Historical snapshot: Cointelegraph published the original report on November 9, 2026, at 16:17:35 UTC+8. Figures below reflect that reporting window, not current market conditions.
ETF withdrawals concentrated in BlackRock’s IBIT
US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the preceding week, their largest weekly withdrawals since late June, according to SoSoValue. That brought year-to-date net outflows to about $919 million, following $515 million in net withdrawals during October.
BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, accounted for most of the withdrawals. Farside Investors data showed $1.21 billion in weekly net outflows—about 95% of the aggregate total reported by SoSoValue. Through Friday, IBIT had recorded six consecutive trading sessions of net outflows, with approximately $1.44 billion withdrawn since October 30.
Flows were not uniformly negative across funds. Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted about $93 million in net inflows for the week despite nearly $200 million in outflows on Thursday.
Price and sentiment readings
Bitcoin fell below $76,000 during the week as traders digested the fallout from Binance’s $6.3 billion hack, uncertainty following the US midterm elections and a technology-stock sell-off, Cointelegraph reported.
At publication, Bitcoin traded at $74,049, down 5% over seven days and 2.3% over 24 hours, according to CoinGecko.
In a statement shared with Cointelegraph, Bitfire Research cited two sentiment and pricing indicators:
- Crypto Fear & Greed Index: 25. The report supplied no earlier reading for comparison, so this is a snapshot rather than evidence of a change in sentiment.
- Negative Coinbase Premium: Bitcoin was trading at a discount on Coinbase relative to the indicator’s benchmark.
Bitfire’s conditional risk assessment
Bitfire said shifting US interest-rate expectations, post-election uncertainty and technology-stock weakness weighed on crypto markets. Investors were also reassessing whether Congress could pass the CLARITY Act before year-end, the firm said.
Describing conditions as a “breakdown and bottom-seeking phase,” Bitfire identified upcoming US inflation data and Federal Reserve signals as factors to watch. It warned that a sustained break below $74,400–$75,000 could lead to further selling.
The reported publication-time price was already below that range. A single price observation, however, does not establish the sustained break specified in Bitfire’s conditional assessment.