 million in net outflows on November 11 alone. Major outflow days included $430.2 million on November 5 and $411.9 million on November 6, according to Coinglass data.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.