US Spot Bitcoin ETFs Pull in Nearly $1B for a Third Straight Week
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
Negative sentiment continues to dominate the crypto market. Fear, FUD, and persistent sell-offs are shaping the overall trading backdrop, while Bitcoin—the largest cryptocurrency—has retreated sharply from its highs. Compared with its all-time peak near $126,000, BTC has lost around 28.8% of its value, as macroeconomic uncertainty continues to weigh heavily on risk assets.
Bitcoin Price Forecast: Could a Carry Trade Unwind Trigger Another Major Drop?
Since the end of last month, the BTC/USD pair has been trading mostly within a sideways range of 93,750.00–87,500.00 (Murray level [3/8]–Murray level [2/8]). Last week, prices reached the upper boundary of this range amid monetary policy easing by the U.S. Federal Reserve.
Since mid-September, investors have withdrawn Bitcoin worth around $17 billion from cryptocurrency exchanges. What does this mean for the BTC rate?
The Bitcoin price is holding near $90,700 today, down about 0.2% over the past 24 hours. Ethereum (ETH/USD) trades around $3,190 (+0.1%), while XRP has edged up to $2.04, gaining roughly 0.25%.
Last week, the BTC/USD pair showed mixed price action, spending most of its time trading within the 93,750.00–87,500.00 range (Murray level [3/8], Fibonacci 61.8% correction – Murray level [2/8]).
The Bitcoin market is flashing warning signals once again. According to data from FORECK.INFO, on-chain metrics point to mounting selling pressure and clear parallels with the 2022 bear phase.
Bitcoin is barely holding the $92,000 level, as both macroeconomic pressures and industry-specific developments weigh on the market.
November turned out to be a tough month for the crypto market. However, analysts at crypto exchange Coinbase see reasons for cautious optimism. What should traders focus on now to avoid missing a potential bottom?
Bitcoin forecast: “We believe new all-time highs next year are entirely possible”
Last week, BTC/USD attempted an upside correction within the broader medium-term downtrend: the price reversed near 80,600.00 and climbed toward 91,000.00 as markets increased bets on a December Fed rate cut, following dovish comments from officials, softer wholesale inflation (from 2.9% to 2.6%), and a slowdown in retail sales from 0.6% to 0.2%. According to the CME Group FedWatch Tool, the probability of monetary easing by year-end jumped from 30.0% to 87.0%, providing support to dollar-alternative assets.
The recent Bitcoin correction has thrown many investors into panic. Here’s what really caused the crypto crash – and why the BTC price could still fall further.