Bitcoin: Everyone’s Panicking (Again!) 🤯

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So, Bitcoin flirted with $100,000 again. Like a moth to a very expensive, potentially flammable flame. It poked it, tested it, maybe even whispered sweet nothings to it, then… promptly got burned. October, it seems, wasn’t just about pumpkin spice lattes and questionable Halloween costumes; it was a full-blown price correction. And, naturally, everyone started running for the hills. 🏃‍♀️

Bitcoin ETFs See $1.28B In Net Withdrawals As Price Struggles Persist

Apparently, $1.28 billion vanished from US Bitcoin Spot ETFs last week. That’s more than I’ve made in… well, ever. According to SoSovalue, Friday alone saw $558.4 million flee. It’s like a digital gold rush in reverse, except instead of pickaxes, everyone’s wielding a “sell” button. Institutional investors, bless their cautious hearts, are apparently deciding that maybe, just maybe, digital money isn’t quite the future just yet.

BlackRock’s IBIT, the heavyweight champion of ETF withdrawals, lost $580.98 million. Imagine having that kind of money to just… casually withdraw. I’d be buying a small island. Instead, they’re spooked. It’s still sitting on $82.28 billion, which is 3.97% of all Bitcoin. That’s a lot of code. Fidelity’s FBTC wasn’t feeling great either, shedding $438.30 million, but they’ve still got a hefty $12 billion in inflows, so they’re probably fine. Sort of. Like a rich person with a slight cold.

Ark Invest’s ARKB and Grayscale’s GBTC also took a hit. Seriously, are people just trying to ruin these funds’ quarterly reports? VanEck’s HODL (yes, really, that’s the ticker) and others saw smaller drips, ranging from $8 to $13 million. It’s a little like watching someone slowly bleed money, but with more spreadsheets. 📊

Bitwise’s BITB and Grayscale’s BTC actually saw inflows – a grand total of $4.69 and $21.61 million respectively. Good for them, I guess. Someone has to be optimistic, even when the market smells vaguely of despair. Meanwhile, Invesco, WisdomTree, and Hashdex decided to just sit this one out, recording… nothing. Which is honestly kind of impressive.

As of now, November’s already showing a $1.22 billion outflow. But the ETFs still hold $59.97 billion overall. Which… doesn’t make me feel any better about my modest savings account. The total net assets are down 6.5% from last week. It’s like watching your diet crumble after one slice of cake.🍰

BTC Price Overview

Bitcoin is currently trading at $101,901, down a minuscule 0.98% from yesterday. Not that a few thousand dollars makes a difference when you’re already dealing with sums that resemble lottery winnings. Trading volume is down 42.62%. Apparently, people are too busy pacing and muttering, “Should I sell? Should I hold?” It’s currently 18.93% away from its all-time high. A chasm, really.

Coincodex thinks it’ll bounce back to $129,442 within five days, then settle around $111,963 next month. Which is optimistic. Or wildly inaccurate. Honestly, with Bitcoin, it’s always a bit of a crapshoot. I’m starting to think tarot cards would be a more reliable indicator.🔮

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2025-11-09 13:59