According to @glassnode, BTC has broken below key on-chain cost-basis levels amid weak spot demand and steady ETF outflows, underscoring pressure from net redemptions in spot markets. Source: Glassnode Week On-Chain glassno.de/4icg0M7 and Glassnode tweet dated Nov 19, 2025. Derivatives activity remains muted, with declining open interest, cycle-low funding rates, and options flows skewed toward downside protection, pointing to a defensive market structure rather than leveraged risk-on positioning. Source: Glassnode Week On-Chain glassno.de/4icg0M7 and Glassnode tweet dated Nov 19, 2025. For trading, monitoring ETF flow trends, open interest, funding rates, and put skew can help align risk exposure with current market conditions until spot demand stabilizes. Source: Glassnode Week On-Chain glassno.de/4icg0M7 and Glassnode tweet dated Nov 19, 2025.

According to @FarsideUK, ARK’s US Bitcoin ETF recorded a net outflow of $29.7 million on Nov 18, 2025. According to @FarsideUK and the Farside Investors Bitcoin ETF Daily Flow tracker, the reported figure reflects net redemptions exceeding creations for the day across US spot Bitcoin ETFs. According to @FarsideUK, the full dataset and disclaimers are available on the Farside Bitcoin ETF flow dashboard for verification.

According to @GracyBitget, post-Oct 11 risk cuts by major market makers have thinned order books, producing liquidity vacuum behavior where small sell orders pierce multiple levels, low volume drives outsized price swings, and BTC has broken both the 200-day and 360-day moving averages with RSI near 33 and no reversal signal, indicating a liquidity-driven correction rather than a cycle top; key recovery signal is a reclaim of $102K–$103K around the MA360 zone, source: @GracyBitget. She emphasizes BTC is trading on US domestic dollar liquidity: ongoing Fed QT, elevated Treasury yields, collapsed December rate-cut expectations, and constrained TGA flows are tightening conditions and suppressing risk appetite in high-beta assets, weighing on BTC’s ability to sustain rallies, source: @GracyBitget. Capital flow signals show continuous spot BTC ETF outflows with daily peaks of $800M–$900M, a clean gauge of US institutional risk appetite pointing to caution, while Korean retail capital has rotated toward AI and semiconductor equities with Upbit volumes down 80% YoY, BTC/KRW activity subdued, and KOSPI up over 70% YTD as retail forums shift focus, source: @GracyBitget. Microstructure dynamics align with Fundstrat’s point that market-maker balance-sheet holes create shallow order books and amplify price impact, reinforcing the current volatility regime, source: Fundstrat via @GracyBitget. Trading takeaways: this is a deep liquidity-driven correction with muted volume and "no-bid" tape rather than heavy sell pressure; risk control and low leverage are prioritized until US liquidity expands, with technicals secondary to a confirmed liquidity shift, source: @GracyBitget.

According to the source, BTC dropped below $100,000 during the latest session as spot prices weakened across risk assets (source: Coinbase BTC-USD price feed). The move is attributed to a stronger U.S. dollar as the ICE U.S. Dollar Index advanced, tightening financial conditions from higher U.S. Treasury yields, net outflows from U.S. spot Bitcoin ETFs, and elevated long-side liquidations alongside funding turning negative and futures basis compression (sources: ICE Data Indices for DXY; U.S. Department of the Treasury daily yield curve; Farside Investors ETF flow tracker; Coinglass liquidations dashboard; CME Group futures data). For trading, participants are focusing on daily ETF flow direction, USD strength versus risk sentiment, and derivatives positioning to gauge continuation or mean-reversion risk (sources: Farside Investors; ICE Data Indices; Coinglass; CME Group).

According to @FarsideUK, Grayscale’s Ethereum ETF (ETHE) recorded a US$67.9 million net outflow in the latest daily update on Nov 13, 2025 (source: Farside Investors). According to @FarsideUK, the negative figure denotes a net redemption day for ETHE based on their reported daily flow metric (source: Farside Investors). According to @FarsideUK, the full dataset and methodology disclaimers are available on the Farside ETH ETF tracker for verification and trend analysis (source: Farside Investors).

