Price broke above $100K resistance, making new ATH (all-time-highs) at $108K, where it got rejected again. Price had a bearish breakout from Sideways Channel, below $90K support and appears likely to fill the gap between $75K and $90K which was created on Nov 10-11. Near-term, it appears very oversold with RSI dipping below 25! Hence, we could see it bounce up near-term.
BlackRock sees historic $1.1 billion inflow as spot Bitcoin ETFs have best day ever
Spot Bitcoin ETFs set new record with $1.36 billion combined daily inflow. BlackRock’s IBIT recorded a historic inflow of $1.12 billion on Nov. 7, surpassing previous combined totals for all spot Bitcoin exchange-traded funds. This significant capital movement marks the largest single-day inflow in the history of spot Bitcoin ETFs.
Bitcoin ETF inflows (Source: Coinglass) Other major asset managers also reported notable inflows. Fidelity’s FBTC received $190.9 million, while Bitwise’s BITB increased by $13.4 million. Ark’s ARKB gained $17.6 million on the same day, according to data compiled on Nov. 7. The combined inflow hit $1.37 billion, marking the best day in spot Bitcoin ETF history since they launched in January. These inflows coincide with Bitcoin breaking the all-time high several times to a peak of $76,900, breaking previous records twice since the US presidential election on Nov. 5. The surge in Bitcoin’s price and ETF inflows suggests increased institutional interest following the election results. The ETF’s unprecedented inflow outpaced the previous combined total for all similar funds, signaling a potential shift in institutional investment strategies following Trump’s win.
Crypto market saw $230 million in liquidations as Bitcoin fell below $70k
Binance's $104 million leads exchange liquidations as Bitcoin dips. According to Coinglass, over $230 million in crypto positions were liquidated in the past 24 hours, affecting 102,073 traders. The largest single liquidation occurred on OKX, valued at $5.26 million. Bitcoin led the liquidation figures with $51.25 million, followed by Ethereum at $30.44 million. Dogecoin and Solana saw liquidations of $13.94 million and $11.25 million, respectively. Binance recorded the highest exchange liquidations at $104.13 million, with OKX and Bybit at $66.12 million and $43.37 million. Over the past day, liquidity was split between $144.53 million in long positions and $86.06 million in short positions.
Market liquidations (Source: Coinglass) According to CryptoSlate data, the crypto market capitalization stands at $2.25 trillion. Bitcoin’s dominance is at 60.4%, trading at $68,886—6% below its all-time high of $73,686.93. The asset experienced a 0.6% increase over the past 24 hours, with a trading volume of $34.98 billion. (via cryptoSlate)