Bitcoin News Update: $3 Billion Withdrawn from ETFs as Investors Exit, Altcoin Inflows Indicate Changing Preferences
- Bitcoin faces selloff as 65,200 BTC ($5.8B) transferred to exchanges, with prices below $103,227 realized cost basis. - Bitcoin ETFs see $3B in outflows over three weeks, led by Grayscale and BlackRock , as investors shift to cash and altcoin ETFs. - Altcoin ETFs attract $500M in inflows, contrasting Bitcoin's 13% average loss, while Ethereum ETFs lose $1.2B amid weak derivatives markets. - Technical indicators show fragile Bitcoin at $95,000 with RSI at 34, risking further declines if support below $94,
Bitcoin is under increasing strain as short-term investors continue to liquidate their holdings amid a widespread market downturn, with 65,200 BTC—worth more than $5.8 billion at current valuations—recently moved to exchanges
The selloff has intensified due to significant outflows from Bitcoin spot ETFs. On November 13, U.S.-listed ETFs saw net redemptions of $866.7 million—the second-highest single-day withdrawal since their January 2024 introduction—
This wave of capitulation has coincided with increased interest in altcoin ETFs.
Technical analysis indicates Bitcoin remains vulnerable.
This capitulation fits a broader trend in investor behavior. In April,
Market sentiment remains split. While
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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