data<\/a> from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $240 million in net inflows on Thursday, marking an end to the prior six-day outflow streak that saw over $2 billion exit the funds.<\/p>\nBlackRock\u2019s IBIT captured the lion\u2019s share of inflows on the day, with $112.4 million entering the fund. This came just a day after it witnessed $375.5 million in outflows.<\/p>\n
Fidelity\u2019s FBTC and ARK 21Shares\u2019 ARKB followed with $61.6 million and $60.4 million in inflows, respectively, while Bitwise\u2019s BITB saw a modest $5.5 million inflow by the end of the trading session. The remaining BTC ETFs saw \u201czero\u201d flows on the day.<\/p>\n
Despite today\u2019s return of inflows, November is still shaping up to be a challenging month for U.S. spot Bitcoin ETFs, which have collectively seen $661 million in net outflows so far. By comparison, October and September brought in $3.53 billion and $3.42 billion in inflows, respectively.<\/p>\n
Inflows returned as Bitcoin price briefly recovered back above $104k, after a visit to multi-month lows on Nov. 5 when the flagship crypto fell below the six-figure mark.\u00a0<\/p>\n
<\/p>\n
BTC defends $100k as crypto liquidations linger<\/h1>\n Bitcoin dropped from an intraday high of $104,346 on Nov. 6 to a low of $100,527 later that day. While it managed a brief rebound, the price faced renewed selling pressure, dipping again to around $100,560 earlier today as bears kept up the momentum.<\/p>\n
At press time, BTC has clawed back some ground, trading near $101,733, though it remains down 1.5% over the past 24 hours.<\/p>\n
Analysts note that Bitcoin must continue to hold the critical $100K psychological support level to avoid opening the door to deeper losses, especially with market sentiment still fragile and liquidation pressures lingering.\u00a0<\/p>\n
Over $586.21 million has been liquidated in the past 24 hours, with $378 million of it from long liquidations. Such unwinding of leveraged positions could continue to weigh on prices in the short term, especially when key support levels like Bitcoin\u2019s $100K threshold fail to hold. Persistent volatility and cautious sentiment may further discourage risk-taking across major tokens.<\/p>\n
As previously reported by crypto.news, on-chain data adds to the caution. Bitcoin\u2019s MVRV ratio, which reflects unrealized profits across the network, has been drifting lower even as its price tries to stay above $100,000.<\/p>\n
The MVRV ratio has consistently found support within the 1.7 to 1.8 range during this market cycle. This area has effectively served as a profit floor since early 2024.\u00a0<\/p>\n
Historically, when the ratio approaches this zone, it suggests the market is entering a region of undervaluation, often followed by a period of consolidation or recovery.\u00a0<\/p>\n
However, if Bitcoin\u2019s price were to drop and the MVRV ratio were to retest the 1.7 to 1.8 range, the corresponding price range of $91,800 to $97,200 would represent the profit floor where bulls may look to re-enter the market.<\/p>\n
<\/p>\n
\n
\n
<\/use> <\/svg> <\/div>\n\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
U.S. spot Bitcoin ETFs resumed inflows on Nov. 7 as institutional demand for the bellwether asset returned, after BTC bulls successfully defended the $100K support level. Summary U.S. Bitcoin ETFs…<\/p>\n","protected":false},"author":1,"featured_media":15459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15458","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\/15458","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=15458"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15458\/revisions"}],"predecessor-version":[{"id":15460,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15458\/revisions\/15460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15459"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}