As per Odaily, Bitcoin and Ethereum have experienced significant market volatility following BTC's drop below the $100,000 level. Data shows a sharp increase in net outflows from Bitcoin and Ethereum spot ETFs, with Bitcoin ETFs recording a record $869.86 million net outflow on November 13, the highest in nine months. Ethereum ETFs also saw consistent outflows, with daily net outflows ranging between $150 million and $200 million. Meanwhile, major players like Michael Saylor continue to accumulate BTC, while others, such as BlackRock, have sold portions of their holdings. On-chain data indicates that long-term Bitcoin holders are cashing out, while Ethereum reserve companies show mixed buying and selling activity.
Bitcoin and Ethereum ETFs See Major Net Outflows as Market Volatility Rises
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