Bitcoin ETFs extended their losing run on November 10, posting another day of net outflows as the BTC price struggled to hold above $74,000.
Data from SoSoValue shows Bitcoin ETFs lost $95 million on the day. Over those four sessions, outflows from Bitcoin ETFs add up to roughly $1.14 billion, and the selling pressure has followed the price of Bitcoin lower.
Bitcoin ETFs Extend Outflows as BTC Price Faces Pressure
The current streak began on November 5, when Bitcoin ETFs recorded $430.20 million in net outflows. Another $411.92 million left the following day, then $201.08 million on November 9 and $95 million on November 10.
The weekly picture looks heavier. Bitcoin ETFs lost $1.28 billion in the week ending November 6, after $202.59 million in outflows the week before. The current week has already seen $296.08 million leave the funds.
Since November 2, net withdrawals from Bitcoin ETFs total about $1.58 billion. Only November 4 broke the pattern, with a modest $74.57 million inflow.
BTC ETFs Record $95M Outflow as Four-Day Streak Deepens
The November 10 outflow was the smallest of the four sessions, and trading activity picked up. Total value traded across Bitcoin ETFs reached $2.06 billion, up from $1.73 billion a day earlier.
Total net assets fell to $92.82 billion, compared with $102.26 billion on November 4. Part of that drop comes from fund redemptions and part from the falling price of Bitcoin.
Ether funds are moving the same way. Spot Ethereum ETFs saw $1.32 million in net outflows on November 10, also their fourth straight day of withdrawals. That figure is small, but it followed a $184.51 million outflow on November 9.
Ethereum ETF net assets now stand at $11.64 billion, down from $14.12 billion on November 4. Cumulative net inflows for Ether products have eased to $11.74 billion from $12.15 billion as of November 2.
Outflows From Bitcoin ETFs Raise Fresh Questions Over BTC Price
On the 1-hour chart, BTC price is trading near $74,266 after bouncing from a recent low around $72,727.
The bounce offers some relief for bulls, yet the overall structure still leans bearish to neutral. BTC fell from the $81,900 area and has printed lower highs since the November 5 and 6 sell-off.
Immediate support sits between $73,000 and $72,700, with the recent swing low at $72,727. A clean break below that zone would open the door to $72,000 and possibly another leg lower.
On the upside, BTC faces resistance at $74,500 to $75,000, then a stronger barrier between $75,500 and $76,000 where price consolidated earlier. If buyers clear $76,000, the next target is $77,000 to $77,500.
The indicators are mixed. RSI sits around 51, which is neutral. It has climbed out of oversold territory but has not reached the 60 level that would point to real buying strength.
MACD has turned slightly positive and the histogram is improving, though the signal is weak and needs confirmation from a move above resistance.
Bitcoin Struggles as ETF Outflows Reach Fourth Straight Day
Trading volume rose during the drop toward $72,727, while the recovery has come on lighter volume. That gap suggests a bounce with little conviction behind it.
Open interest stayed high throughout much of the move but has begun to ease, suggesting traders are closing positions rather than piling into new futures bets.
The level to watch is $75,000. A 1-hour close above $75,000 to $75,500, followed by a break of $76,000, would strengthen the recovery and could carry the price of Bitcoin toward $77,000 to $77,500.
If BTC fails at $75,000 and slides back below $73,500, sellers would be back in control, with $72,700 the next test.
A third path is a sideways range between roughly $72,700 and $75,500 while indicators stay mixed.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and exchange-traded products carry market risks. Technical levels and historical fund flows do not guarantee future performance.
Vignesh Karunanidhi is a seasoned crypto journalist and content editor with 7 years of experience in the crypto and Web3 space. Throughout his career, he has worked with leading platforms such as Watcher.Guru, Milk Road, BeInCrypto, Captain Altcoin, and Coin Edition, producing over 10,000 news articles, blogs, and guides on cryptocurrency.
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