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Which ETFs reported BTC flows?

This week, several funds reported Bitcoin flows, including IBIT, FBTC, GBTC, BTC (Grayscale), ARKB, BITB, HODL, BTCO, BRRR, EZBC, and BTCW.

  1. On November 14, there were net outflows of $869.9 million, mainly from BTC ($318.2M), IBIT ($256.6M), and FBTC ($119.9M). More details
  2. On November 12, net inflows totaled $524 million, led by IBIT ($224.2M), FBTC ($165.9M), and ARKB ($102.5M). More details

Deep Dive

1. Who Reported Flows

The main U.S. spot Bitcoin ETFs reporting flows this week include:

These funds are closely watched because their daily buying and selling activity reflects institutional interest in Bitcoin. Source summary

What this means: These ETFs are key indicators of how big investors are moving in and out of Bitcoin on a daily basis.

2. Largest Moves This Week

There was a big shift midweek:

What this means: While leadership among these funds can change, IBIT and FBTC usually have the biggest impact on daily flow numbers. Large moves from these two often set the tone for the day.

3. Context And Implications

The spike in outflows late in the week happened alongside a broader market move away from riskier assets. This suggests the ETF outflows were more about short-term caution than a major shift in Bitcoin’s outlook. Context

Other reports confirm that several funds showed negative flows that day, reflecting a cautious mood across the market. Cross-check

What this means: Watching these daily ETF flows can help you spot real changes in demand versus normal market noise. Look for several days in a row of inflows or outflows to identify momentum shifts.

Conclusion

This week’s Bitcoin flow data from the main U.S. spot ETFs showed IBIT and FBTC as the biggest movers, with GBTC/BTC and ARKB also playing important roles. The pattern of a strong inflow day followed by a record outflow highlights a volatile, event-driven market where trends are clearer when looking at multiple days rather than just one.


What could affect the price of BTC?

Bitcoin’s price is balancing between big-picture risks and key long-term opportunities.

  1. ETF Outflows – $2.3 billion left mid-November, showing cautious sentiment from big investors.
  2. Quantum Security Upgrade – Planned updates after 2025 could strengthen Bitcoin’s safety and trust.
  3. Global Money Supply Growth – Increasing cash worldwide might boost Bitcoin’s appeal as an inflation hedge.

Deep Dive

1. Institutional ETF Outflows (Bearish Signal)

What happened: In mid-November 2025, U.S. spot Bitcoin ETFs saw $2.3 billion in withdrawals, marking the second-largest monthly outflow ever. This followed a 28% price drop from Bitcoin’s October peak ($123K down to $91.8K). Many investors who bought near the top now hold 68% of Bitcoin supply at a loss, increasing the chance they might sell to cut losses (AMBCrypto).
What it means: Continued ETF outflows could add selling pressure, especially if fund managers sell Bitcoin to cover redemptions. However, extreme fear in the market (Fear & Greed Index at 17) often comes before price rebounds.

2. Quantum Computing Defense (Bullish Outlook)

What happened: A Bitcoin Improvement Proposal (BIP) suggests gradually upgrading Bitcoin’s security to resist future quantum computers by 2027–2030. Currently, over 25% of Bitcoin’s supply is at risk because some public keys are exposed (BitcoinMagazine).
What it means: Successfully upgrading Bitcoin’s defenses would boost confidence and attract long-term investors. But delays or technical problems could hurt trust in the network.

3. Global Money Supply Growth (Mixed Effects)

What happened: The global M2 money supply reached $142 trillion by mid-2025, mainly due to increased cash in the U.S. and China. Harvard Management Company invested $443 million in Bitcoin ETFs, betting on Bitcoin’s role as protection against inflation (CoinMarketCap).
What it means: More money in the system usually supports Bitcoin’s price, but if the economy faces stagflation (high inflation with slow growth), risk assets like Bitcoin might struggle. Analysts observe about a 12-week delay between money supply changes and Bitcoin price moves, suggesting potential gains in early 2026 if trends continue.

Conclusion

Bitcoin’s short-term direction depends on stabilizing ETF flows and how investors who bought recently behave. Meanwhile, upcoming quantum security upgrades and global liquidity trends could shape Bitcoin’s long-term cycles. Will miners moving $2 billion worth of BTC to Binance spark a sell-off or mark a bottom? Keep an eye on the $88K–$90K support level and Federal Reserve decisions on December 10.


What are people saying about BTC?

