Bitcoin Supply in Profit Falls to 60.6% as Futures Interest Slips

Bitcoin’s share of supply in profit fell to 60.6% in the week through Nov. 8, while futures open interest declined and U.S. spot Bitcoin ETFs recorded net outflows during the Nov. 2-6 trading week.

The share was down from 62.9% seven days earlier. Investors who bought Bitcoin within the previous 155 days, known as short-term holders, had a small unrealized loss on Nov. 8. A Nov. 4 reading showed most coins held by that group below their purchase prices.

U.S. spot Bitcoin ETFs recorded $1.28 billion in net outflows from Nov. 2-6. Bitcoin futures open interest stood at $37.0 billion, down from $37.4 billion a week earlier.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].