Overview
- Bitcoin briefly topped $105,000 before dropping under $102,000 during U.S. trading hours, extending a cautious, range‑bound stretch.
- U.S. spot Bitcoin ETFs logged about $520–$524 million of net inflows on Nov. 11, but roughly $2.8 billion flowed out over the past month, according to Bloomberg data.
- Long‑term holders have stepped up distribution to about 104,000 BTC per month, while on‑chain data show new whale cohorts realizing more than $1.3 billion in recent losses.
- Technical analysis highlights a falling wedge with a potential breakout if prices clear roughly $106,000–$107,000, though a sustained drop below $100,000 could open a deeper pullback.
- CoinDesk reports the Coinbase Premium has stayed negative since late October, reflecting weak U.S. bid as policymakers remain split on a December rate cut and the Senate’s shutdown‑ending bill advances toward a House vote.