Conversations about Bitcoin swing between worries about price drops and strong long-term belief. Here’s what’s trending right now:

  1. $175K vs. $50K – Experts disagree on Bitcoin’s price targets for 2025-2027.
  2. ETF Outflows – Over $2.3 billion left ETFs in November, the biggest drop since 2024.
  3. Technical Battle – A “Death Cross” (a bearish signal) is approaching, but some see hopeful signs of a price rebound.
  4. Big Players’ Moves – MicroStrategy bought 4,000 more BTC; ETFs now hold 6% of all Bitcoin.

Deep Dive

1. @Burning_Forest: 2027 Price Floor Debate

"Bitcoin price prediction 2027 bottom $65,000… confidence and realism."
– @Burning_Forest (3.6K followers · 42.4K posts · July 25, 2025)
View original post
What this means: This is a cautious outlook suggesting Bitcoin might drop to $65,000 by 2027. It challenges the idea that Bitcoin’s limited supply will keep prices high in the short term but sees $65K as a worst-case scenario.

2. @cryptoWZRD_: $110.5K Support Watch

"BTC closed indecisively… US NFP print critical."
– @cryptoWZRD (105.6K followers · August 31, 2025)
[View original post](https://x.com/cryptoWZRD/status/1961954065417404513)
What this means: Bitcoin’s price is uncertain near $110,500. If it falls below this level, selling could speed up. However, upcoming U.S. employment data (NFP) might change the momentum.

3. @MohiniWealth: Institutions vs. Whales

"Active Buyers: BlackRock ETF inflows… Sellers: Grayscale redemptions."
– @MohiniWealth (165.6K followers · October 17, 2025)
View original post
What this means: There’s a tug-of-war between big investors. ETFs like BlackRock are buying Bitcoin, while large holders (“whales”) are selling through Grayscale. Overall, institutions are still accumulating Bitcoin, which is a positive sign.

Conclusion

The outlook on Bitcoin is mixed. On one side, there’s strong fear (Fear & Greed Index at 17), but on the other, institutions keep buying. Technical indicators warn of a possible drop below $90,000, but the $92,000–$95,000 range is now a key test for buyers. Keep an eye on BTC Dominance (58.85%) — if it falls below 55%, investors might shift to other cryptocurrencies (altcoins). If it stays steady, Bitcoin’s reputation as “digital gold” remains strong.

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What is the latest news about BTC?

Bitcoin is facing downward pressure as its price drops to a 7-month low, even as more big investors start to get involved. Here’s the latest update:

  1. Price Falls Below $92K Trigger $800M in Forced Sell-Offs (Nov 17, 2025) – Traders using borrowed money face heavy losses during a broad market selloff.
  2. Cboe Launches Regulated Bitcoin and Ether Futures (Nov 17, 2025) – New U.S.-approved contracts aim to make it easier for institutions to trade crypto.
  3. Experts Warn Bitcoin Could Drop Below $90K Soon (Nov 18, 2025) – Selling pressure from short-term holders and ETF withdrawals increase downside risks.

In-Depth Look

1. Price Falls Below $92K Trigger $800M in Forced Sell-Offs (November 17, 2025)

What happened:
Bitcoin’s price dropped to $91,800, the lowest since April 2025, wiping out all gains made this year. Over $800 million worth of leveraged trades—where traders borrow money to increase their bets—were forcibly closed in just one day. Ethereum and other major cryptocurrencies also saw big losses. Unlike past crashes caused by big economic events, this one seems driven by too much borrowing and weakening technical signals (Cryptopotato).

Why it matters:
This signals weakness in Bitcoin’s market structure. With a large amount of open trades ($787 billion) and extreme fear among investors (Fear & Greed Index at 17), the market is vulnerable to more forced sell-offs, which could push prices even lower.

2. Cboe Launches Regulated Bitcoin and Ether Futures (November 17, 2025)

What happened:
Cboe Global Markets introduced the first U.S.-regulated perpetual futures contracts for Bitcoin and Ether, set to start trading on December 15. These contracts trade almost around the clock and offer protections like central clearing and long 10-year expiration dates (CoinMarketCap).

Why it matters:
This development is generally positive for the crypto market over the long term because it makes crypto trading more accessible and trustworthy for traditional financial institutions. However, in the short term, the impact might be limited due to current cautious investor sentiment. The long contract terms could help institutions manage risk more effectively.

3. Experts Warn Bitcoin Could Drop Below $90K Soon (November 18, 2025)

What happened:
According to AMBCrypto, only 68% of Bitcoin holders are currently in profit—the lowest level since the 2023 bear market. With $2.3 billion flowing out of Bitcoin ETFs in November and many short-term holders facing losses, analysts expect more selling pressure soon (AMBCrypto).

