Bitcoin Tests $100,000 Support as ETF Flows Flip and Risk Appetite Wanes

Overview

• U.S. spot bitcoin ETFs logged a $239.9 million net inflow on Nov. 7, breaking a six‑session outflow streak, with BlackRock’s IBIT, Fidelity’s FBTC and Ark’s ARKB leading purchases.
• Bitcoin traded near $100,600 in late Friday data and is down about 8.8% over seven days, while ether fell roughly 15.5% in the same period as major altcoins underperformed.
• Analysts flag a weakening $98,000–$100,000 support zone and note the 50‑week moving average near $103,000, with some projecting downside toward $95,000–$93,000 if selling persists.
• Macro uncertainty intensified as the U.S. government shutdown reached day 38 and official data remained scarce, with softer labor signals pressuring risk assets and the dollar index slipping.
• Brazil’s Ibovespa hovered near record territory around 154,000 points this week on sustained foreign inflows and high real rates, even as global tech shares and U.S. benchmarks showed fragile sentiment.