$1.44 Billion Leaves Bitcoin ETFs in Five Straight Sessions

US spot Bitcoin ETFs lost $299.9 million on November 11, a fifth consecutive trading session of net outflows, with BlackRock's IBIT alone taking $269.73 million. The single fund accounted for nearly 90% of the day's exit, and the run that began November 5 has now pulled roughly $1.44 billion from the products, per SoSoValue and Trader T flow data.

• The news: US spot Bitcoin ETFs logged a fifth straight session of net outflows on November 11, 2026, about $299.9 million for the day.
• The figure: BlackRock's IBIT led with $269.73 million of that total, and the five sessions since November 5 have removed roughly $1.44 billion.
• What's next: The October Producer Price Index is due November 13 at 8:30 a.m. ET, the next macro print before the Federal Open Market Committee meets on December 8-9.

IBIT Carries Nearly 90% of the Day's Exit

Grayscale's GBTC posted $39.13 million in net outflows on the same day. Morgan Stanley's MSBT drew $8.96 million and was the only fund to record net inflows. Across the whole category, holdings total about 1.25 million BTC, worth roughly $93.7 billion in net assets, about 6.24% of Bitcoin's market capitalization. Cumulative net inflows still sit at $55.1 billion.

The longer arc is where the streak starts to bite. US spot Bitcoin ETFs' 2026 year-to-date flows turned negative at about $914 million after the week ending November 7, the largest weekly withdrawal since late June 2026, and the first time the category has run net negative for a year since the products launched in January 2024. IBIT holds roughly 62% of total US spot Bitcoin ETF holdings and has collected about $64.8 billion in cumulative net inflows since launch.

Ether ETFs Match the Streak, Fund for Fund

Ethereum products have tracked the same path. US spot Ethereum ETFs recorded another $144.81 million in withdrawals on November 11, with BlackRock's ETHA accounting for $129.78 million of it. That is a fifth consecutive session of outflows, leaving the group's cumulative net inflows at $11.59 billion and combined assets at about $11.65 billion.

Ether traded at $2,037.25 at 6:30 a.m. Eastern on November 12, down $17.57 from the prior day, 19.90% below its level a month earlier at $2,543.67 and 40.32% below a year earlier at $3,413.97. CoinGlass historical data shows it touched $2,005.40 on November 10 before recovering toward $2,055. The token's market cap sits near $233 billion, behind Bitcoin's $1.33 trillion and ahead of Tether's near $183 billion.

BitMine, one of the largest corporate Ether holders, disclosed a $6.3 billion net loss for the fiscal year ending August 2026, driven mainly by Ether's drop from above $4,000 to around $2,000, while holding 6.07 million ETH.

Bitcoin Holds the $73,000-$74,000 Band at an RSI of 34.37

Bitcoin traded near $73,573 on November 12, down about 8.3% over the previous seven days, with its relative strength index at 34.37 and the price below both its 20-day and 200-day exponential moving averages. It is testing the lower end of a $74,000-$76,000 support zone that had held for weeks. Bitcoin's share of the total crypto market is rising and testing 60.5% to 61%, a ceiling that has held for about a year.

The derivatives side is not signalling a washout. Outstanding Bitcoin futures positions total about $50.9 billion, down nearly 2.8% over 24 hours, with funding rates positive at roughly 0.008% per eight hours. A November 11 Bitfinex analysis put futures open interest at about 701,900 BTC, its highest since September 22, even as price fell. CoinGlass data shows about $63 million in Bitcoin futures liquidations over 24 hours, split into roughly $25 million in longs and $38 million in shorts.

What Would Confirm or Break the Range

The bearish case, as Crypto World's Josh laid it out, is a daily close below $73,000 to $74,000 that fails to reclaim the level. That would open $65,000 to $67,000 as the next target, with a large cluster of liquidation orders sitting near $65,000 to $66,000. A hold of the $74,000-$76,000 zone, and a rejection of the 60.5% to 61% dominance ceiling, would point the other way.

The Macro Print Under the Outflows

The exit is running against a harder rate backdrop. October US consumer prices rose 0.4% month over month, above the 0.3% economists expected, while core CPI climbed 0.3% against a 0.2% forecast. The BLS release notes that October 2025 data values are not available because of the 2025 lapse in appropriations.

Stronger-than-expected US employment data and renewed expectations of tighter Federal Reserve policy have reduced appetite for speculative assets, and Bitcoin has now logged five consecutive weeks of declines. The CPI day itself forced about $258.85 million in Ether closures, 74.1% of them long, and about $203.63 million in Bitcoin, skewed 86.2% long.

The next scheduled test is the October Producer Price Index on November 13 at 8:30 a.m. ET, per the BLS calendar. The Federal Open Market Committee next meets on December 8-9. Until flows turn, two levels decide the tape: whether IBIT stops bleeding, and whether Bitcoin holds $73,000 to $74,000 on a daily close.