Bitcoin News Update: Bitcoin ETFs See $3 Billion Outflow Amid Market Uncertainty and Death Cross Triggered Sell-Off
- Bitcoin ETFs lost $3B in November, with BlackRock's IBIT recording a record $523M single-day outflow amid macroeconomic uncertainty and bearish technical signals. - Bitcoin's price fell below $90K for first time since April, pushing ETF investors underwater as Fed's December rate cut odds dropped below 50% and a "death cross" deepened caution. - Options markets show $2.05B in $80K strike put open interest, while crypto miners face losses as outflows shift capital to altcoins like Solana and XRP . - Analy
Bitcoin ETFs are currently enduring one of their most challenging stretches, with weekly net outflows exceeding $1.2 billion as investor confidence falters due to economic uncertainty and negative technical trends. U.S. spot
This wave of selling has coincided with Bitcoin’s price dropping below $90,000 for the first time since April, wiping out almost 30% from its October high. The fall has pushed U.S. spot ETF investors into losses, prompting more redemptions as liquidity dries up and optimism fades. "
Bearish sentiment is being intensified by worsening macroeconomic signals. The likelihood of the Federal Reserve cutting rates by 25 basis points in December has dropped sharply from above 90% to under 50%, putting additional pressure on risk assets like Bitcoin. At the same time, technical signals—including Bitcoin’s fourth “death cross” this cycle, where short-term momentum falls below long-term averages—have made investors even more cautious.
Options trading is showing increased nervousness, as put options now dominate open interest. The $80,000 strike price alone accounts for $2.05 billion in open contracts, indicating widespread hedging against further price drops. "
The recent outflows are having a ripple effect across the broader crypto market. While Bitcoin ETFs are seeing withdrawals, alternative cryptocurrencies like
Once seen as a key driver of institutional adoption, Bitcoin ETFs are now undergoing a major test of their durability. Analysts are split: Geoff Kendrick of Standard Chartered points out that ETF inflows fueled Bitcoin’s 2025 rally, but the current outflows may signal a reversal. Should November’s trend persist, it could prove to be a turning point for crypto investor sentiment, prompting a reassessment of strategies as the year draws to a close.
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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