Bitcoin ETF: $398.6M Net Outflow Nov 2
Farside Investors reported Bitcoin ETF flows for November 2 showing a total net outflow of $398.6 million led by IBIT at negative $405.3 million.
SourceAnalysis
Bitcoin ETF flows recorded a sharp $398.6 million net outflow on November 2 according to Farside Investors, driven almost entirely by IBIT at negative $405.3 million while FBTC posted a modest $6.7 million inflow and all other products stayed flat.
BTC trades at $76944.69 inside its Bollinger band with upper resistance at $78628.36 and lower support at $76645.04. The structure remains bearish as price sits below both the EMA50 at $78764.64 and EMA200 at $80964.17, while MACD at negative 503.08 confirms the death cross and RSI at 36.94 shows neutral momentum. With price testing upper Bollinger resistance while the broader trend stays compressed below the 50-EMA, a healthy retracement toward $76645 support appears probable before any sustained continuation attempt.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.