Daily Market Bits 📊 Bitcoin Falls Below $75K as Weekly ETF Outflows Reach $1.28B bitcoin:native traded near $74,540 at 09:00 UTC on November 9, following a Sunday low near $73,700. During the sell-off, 24-hour crypto liquidations exceeded $1 billion, including approximately $931 million in long positions, according to CoinGlass figures. U.S. spot Bitcoin ETFs recorded $1.28 billion in net outflows during November 2–6, with BlackRock’s IBIT accounting for approximately $1.21 billion. Tapbit Insight: Heavy long liquidations likely amplified the decline, while ETF withdrawals point to weak fund demand. Watch whether ETF flows improve as forced selling subsides; easing liquidations alone would not confirm a sustained recovery in buying demand. Disclaimer: This content is for informational purposes only and does not constitute financial, investment, or trading advice.
TapbitShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.