Add as a preferred source on GoogleBitcoin Fell Below $74,000 Nov. 8 Amid More Than $1 Billion in Liquidations
U.S. spot Bitcoin ETFs had $1.28 billion in net outflows across the Nov. 2-6 trading week; October CPI is due Tuesday, Nov. 10.
Bitcoin (BTC) fell below $74,000 late Sunday, Nov. 8, while more than $1 billion in leveraged crypto positions were forcibly closed over 24 hours ahead of U.S. inflation data.
BTC later recovered above $75,000. Across five U.S. trading sessions ending Nov. 6, U.S. spot Bitcoin ETFs saw $1.28 billion more leave than enter. Nov. 2, Nov. 3, Nov. 5 and Nov. 6 each had net outflows; Nov. 4 was the only session with a net inflow, at $74.6 million. BlackRock’s iShares Bitcoin Trust recorded about $1.21 billion in net withdrawals over the period, while Fidelity’s fund had a $42.8 million inflow on Nov. 6.
Liquidations are forced closures of leveraged positions. ETF net flows track money entering or leaving funds, so the two figures describe different activity.
October CPI is due at 8:30 a.m. ET on Tuesday, Nov. 10 (1330 UTC).
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.