According to @FarsideUK, BlackRock’s Ethereum ETF recorded a net outflow of 91 million US dollars on Nov 13, 2025, based on Farside Investors’ Ethereum ETF flow dashboard (source: farside.co.uk/eth/ and @FarsideUK post). The update specifies USD-denominated daily flows and directs users to Farside’s page for the full dataset and disclaimers (source: farside.co.uk/eth/ and @FarsideUK post).

According to @glassnode, Bitcoin (BTC) is consolidating above 100,000 USD with support near 100,000 and resistance around 106,000, defining a tight trading range for now; source: Glassnode on X 2025-11-12 https://twitter.com/glassnode/status/1988644487011487972 and Week On-Chain https://glassno.de/47BhQCy. @glassnode reports ETF outflows, low leverage, and elevated put demand, indicating a cautious market still searching for conviction; source: Glassnode on X 2025-11-12 https://twitter.com/glassnode/status/1988644487011487972 and Week On-Chain https://glassno.de/47BhQCy.

According to @EricBalchunas on Nov 11, 2025, about $2.7 billion has come out of bitcoin ETFs in the past month, equal to roughly 1.5% of total assets, leaving approximately 98.5% of AUM still invested, citing a new chart by @JSeyff that illustrates a two-steps-forward-one-step-back flow pattern (source: @EricBalchunas; @JSeyff).

According to Farside Investors, U.S. spot Bitcoin ETFs posted total net outflows of $558.4 million on 2025-11-07, led by FBTC at -$256.7M, ARKB at -$144.2M, IBIT at -$131.4M, GBTC at -$15.4M, and BITB at -$10.7M, while BTCO, EZBC, BRRR, HODL, and BTCW reported zero flows, with dataset available at farside.co.uk/btc, source: Farside Investors. Based on the same dataset, FBTC accounted for approximately 46 percent of the day’s net outflows, ARKB about 26 percent, and IBIT about 24 percent, indicating the concentration of redemptions among the largest vehicles by assets, source: Farside Investors. In cash-based ETF creation and redemption structures used by some U.S. spot Bitcoin ETFs, net outflows can require authorized participants or the fund to sell underlying BTC to meet cash redemptions, which mechanically channels flow pressure into the spot market’s liquidity during U.S. trading hours, source: U.S. SEC Investor Bulletin on ETFs; BlackRock iShares Bitcoin Trust prospectus; Fidelity Wise Origin Bitcoin Fund prospectus.

According to @FarsideUK, Fidelity’s US spot Bitcoin ETF recorded a daily net outflow of 256.7 million USD on Nov 8, 2025, based on the firm’s Bitcoin ETF flow tracker at farside.co.uk/btc; source: Farside Investors. Traders monitoring BTC liquidity and sentiment can reference this outflow figure directly from Farside’s reported daily flows; source: Farside Investors.

According to @FarsideUK, Bitwise's Bitcoin ETF recorded a daily flow of -$10.7 million, source: @FarsideUK tweet on Nov 8, 2025 https://twitter.com/FarsideUK/status/1986960612279091603 and Farside US Bitcoin ETF flow tracker https://farside.co.uk/btc. According to @FarsideUK, 10% of profits from this Bitwise product are allocated to Bitcoin developers, source: @FarsideUK tweet and https://farside.co.uk/btc. For complete data and disclaimers, see Farside's dashboard, source: https://farside.co.uk/btc.

According to @FarsideUK, Grayscale’s ETHE recorded a US$3.5 million net outflow in the latest daily Ethereum ETF flow update, as posted on their dashboard at farside.co.uk/eth and via their tweet at twitter.com/FarsideUK/status/1986574059497312622. According to Farside Investors’ ETH ETF dashboard, negative flow figures denote net redemptions from the fund, reflecting money leaving ETHE (source: farside.co.uk/eth). According to the same Farside dataset, the dashboard consolidates daily creations/redemptions and cumulative totals for US Ethereum ETFs, providing a direct read on fund flows that traders track for ETH exposure (source: farside.co.uk/eth). According to Farside Investors, ongoing data and methodological notes, including disclaimers, are available on their ETH page, enabling traders to monitor whether outflows persist or reverse (source: farside.co.uk/eth).

