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Bitcoin News Update: Bitcoin ETFs See $3 Billion Outflow Amid Market Uncertainty and Death Cross Triggered Sell-Off

Bitcoin News Update: Bitcoin ETFs See $3 Billion Outflow Amid Market Uncertainty and Death Cross Triggered Sell-Off

Bitget-RWA2025/11/22 18:54
By:Bitget-RWA

- Bitcoin ETFs lost $3B in November, with BlackRock's IBIT recording a record $523M single-day outflow amid macroeconomic uncertainty and bearish technical signals. - Bitcoin's price fell below $90K for first time since April, pushing ETF investors underwater as Fed's December rate cut odds dropped below 50% and a "death cross" deepened caution. - Options markets show $2.05B in $80K strike put open interest, while crypto miners face losses as outflows shift capital to altcoins like Solana and XRP . - Analy

Bitcoin ETFs are currently enduring one of their most challenging stretches, with weekly net outflows exceeding $1.2 billion as investor confidence falters due to economic uncertainty and negative technical trends. U.S. spot

exchange-traded funds (ETFs) have seen nearly $3 billion withdrawn so far in November, with BlackRock's (IBIT) at the forefront of these withdrawals. The fund in a single day—the highest since its debut in January 2024—making up over 70% of this month’s total redemptions so far. This is now the second most severe month for Bitcoin ETFs, , and could potentially overtake that record if the sell-off continues.

This wave of selling has coincided with Bitcoin’s price dropping below $90,000 for the first time since April, wiping out almost 30% from its October high. The fall has pushed U.S. spot ETF investors into losses, prompting more redemptions as liquidity dries up and optimism fades. "

," explained Dilin Wu, a research strategist at Pepperstone. The average entry price for spot Bitcoin ETF investors is now close to $90,000, .

Bitcoin News Update: Bitcoin ETFs See $3 Billion Outflow Amid Market Uncertainty and Death Cross Triggered Sell-Off image 0

Bearish sentiment is being intensified by worsening macroeconomic signals. The likelihood of the Federal Reserve cutting rates by 25 basis points in December has dropped sharply from above 90% to under 50%, putting additional pressure on risk assets like Bitcoin. At the same time, technical signals—including Bitcoin’s fourth “death cross” this cycle, where short-term momentum falls below long-term averages—have made investors even more cautious.

, boosting short positions by $5.7 million within a day, with total net shorts now at $275 million.

Options trading is showing increased nervousness, as put options now dominate open interest. The $80,000 strike price alone accounts for $2.05 billion in open contracts, indicating widespread hedging against further price drops. "

," said Sean Dawson, head of research at Derive.xyz.

The recent outflows are having a ripple effect across the broader crypto market. While Bitcoin ETFs are seeing withdrawals, alternative cryptocurrencies like

and are attracting new investments, suggesting a shift in capital. However, Bitcoin mining companies are facing profitability pressures, and Canaan Inc. posting a $27.7 million net loss despite more than doubling its revenue.

Once seen as a key driver of institutional adoption, Bitcoin ETFs are now undergoing a major test of their durability. Analysts are split: Geoff Kendrick of Standard Chartered points out that ETF inflows fueled Bitcoin’s 2025 rally, but the current outflows may signal a reversal. Should November’s trend persist, it could prove to be a turning point for crypto investor sentiment, prompting a reassessment of strategies as the year draws to a close.

: Cointelegraph

: TradeBrains

: Bitget

: Cryptorank

0

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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