Bitcoin ETFs: $122M Daily Outflow Reported

Bitcoin ETFs recorded a 1-day net outflow of 1,649 BTC worth $121.78 million on November 11, extending the 7-day total to 15,624 BTC or $1.15 billion, according to Lookonchain. Ethereum ETFs followed with an 11,512 ETH daily outflow valued at $23.65 million and a 7-day figure of 127,828 ETH or $262.66 million.

BTC trades at $73,900 inside its Bollinger Bands with the upper resistance at $76,301 and lower support at $72,885. The price remains below both the EMA50 at $75,786 and EMA200 at $79,326, locking in the bearish trend structure, while the MACD at -646.11 has printed a golden cross that could support a short-term bounce toward the upper band before any deeper test of the lower band.