According to Farside Investors, the Bitcoin ETF Daily Flow for the Grayscale Bitcoin ETF was $0 million on Nov 6, 2025, per the firm's ETF flow dashboard (source: Farside Investors). According to Farside Investors, a $0 million reading indicates the Grayscale Bitcoin ETF recorded no reported daily flow in U.S. dollars for the session (source: Farside Investors). According to Farside Investors, full data and methodology are available on the firm's Bitcoin ETF flows page used by market participants for tracking ETF-driven activity (source: Farside Investors).

According to the source, Bitcoin and Ethereum ETFs shed $2.6 billion in assets over the past week, indicating a notable weekly decline in ETF-held exposure to BTC and ETH, source: the shared tweet. For trading, this headline-level drawdown is a flow signal that warrants close monitoring of ETF creations and redemptions alongside intraday price action during US market hours, source: the shared tweet.

According to Farside Investors, Grayscale’s Ethereum ETF (ETHE) recorded a -$15 million net daily flow on Nov 4, 2025, based on its Ethereum ETF flow tracker and X update, source: Farside Investors farside.co.uk/eth and twitter.com/FarsideUK/status/1985512101528371377. According to Farside Investors, this figure reflects the day’s net creations or redemptions for ETHE and is part of its published dataset for monitoring Ethereum ETF demand, source: Farside Investors farside.co.uk/eth.

According to Farside Investors, US spot Bitcoin ETF weekly net flow totaled -$799 million, reflecting net redemptions across the suite (source: Farside Investors, farside.co.uk/btc, Nov 1, 2025). According to Farside Investors, the largest outflows were IBIT -$403.4m, FBTC -$155.9m, BITB -$79m, ARKB -$76.5m, and GBTC -$68.1m (source: Farside Investors, farside.co.uk/btc). According to Farside Investors, smaller moves included BTCO -$8m and HODL -$3.8m, while EZBC, BRRR, and BTCW recorded 0 net flow for the week (source: Farside Investors, farside.co.uk/btc).

According to @FarsideUK, Grayscale ETHE posted a daily net outflow of $13.7 million in the latest Ethereum ETF flows update, source: Farside Investors. This negative daily flow confirms net redemptions for ETHE as tracked on Farside Investors’ Ethereum ETF flow dataset, source: Farside Investors.

According to @FarsideUK, Ethereum ETF total net flow on 2025-10-31 was -72.4 million USD, indicating a daily net outflow sourced from farside.co.uk/eth. According to @FarsideUK, fund-level flows were ETHA -38.6M, FETH -27.1M, ETHW -6.7M, and ETHV 0, while TETH, QETH, EZET, ETHE, and ETH were not stated in the post, with data referenced at farside.co.uk/eth. According to @FarsideUK, the full dataset and disclaimers are available at farside.co.uk/eth.

According to @FarsideUK, BlackRock’s US spot Bitcoin ETF registered a daily net outflow of $290.9 million on Oct 31, 2025, based on Farside’s Bitcoin ETF Daily Flow tracker (source: Farside Investors post on X dated Oct 31, 2025; Farside Bitcoin ETF Flow Tracker at farside.co.uk/btc). Traders should factor this issuer-level outflow into the broader US Bitcoin ETF flow picture and review the full dashboard for cumulative and comparative flows before making decisions (source: Farside Bitcoin ETF Flow Tracker at farside.co.uk/btc).

According to @FarsideUK, US spot Ethereum ETF net flow on 2025-10-30 was -$184.2 million, with fund-level moves of ETHA -$118.0M, FETH -$18.5M, ETHW -$31.1M, TETH -$3.2M, ETHV -$2.7M, QETH -$2.0M, EZET -$4.2M, ETHE $0.0M, and ETH -$4.5M, source: @FarsideUK. The outflows were broad-based with no positive inflows, and ETHA plus ETHW accounted for roughly 81% of the day’s net redemptions based on the reported figures, source: @FarsideUK.