Key Notes

Bitcoin ETFs saw $186.5 million in net outflows, led entirely by BlackRock’s IBIT.

BTC price plunged to $104,500, marking an 8% weekly decline.

Further downside is possible if short-term selling pressure spreads to long-term holders.

Bitcoin’s BTC $103 768 24h volatility: 3.7% Market cap: $2.07 T Vol. 24h: $82.33 B rocky start to November has worsened after spot ETFs tracking the cryptocurrency recorded $186.5 million in net outflows on Nov. 3. According to latest data, every Bitcoin ETF saw zero inflows, with only BlackRock’s IBIT responsible for the day’s withdrawals.

This marks the fourth consecutive trading day of capital exit from Bitcoin ETFs , with over $1.34 billion being pulled since late October. This suggests waning investor confi

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