Market Sentiment and Bitcoin Performance - Bitcoin dipped below $95,000, driving the Bitcoin fear and greed index to a level of 10, unseen since the FTX collapse of 2022 or the COVID pandemic crash of 2020 [1] - The Bitcoin fear and greed index reached 10, compared to 24 during the liberation day tariff announcement [2] - The market is uncertain whether the current Bitcoin price and fear/greed index of 10 represents a buying opportunity or indicates a further 50% pullback [3] Factors Contributing to Market Decline - Bitcoin's decline is attributed to US liquidity stress, long-term Bitcoin holders taking tax-driven profits, and persistent American selling [4] - November could become Bitcoin's biggest ETF outflow month ever, with mid-month outflows already hitting 23 billion [5] - ETF outflows are contributing to the weakness, with the largest daily outflows since their inception [6] - Lack of new marginal buyers is contributing to rangebound trading and weakness, with a $93,000 level identified as a potential air pocket [7] - Government shutdown-induced liquidity crunch in America is impacting crypto markets, especially on weekends [10] Potential Catalysts and Market Outlook - The timing of government liquidity reopening is crucial, with expectations that it may take another month or two to be felt [8] - The possibility of the Fed cutting rates is uncertain, but a rate cut is needed to support asset prices [9] - Sellers eventually have to be exhausted after altcoin profits are plummeting, with only 5% of altcoin investors in profit [11] - A new narrative is needed, not just for crypto, but for why markets would go up and why the American economy would be good in the following months [15] - Treasury Secretary Scott Bessent signals a potential acceleration in the economy in the first and second quarter, with Americans feeling it in 2026 due to President Trump's plans [16][17]

🚨 BitMart Update | Nov 7With liquidity tightening and ongoing BTC & ETH ETF outflowsBTC is testing the key $98K supportETH and alts remain weakRisk appetite is fading as markets shift into defense https://t.co/hkvNO7ycSl ...

🚨 INSIGHT: Bitcoin’s drop toward $100K deepened as $2B in ETF outflows, weak earnings, and macro fears shook investor confidence. https://t.co/dY65IxPaMv ...

Fairly large BTC ETF outflows yesterday with $530.9M outgoingBut still much smaller than some of the outflows seen in August (-$812M on Aug 1) https://t.co/2IVxtzc4W8 ...

QCP: BTC and ETH recovered to 112k and 4.1k after last week’s drop. Despite heavy ETF outflows, spot prices held steady. Perpetual leverage and open interest are rising ahead of Friday’s NFP, with BTC up 3% this month and 115k as the next key test. https://t.co/SYPNg2EoFU ...

Market Trends - Bitcoin price declines below $109K [1] - ETF outflows are increasing [1] Economic Factors - US inflation data is anticipated [1]

Market Trends & ETF Flows - Bitcoin ETF's are experiencing their longest outflow streak of 6 market days, reminiscent of the tariff fears in early April [1] - Increasing evidence suggests that Bitcoin ETF inflows and outflows are driven by retail investors, not solely by institutions as initially observed [1] - Large numbers of retail traders can make emotional decisions when they believe markets have topped, outflowing their money from ETF's [2] Investment Signals - Retail trader outflows from ETFs can temporarily drive markets down [2] - Such outflows often signal eventual market bottoms, similar to what was observed in April [2]

Market Trends - Bitcoin and ETH experienced a bounce after significant ETF outflows [1] - Bitwise anticipates BTC outperforming traditional assets [1] Regulatory Landscape - SEC chair considers the majority of crypto tokens as non-securities [1]