Overview
- Bitcoin briefly fell below $100,000 this week and is now trading in the ~$99,000–$103,000 range with elevated volatility.
- U.S. spot Bitcoin ETFs broke a six‑day outflow streak with roughly $240–$253 million of net inflows on Nov. 6, though recent sessions have mostly seen net redemptions.
- Futures shakeouts amplified the selloff, with about $560–$640 million in crypto long positions liquidated over 24 hours, according to market trackers including Coinglass.
- Traders are focused on the 50‑week and 365‑day moving averages near ~$102,000 and an unfilled CME gap at $92,000–$93,000 as pivotal levels.
- On‑chain data show a surge in “young” coin inflows to exchanges and continued long‑term holder distribution since July, while macro headwinds persist even as some see potential Fed liquidity support as a future tailwind.