U.S. spot Bitcoin ETFs recorded net outflows of $1.44 billion between November 5 and November 11. BlackRock’s iShares Bitcoin Trust accounted for three-quarters of the withdrawals, including $269.7 million on November 11, while Morgan Stanley’s Bitcoin ETF attracted $9 million. Bitcoin, which briefly surpassed $80,000 on November 4, was trading near $73,500 and struggling to reclaim $75,000. Glassnode said the asset had fallen below the $75,600 short-term holder cost basis as the stablecoin supply continued to shrink. The $75,600 threshold is now critical: reclaiming it could point to a return of spot demand, while a break below $72,000 could expose Bitcoin to another test of $70,000.
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