Telegram (AI) YouTube Facebook X
Ру
Bitcoin falls below $100,000

Bitcoin falls below $100,000

Spot BTC ETFs recorded inflows for the first time in eight days

On November 7 the price of the largest cryptocurrency slipped below the psychological $100,000 level — to about $99,900.

image
Hourly chart of BTC/USDT on Binance. Source: TradingView.

Over the past day bitcoin fell 2.9%, and 8.9% over the week. At the time of writing it trades at $100,110.

According to trader Ardi, after losing $100,000 the next key support sits at $98,000.

Earlier, CryptoQuant contributors from XWIN Research noted a local bottom for digital gold around $100,000, citing the MVRV indicator. They named $99,000–$101,000 as the reference range.

Ethereum’s price has fallen 4.6% over the past day and 15.7% over seven days. At the time of writing, the second‑largest cryptocurrency trades around $3,200.

image
Hourly chart of ETH/USDT on Binance. Source: TradingView.

Almost all top‑10 cryptocurrencies by market capitalisation declined. The exception was the memecoin Dogecoin, up 0.3%.

image
Source: CoinGecko.

Amid the correction, $76.8 million in positions were liquidated over the past hour. The 24‑hour tally reached $674.3 million.

image
Source: CoinGlass.

The crypto fear and greed index stands at 24 — an “extreme fear” zone.

image
Source: Alternative.me.

ETF inflows resume

Bitcoin’s price is falling despite the return of inflows into funds based on the asset. In the latest session, spot BTC-ETF took in $240 million after six days of outflows.

image
Flows into and out of spot bitcoin ETFs. Source: SoSoValue.

The bulk went to BlackRock’s IBIT — $112 million. Also “in the plus” were FBTC from Fidelity ($61 million) and ARKB from Ark & 21 Shares ($60 million).

Ethereum‑focused products received $12 million. BlackRock’s ETHA led with $8 million.

image
Flows into and out of spot Ethereum ETFs. Source: SoSoValue.

FETH from Fidelity and ETHW from Bitwise attracted $4 million and $3 million, respectively.

Inflows into spot Solana ETFs have continued for an eighth straight day — $29 million in the most recent session. Since launch, these instruments have taken in $323 million.

image
Flows into and out of spot Solana ETFs. Source: SoSoValue.

The segment is currently represented by two players — BSOL from Bitwise and GSOL from Grayscale.

JPMorgan analysts forecast bitcoin’s rise to $170,000.

A trader under the nickname Ash Crypto spotted a “bear trap” in Ethereum’s dynamics.

Подписывайтесь на ForkLog в социальных сетях

Telegram (основной канал) Facebook X
Нашли ошибку в тексте? Выделите ее и нажмите CTRL+ENTER

Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!

We use cookies to improve the quality of our service.

By using this website, you agree to the Privacy policy.

OK