Bitcoin Spot ETF Outflows Reach $4.34B Amid Four-Week Slide
Bitcoin Spot ETF Outflows extended into a fourth consecutive week, with net withdrawals of $1.22 billion in the period ending November 21, bringing November’s total to $4.34 billion. BlackRock’s IBIT fund led redemptions with $1.09 billion withdrawn, including a single-day $523 million exit as BTC slid from $95,600 to $82,200. Bitcoin has since recovered to around $87,300 but remains in a fragile $85,000–$90,000 consolidation. Ethereum spot ETFs saw a third week of outflows totaling roughly $502 million, while Solana and XRP ETFs bucked the trend with inflows of $128 million and $180 million respectively. These patterns underscore sustained institutional risk aversion and ongoing pressure on market liquidity.
Bearish
Sustained Bitcoin Spot ETF outflows for four consecutive weeks, led by BlackRock’s IBIT withdrawals, combined with BTC’s slide to $82,200, signal ongoing selling pressure and reduced liquidity. Although a rebound to about $87,300 has occurred, the narrow $85,000–$90,000 trading range and persistent institutional redemptions indicate weak bullish momentum. This continued risk aversion and constrained price action suggest bearish sentiment both short term and medium term.