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Bitcoin News Update: Bitcoin ETFs See $437M Outflow While Harvard and Coincheck Express Careful Optimism

Bitcoin News Update: Bitcoin ETFs See $437M Outflow While Harvard and Coincheck Express Careful Optimism

Bitget-RWA2025/11/19 06:32
By:Bitget-RWA

- Coinbase's Bitcoin premium index remains negative at -0.0499%, reflecting weak institutional demand and declining ETF inflows totaling $437M in recent days. - Bitcoin futures open interest fell to $32.3B as long positions exit, while put options dominance and technical indicators confirm bearish momentum below $90,000 support. - Harvard's $443M IBIT allocation and Coincheck's Nasdaq listing plans contrast with broader market pessimism, as crypto funds shift toward altcoins amid macroeconomic pressures. -

The Coinbase

Premium Index has stayed below zero since October 31, now sitting at -0.0499%. This indicates persistent weakness in institutional demand for Bitcoin and a cautious market mood. The index, which tracks the gap between Bitcoin’s spot price and its futures, in investor strategies as global economic worries and profit-taking continue to impact the crypto sector.

Recent figures show a significant drop in funds moving into Bitcoin exchange-traded funds (ETFs),

just on Monday. BlackRock’s IBIT, the largest Bitcoin ETF, experienced $145.5 million in withdrawals, while ETFs saw $182.8 million in outflows, . This pattern matches that has wiped out more than $1.9 billion from spot Bitcoin ETFs since late October. to waning hopes for Federal Reserve rate cuts, persistently high interest rates, and shrinking liquidity in crypto markets.

The downturn has been intensified by institutional withdrawals and corporate hedging,

from Bitcoin’s price. has dropped to $32.3 billion, marking one of the steepest declines in 2025 and signaling a steady reduction in long positions. At the same time, derivatives markets show increased demand for protective puts, with open interest at the $85,000 and $90,000 strikes .

Despite the prevailing negative trend, some large investors are making calculated moves.

recently invested $443 million in Bitcoin through BlackRock’s IBIT, reflecting a measured optimism in the asset’s long-term prospects. Meanwhile, Japanese platform Coincheck before the end of the year, which could introduce another significant player to the U.S. crypto exchange scene.

Technical signals continue to support a bearish scenario.

, a crucial indicator for momentum, and its relative strength index (RSI) is close to oversold territory. have confirmed that the market has entered a bearish phase, citing weak ETF inflows, ongoing selling by long-term holders, and subdued activity from retail investors. The next major support is at $93,000, and a drop below $90,000 could speed up the decline.

Market watchers remain split on when a recovery might begin. Mike Alfred, a crypto investor,

might postpone creating a Bitcoin reserve until other countries take action, adding more uncertainty to the timeline for institutional adoption. Meanwhile, from its October peak of $126,251, now trading at seven-month lows below $90,000.

As the crypto sector faces ongoing macroeconomic challenges,

into altcoin ETFs, with inflows seen in , , and products. Still, these shifts have not been enough to counteract the overall drop in risk appetite. With liquidity tightening and volatility persisting, the outlook for a lasting recovery remains uncertain.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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