Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four

According to CoinDesk, Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings beat. U.S. spot Bitcoin ETFs extended their withdrawal streak to a fourth consecutive day, with net outflows of $95 million recorded on November 10, per SoSoValue data cited by CoinDesk.

Status: Developing. ETF-flow figures are reported by CoinDesk, citing SoSoValue.

Bitcoin lags as stock markets rebound

The divergence between Bitcoin and equities sharpened on Tuesday. The broader November price pressure on Bitcoin continued even as technology stocks caught a bid, underscoring that the two asset classes are not trading in lockstep right now. Bitcoin’s seven-day decline stood at 5.76% per CoinGecko data, adding to the contrast. For related coverage, see Tether Freezes $4.5M USDT Tied to Mercado Bitcoin Breach.

Why the cross-market divergence matters

Bitcoin and equities were not moving in lockstep at the time, though the divergence alone does not establish its cause. The Fear & Greed Index sat at 29 out of 100, firmly in “Fear” territory. ETF-flow data are one additional indicator traders may consider. Context on this theme: Meteora Review 2026: Solana's Liquidity Layer, From DLMM Bins to the LIBRA Lawsuit.

Four straight days of Bitcoin ETF outflows

TokenPost reported $95 million in net outflows for U.S. spot Bitcoin ETFs on November 10, marking the fourth consecutive session of net redemptions. Through November 10, total monthly outflows reached approximately $1.6 billion, according to FXStreet, against a cumulative inflow base of $55.40 billion since inception.

According to TokenPost’s fund-by-fund breakdown, BlackRock’s IBIT dominated that day’s redemptions, logging $78.24 million in outflows, its eighth straight session of net redemptions. Fidelity’s FBTC added another $36.79 million in outflows on the same day. The notable outlier was Morgan Stanley’s MSBT, the only fund among 12 U.S. spot Bitcoin ETFs to record net inflows on November 10, pulling in $20.03 million.

What ETF flows signal about investor demand

Consecutive outflow days are one measure of institutional demand, though flows are one input among many. The macro backdrop is adding pressure: Fed rate hike odds for the December 8-9 FOMC meeting rose to roughly 90% after October CPI came in at 0.4%, above forecast, per CoinDesk. Higher-for-longer rate expectations tend to weigh on risk assets including crypto. The broader regulatory environment around crypto derivatives remains a parallel consideration for institutional allocators.

What Bitcoin traders will watch next

Whether ETF flows stabilize or reverse

The immediate signal to watch is whether the four-day outflow streak breaks. Total Bitcoin ETF net assets stood at $92.82 billion as of November 10, per TokenPost’s fund-by-fund breakdown. A stabilization in IBIT flows, given the fund’s outsized share of the daily redemption figure, would be a development traders may watch alongside other indicators.

Whether Bitcoin reconnects with broader risk-market moves

CoinDesk reported that crypto futures liquidations surged 288% to $725 million in the 24 hours leading into November 11, with 85% of Bitcoin liquidations hitting long positions. CoinDesk also reported Ether liquidations reached $253 million in the same window, disproportionately large relative to Ether’s open interest compared to Bitcoin. Those liquidation figures, combined with the key price levels traders are monitoring in November, may be among the factors traders watch as the current dislocation from equities narrows or widens. Market conditions can shift quickly; the FOMC meeting on December 8-9 is the next hard macro catalyst on the calendar.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.