US spot Bitcoin ETFs bleed over two billion in second worst outflow streak ever. And uh this is over seven days. It's not just this week. It's over seven days.And you can see that it's brutal. So let's see. Black Rockck pretty much the biggest offenders because they have the most.And then uh see like everybody's in the either they were in the red or they didn't buy. Wow, look at that. That sucks.So, you're down two billion. Is that what it is. Well, 8 n 10 somewhere around there.So, yeah. So, uh, second wor ...

A crypto hedge fund manager has uncovered a concerning metric for the market that could signal potentially worrying times ahead for Bitcoin predictions in November and beyond. Charles Edwards, founder of Capriole Investments, took to X yesterday (November 3), posting a chart showing that net institutional buying has dropped below the daily mined BTC for the first time in seven months. Bitcoin is down 2.5% today as the market continues to struggle, with any pump quickly being sold off. The combined crypto ...

Core Insights - Bitcoin's price is currently around $110,000, showing cautious sentiment after a slow "Uptober" and ongoing selling pressure in the market [1] - Recent ETF outflows indicate rising sell pressure from traditional finance investors and a decline in institutional demand, with approximately $191 million withdrawn from spot Bitcoin ETFs on Friday and $488 million on Thursday [2] - The Federal Reserve's recent interest-rate cut has had little impact on broader markets, and its hawkish tone for December has dampened optimism [3] Bitcoin Market Analysis - Analyst Ali Martinez questions whether Bitcoin's current structure can support a price increase to $250,000 by December, as it remains near $110,000 [3] - Bitcoin is still on an uptrend that began after its 2022 bottom, with two years of higher highs and higher lows, suggesting that the worst phase may be behind the market [4] - The monthly MACD remains positive but is flattening, indicating dwindling momentum, while Bitcoin trades laterally under $120,000 [5] Ethereum Market Analysis - Ethereum is currently holding strong above the key support zone of $3,600–$3,750, with buyers protecting this area after a recent bounce [6] - A potential bull-flag pattern is forming below the $4,100–$4,250 resistance band, which has been a barrier to upward movement since mid-2025 [7]

Crypto ETF Outflows - Spot Bitcoin ETFs recorded total net outflows of $471 million [1] - All 12 Spot Bitcoin ETFs experienced no inflows [1] - Spot Ethereum ETFs saw total net outflows of $8144 million [1] Individual ETF Performance - BlackRock's ETHA was the only Spot Ethereum ETF to register net inflows [1]

Core Insights - Bitcoin's volatility persists, with potential for 50% drawdowns despite increasing institutional adoption [1][7] - Tom Lee warns that Bitcoin mirrors the stock market, often amplifying its movements, which could lead to significant price corrections [2][7] - Long-term bullish outlook remains, with predictions of Bitcoin reaching $200,000–$250,000 by year-end [3][7] Market Dynamics - Bitcoin's price swings have softened due to spot Bitcoin ETFs and institutional participation, yet it still correlates closely with traditional markets [2] - Historical data shows Bitcoin's tendency for sharp corrections, as evidenced by a nearly 50% drop from $69,000 to $35,000 in late 2021 [5] - If Bitcoin has peaked for this cycle, a 50% decline from its current price of around $110,000 could bring it down to approximately $55,000 [4] Analyst Perspectives - Some analysts argue that Bitcoin may be entering a longer cycle, changing investor perceptions regarding its price movements [5] - Contrarily, MicroStrategy's Michael Saylor believes the era of severe downturns in crypto is over, suggesting a more stable market ahead [5][6] - Tom Lee has also expressed a bullish stance on Ethereum, indicating confidence in the broader cryptocurrency market [6]

Spot ETF Flows - Spot Bitcoin ETFs experienced a total net outflow of $104 million [1] - None of the twelve Spot Bitcoin ETFs saw a net inflow [1] - Spot Ethereum ETFs recorded a total net inflow of $170 million [1] - Blackrock ETF ETHA received the largest single-day net inflow at $164 million [1]

