Key Notes

Bitcoin ETFs saw $278 million in outflows.

Analysts say a rebound to $112K remains likely.

Bitcoin trades near $103K, holding above the $100K support.

Bitcoin spot ETFs recorded total net outflows of $278 million on Nov. 12, according to SoSoValue data, while the price of the leading digital currency failed to push past the $105K price level.

Despite the sell-off pressure, some analysts believe the pullback could set the stage for another price surge, potentially putting Bitcoin BTC $103 735 24h volatility: 0.3% Market cap: $2.07 T Vol. 24h: $76.31 B on the path toward $112,000, around the 100-day simple moving average.

$278 Million Exodus: Fidelity and Ark Lead the Pack

The largest single-day withdrawal came from Fidelity’s FBTC, which

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