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Bitcoin News Update: $3 Billion Withdrawn from ETFs as Investors Exit, Altcoin Inflows Indicate Changing Preferences

Bitcoin News Update: $3 Billion Withdrawn from ETFs as Investors Exit, Altcoin Inflows Indicate Changing Preferences

Bitget-RWA2025/11/18 16:08
By:Bitget-RWA

- Bitcoin faces selloff as 65,200 BTC ($5.8B) transferred to exchanges, with prices below $103,227 realized cost basis. - Bitcoin ETFs see $3B in outflows over three weeks, led by Grayscale and BlackRock , as investors shift to cash and altcoin ETFs. - Altcoin ETFs attract $500M in inflows, contrasting Bitcoin's 13% average loss, while Ethereum ETFs lose $1.2B amid weak derivatives markets. - Technical indicators show fragile Bitcoin at $95,000 with RSI at 34, risking further declines if support below $94,

Bitcoin is under increasing strain as short-term investors continue to liquidate their holdings amid a widespread market downturn, with 65,200 BTC—worth more than $5.8 billion at current valuations—recently moved to exchanges

. This activity points to renewed capitulation among those who purchased during the 2025 rally, this year’s realized cost basis of $103,227, resulting in an average loss of 13% for holders. This pattern is reminiscent of , when dropped from $109,000 to $76,000 over an 80-day period, although the current decline has lasted just 43 days so far.

The selloff has intensified due to significant outflows from Bitcoin spot ETFs. On November 13, U.S.-listed ETFs saw net redemptions of $866.7 million—the second-highest single-day withdrawal since their January 2024 introduction—

of $812.3 million. Grayscale’s Bitcoin Mini Trust and BlackRock’s led the withdrawals, with $318 million and $257 million redeemed, respectively. over the past three weeks, highlighting a broader move to reduce risk as investors pivot to cash, bonds, and gold amid economic uncertainty.

Bitcoin News Update: $3 Billion Withdrawn from ETFs as Investors Exit, Altcoin Inflows Indicate Changing Preferences image 0

This wave of capitulation has coincided with increased interest in altcoin ETFs.

have attracted more than $500 million in combined inflows since their debuts, in stark contrast to the outflows from Bitcoin and funds. For example, the Canary ETF drew $250 million on its first trading day, the largest for any ETF launch this year. Meanwhile, in the last three weeks, with BlackRock’s ETHA experiencing a record weekly outflow of $421 million since its inception.

Technical analysis indicates Bitcoin remains vulnerable.

, with the Relative Strength Index (RSI) at 34 and the Moving Average Convergence Divergence (MACD) still signaling bearish momentum. A move above $96,000 could restore bullish sentiment, but that ongoing institutional selling and a weakening derivatives market—evidenced by falling Open Interest—could hinder a near-term rebound.

This capitulation fits a broader trend in investor behavior. In April,

its 2025 realized price of $70,000, a level that has historically marked a buying opportunity. However, seen in previous cycles, as ETF outflows and limited new capital have intensified the selling.

Market sentiment remains split. While

after a 17% drop in November and a 30% fall from October’s peak, others warn that the lack of a clear bottom could extend the volatility. “The market is testing crucial support,” one analyst commented, adding that a close below $94,000 could trigger more panic selling .

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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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