Spot Bitcoin ETF Inflows - Spot Bitcoin ETFs experienced a total net inflow of $103 million [1] - Fidelity ETF FBTC received the largest single-day net inflow at $133 million [1] Spot Ethereum ETF Inflows - Spot Ethereum ETFs recorded a total net inflow of $236 million [1] - None of the nine Spot Ethereum ETFs saw a net outflow [1]

Core Insights - Bitcoin has seen a year-to-date increase of 30%, with a recent price surge reaching $120,000, approaching its all-time high of $124,457 from the summer [1][4] - Historical data indicates that Bitcoin typically performs well in the fourth quarter, with average gains of 80% [3][4] - Analysts predict potential price targets for Bitcoin, with Citigroup suggesting $132,000 by year-end and $181,000 next year, while Fundstrat's Tom Lee estimates a possible rise to $200,000 this year [5][6] Performance Trends - Bitcoin has historically increased by 20% in October, 46% in November, and 5% in December since 2013 [3] - The fourth quarter has seen significant rallies in previous years, particularly in 2017 and 2020 [4] - Despite a 30% increase this year, Bitcoin is underperforming compared to other leading cryptocurrencies [8] Market Drivers - Strong demand from institutional investors is a key factor driving Bitcoin's price, particularly through spot Bitcoin ETFs [7] - Positive inflows into these ETFs are expected to support further price increases for Bitcoin [7]

Core Insights - Bitcoin has become a significant global financial asset, with a price increase of 47,430% over the past decade, turning a $1,000 investment into over $475,000 [2][3] - The support from major financial institutions and political entities indicates a growing confidence in Bitcoin's longevity and potential [4][7] - The success of spot Bitcoin ETFs, particularly Blackrock's iShares Bitcoin Trust, highlights the increasing demand and profitability of Bitcoin-related financial products [6] Current Landscape - Bitcoin's 17-year history since its first block was mined has solidified its position in the financial market, attracting attention from Wall Street and Washington D.C. [4] - Financial institutions are adapting to client demand for Bitcoin exposure, leading to innovative financial products [5] Future Projections - By 2035, Bitcoin's market cap could reach parity with gold, suggesting a potential price increase of approximately 11-fold, translating to an annualized return of 27% [8] - The increasing acceptance of Bitcoin by politicians and financial institutions could lead to its adoption as a widely used medium of exchange, presenting further upside potential [9]

Core Insights - Bitcoin briefly surpassed $116,000 following new US inflation data, which raised expectations for a Federal Reserve interest rate cut, positively impacting risk assets [1] - The overall cryptocurrency market increased by 1.5% to $4.1 trillion, with Ether rising 2.5% to $4,519 [1] - Recent economic data, including a decline in the producer price index and revisions to employment figures, have shifted market sentiment towards anticipating monetary easing [2][3] Economic Indicators - The producer price index showed a surprising decline of 0.1%, contrary to expectations of a 0.3% increase, indicating easing wholesale inflation [1] - Consumer price index figures confirmed a rise in headline inflation, but not enough to deter expectations for monetary easing [2] - The Bureau of Labor Statistics revised down employment data, erasing approximately 900,000 jobs, suggesting a weaker labor market than previously believed [3] Market Reactions - The combination of steady inflation and downward revisions in employment data is leading the Federal Reserve to consider rate cuts to support economic growth [4] - Risk assets, including Bitcoin and gold, rallied in anticipation of the Fed's actions, with investors positioning themselves ahead of potential monetary easing [5] - Weekly jobless claims rose to 263,000, reinforcing expectations for a September rate cut as markets balance inflation concerns with signs of slowing growth [6] Institutional Interest - On September 11, spot Bitcoin ETFs attracted $553 million in net inflows, marking the fourth consecutive day of gains, while Ethereum spot ETFs added $113 million [7] - Regardless of whether the Fed opts for a quarter- or half-point cut, Bitcoin continues to draw institutional capital, with its role in investment portfolios expanding [7]