{"id":14987,"date":"2025-11-02T18:43:04","date_gmt":"2025-11-02T18:43:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-death-cross-form-as-btc-etf-outflows-jump-607m\/"},"modified":"2025-11-02T18:43:11","modified_gmt":"2025-11-02T18:43:11","slug":"bitcoin-price-death-cross-form-as-btc-etf-outflows-jump-607m","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-death-cross-form-as-btc-etf-outflows-jump-607m\/","title":{"rendered":"Bitcoin price death cross form as BTC ETF outflows jump $607m"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin\u2019s price rose over the last three days, moving from a low of $106,340 to the current $110,000, as investors bought on the post-Federal Reserve interest rate decision dip.<\/p>\n<div id=\"cn-block-summary-block_9c56a62fe3584d1dfbd2ec156bfb4ee9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price has formed a death cross pattern on the daily chart.<\/li>\n<li>Spot Bitcoin ETFs shed over $600 million in assets last week.<\/li>\n<li>Odds of the Federal Reserve interest rate cuts in December fell to 66%.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price death cross points to a steep crash<\/h2>\n<p>The daily timeframe chart shows that Bitcoin (BTC) has slumped in the past few days, moving from a high of $126,172 in September to the current $119,340.<\/p>\n<p>This chart points to more downside in the coming days as it has formed one of the most bearish patterns in technical analysis. It has just formed a risky death cross pattern, as the 50-day and 200-day Weighted Moving Averages crossed.\u00a0<\/p>\n<p>A death cross is one of the most bearish patterns in technical analysis, as it signals that the short-term momentum is prevailing.\u00a0<\/p>\n<p>Bitcoin price has also moved below the Supertrend indicator, a sign that it remains under pressure. It is also below the Major S\/R pivot point of the Murrey Math Lines indicator.<\/p>\n<p>Most notably, the Average Directional Index and the True Strength Index indicators have pointed downward. These indicators mean the ongoing recovery is not strong enough.\u00a0<\/p>\n<p>Therefore, the most likely scenario is where the coin resumes the downward trend. A move below the support at $106,342 will signal further downside, potentially to the psychological $100,000 level.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BTC price chart | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Spot BTC ETF outflows rise<\/h2>\n<p>One potential catalyst for the bearish outlook is that spot Bitcoin ETFs had outflows last week. These funds shed over $607 million in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">outflows<\/a> after adding $446 million in inflows a week earlier.\u00a0<\/p>\n<p>These Bitcoin ETFs have cumulatively attracted over $61 billion in inflows. Their total net assets stand at $147.7 billion, representing 6.77% of the market cap.\u00a0<\/p>\n<p>Spot Bitcoin ETFs recorded outflows after the Federal Reserve published its interest rate decision.<strong> <\/strong>It delivered its second interest rate cut of the year on Wednesday and warned that a December cut was not guaranteed.<\/p>\n<p>As a result, the odds of a December rate cut have dropped from over 90% last week to 66% on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/fed-decision-in-december?tid=1762065711285\" target=\"_blank\" rel=\"nofollow\">Polymarket<\/a>. Bitcoin and other cryptocurrencies do well when the Fed is cutting rates.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price rose over the last three days, moving from a low of $106,340 to the current $110,000, as investors bought on the post-Federal Reserve interest rate decision dip. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14987"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14987\/revisions"}],"predecessor-version":[{"id":14988,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14987\/revisions\/14988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11403"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}