Why it matters:
This is a bearish sign in the near term, as weaker investors may sell their holdings. Still, the current price drop of 23% from all-time highs is less severe than previous downturns (which ranged from 26% to 32%), suggesting that strong institutional buying could help limit further declines.

Conclusion

Bitcoin is currently caught in a tough spot with technical breakdowns, forced selling, and nervous investors. However, the launch of regulated futures contracts shows that the market’s infrastructure is maturing. With the Federal Reserve likely to keep interest rates steady in December, Bitcoin’s ability to hold support between $88,000 and $90,000 will be key. Watch for changes in ETF flows and price gaps around $91,970 for clues on where the market might head next.


What is expected in the development of BTC?

Bitcoin’s development is focused on improving scalability, encouraging institutional use, and working with regulators.

  1. Post-Quantum Multi-Signature Standard (2026) – A draft proposal to make Bitcoin transactions resistant to future quantum computer threats.
  2. Institutional Infrastructure Upgrades (Q4 2025) – New tools to help large financial institutions manage Bitcoin more efficiently.
  3. Bitcoin-Backed DeFi via sBTC (Q1 2026) – A way to use Bitcoin as collateral in decentralized finance without relying on trusted middlemen.
  4. South Korea Spot Bitcoin ETF Guidelines (Late 2025) – New rules to support institutional investment in Bitcoin through ETFs.

Deep Dive

1. Post-Quantum Multi-Signature Standard (2026)

Overview: A draft called OP_CIV is being developed to protect Bitcoin transactions against future quantum computers, which could potentially break current cryptographic security (Christine D. Kim). This update would change how Bitcoin scripts work to allow more flexible and secure cryptography.

What this means: This is good news for Bitcoin’s long-term security, helping to protect the network from future technological threats. However, updating Bitcoin’s core system is complex and could cause delays or compatibility issues.

2. Institutional Infrastructure Upgrades (Q4 2025)

Overview: On November 11, 2025, the Threshold Network released improved tools designed for big financial players to manage Bitcoin more easily. These tools include features like atomic swaps (instant exchanges between different cryptocurrencies) and compliance systems for large transactions (Threshold Network).

What this means: This could increase Bitcoin’s liquidity and attract more institutional investors. But if regulations or technical challenges slow adoption, the impact may be limited.

3. Bitcoin-Backed DeFi via sBTC (Q1 2026)

Overview: The Stacks project plans to launch sBTC in early 2026, which will let users use Bitcoin as collateral in decentralized finance (DeFi) applications without needing a trusted third party (CoinMarketCap). This could unlock around $300 billion worth of Bitcoin currently not being used for earning yields.

What this means: This development could make Bitcoin more useful and integrated into DeFi. However, it depends on smooth technical execution, as past Bitcoin upgrades have faced coordination challenges.

4. South Korea Spot Bitcoin ETF Guidelines (Late 2025)

Overview: South Korea’s Financial Services Commission plans to finalize rules for spot Bitcoin ETFs by the end of 2025, following similar progress in the U.S. where ETFs have attracted over $5 billion since April 2025 (CoinMarketCap).

What this means: This is positive for Bitcoin demand in Asia, encouraging more institutional investment. Delays could signal regulatory caution and affect market sentiment.

Conclusion

Bitcoin’s future involves balancing new technology like sBTC and quantum-resistant features with growing institutional use and clearer regulations. The big question is whether innovations like sBTC will spark a new wave of decentralized finance or if traditional finance will dominate Bitcoin’s growth. Keep an eye on ETF investments, miner and staker incentives, and advances in quantum computing for clues on where Bitcoin is headed.

{{technical_analysis_coin_candle_chart}}


What updates are there in the BTC code base?

Bitcoin Core 30.0 brings major updates including a big increase in data storage per transaction, important security fixes, and a heated discussion about limiting data storage to reduce risks.

  1. OP_RETURN Expansion (October 12, 2025) – The amount of data you can include in a single Bitcoin transaction jumped from 80 bytes to about 4 megabytes.
  2. Security Fixes (October 25, 2025) – Four minor security issues were fixed to keep the network stable and secure.
  3. RDTS Proposal Debate (November 13, 2025) – A proposed change to limit data size in transactions sparked concerns about censorship and could affect many past transactions.

In-Depth Look

1. OP_RETURN Expansion (October 12, 2025)

What happened: Bitcoin Core 30.0 removed the old 80-byte limit on OP_RETURN outputs, now allowing up to 4 MB of data per transaction. OP_RETURN is a way to store extra data on the Bitcoin blockchain. This change helps developers avoid complicated workarounds for storing data, like the popular Ordinals inscriptions.

