Overview
- Bitcoin trades around $101,000–$103,000 after dipping below six figures twice this week as sentiment slides back into extreme fear.
- U.S. spot Bitcoin ETFs logged about $240 million in net inflows on Nov. 6, breaking a six‑day outflow streak, though recent weeks were largely negative; spot Ether ETFs also saw a modest $12.5 million inflow.
- Price is testing the 50‑week and 365‑day moving averages near $101,000–$102,000, with technicians flagging a potential draw toward the CME futures gap around $92,000 if support gives way.
- Derivatives stress remains elevated, with recent 24‑hour liquidations reported near $562–$587 million and an earlier $640 million long wipeout as options dealers hedge around the $100,000 strike.
- On‑chain data shows a surge of short‑term ‘young’ coin inflows to Binance of roughly $26 billion in October and rising exchange reserves, while analyses diverge on long‑term holders, including reports of about 300,000 BTC distributed since July.