Bitcoin rebounded above $78,000 after hitting a six-week low, even as U.S. spot Bitcoin ETFs recorded $1.16 billion in withdrawals over three trading sessions. Daily outflows fell from $643.2 million on October 30 to $115.6 million on November 3, while Bitcoin reached $78,500 amid a broader recovery in U.S. stock futures. BlackRock’s IBIT led Tuesday’s outflows with $95 million, followed by Grayscale’s Bitcoin Mini Trust with $52.6 million, although Bitwise, Fidelity and Morgan Stanley funds attracted new capital. Bitcoin is now focused on the $79,500-$80,000 resistance zone, with a sustained rise requiring renewed institutional demand rather than another short-lived relief rally.
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