This update matches the data limit to Bitcoin’s block size, opening doors for new uses such as proving when a document existed (timestamping) or creating decentralized digital identities. However, some worry this could make the blockchain larger and slower, and might expose node operators to legal issues if illegal data is stored.

Why it matters: This change gives developers more freedom to build new applications on Bitcoin. Users get more powerful tools, but miners can still choose to limit data sizes if they want. Overall, it’s a balanced move that could lead to innovation but also requires careful monitoring. (Source)

2. Security Fixes (October 25, 2025)

What happened: Bitcoin Core 30.0 fixed four low-risk security vulnerabilities. These included potential ways to slow down computers running Bitcoin nodes or fill up logs with unnecessary data. While these issues were not a big threat in practice, fixing them helps keep the network safe.

Some specific problems addressed were delays in validating unconfirmed transactions (CVE-2025-46598) and risks of running out of disk space due to invalid blocks (CVE-2025-54605). Node operators are encouraged to update to benefit from these improvements.

Why it matters: Regular security updates show that Bitcoin’s developers are actively maintaining the network’s health. This builds confidence that Bitcoin remains strong and reliable over time. (Source)

3. RDTS Proposal Debate (November 13, 2025)

What happened: The Reduced Data Temporary Softfork (RDTS) is a proposed change that would limit certain parts of Bitcoin transactions, like scriptPubKey and OP_RETURN data, to 83 bytes for one year. Supporters say this reduces legal risks for those running Bitcoin nodes. Critics argue it would invalidate about 54,000 past transactions and could disrupt complex transactions using Taproot, a recent Bitcoin upgrade.

This debate highlights the challenge of balancing Bitcoin’s goal of resisting censorship with practical concerns about network safety and legality.

Why it matters: If this proposal moves forward, it could cause short-term disagreements within the Bitcoin community. However, it also shows how Bitcoin’s governance relies on broad agreement before making big changes. (Source)

Conclusion

Bitcoin Core 30.0 shows ongoing progress in making Bitcoin more scalable, secure, and adaptable. The expanded OP_RETURN feature opens up new possibilities for developers, while discussions like the RDTS proposal remind us of the careful balance between innovation and maintaining Bitcoin’s core principles. Moving forward, developers will need to find ways to support new uses without compromising Bitcoin’s role as a secure and neutral financial system.


Why did the price of BTC fall?

Bitcoin (BTC) dropped 2.59% to $91,784 over the last 24 hours, continuing a 14% decline for the month. The main reasons behind this drop are:

  1. Liquidation cascade – More than $70 million in Bitcoin and Ethereum positions were liquidated, with $900 million liquidated across the crypto market.
  2. Technical breakdown – Bitcoin’s price fell below a key support level at $93,000, and technical indicators show it’s oversold.
  3. Extreme fear among investors – Large outflows from Bitcoin ETFs and panic on social media.

Deep Dive

1. Leverage Unwind & Liquidations (Negative Impact)

What happened: Over $70 million worth of Bitcoin and Ethereum positions were forcibly closed (liquidated) on November 17-18 as Bitcoin’s price dropped below $93,000 and Ethereum fell under $3,000. Overall, $900 million in crypto positions were liquidated in 24 hours, with $550 million of that being long positions (bets that prices would rise).

Why it matters:

What to watch:

2. Technical Support Failure (Negative Impact)

What happened: Bitcoin’s price broke below a key technical support level at $93,000, which is based on a common retracement level used by traders (called the Fibonacci 78.6% retracement). The Relative Strength Index (RSI), a tool that measures if an asset is overbought or oversold, is at 31, indicating Bitcoin is oversold but not yet at extreme levels.

Key numbers:

Why it matters:

3. Sentiment Collapse & ETF Outflows (Negative Impact)

What happened: The Fear & Greed Index, which measures market sentiment, dropped to “Extreme Fear” at 17 out of 100. Bitcoin’s share of social media conversations jumped to 36.4%, often a sign that a bounce could happen soon. However, large withdrawals from Bitcoin ETFs worsened the mood.

Key data:

Why it matters:

Conclusion

Bitcoin’s recent price drop is due to a combination of forced selling from leveraged traders, technical breakdowns of key support levels, and worsening sentiment among both institutional and retail investors. While the oversold conditions suggest a possible short-term rebound, Bitcoin needs to get back above $95,000 to stop the downward momentum.

Key level to watch: Can Bitcoin hold above the important $90,000 mark? If not, miners—who have a cost base around $88,000 after the recent halving—might start selling, which could push prices even lower.