Bitcoin’s recent weekly decline of 13.30% to roughly $65,735 highlights acute liquidity friction across institutional U.S. trading venues. Market data indicates that U.S. spot Bitcoin exchange-traded funds recorded $1.065 billion in weekly outflows, compressing total assets under management from $100.36 billion down to $97.88 billion. Simultaneously, Coinbase experienced roughly 8,900 BTC in net active selling between November 9 and November 14, keeping its institutional price premium persistently negative.
This sustained institutional distribution underscores how macro risk aversion directly impacts regulated investment vehicles. While brief intraday attempts to restore a positive Coinbase premium failed to hold, institutional order books continue absorbing heavy redemption pressure, testing the market’s capacity to stabilize without renewed domestic spot inflows.
Tracking institutional spot premiums and ETF net flows remains essential for gauging structural market recovery. Stabilizing U.S. fund redemptions is critical before sustained upward price discovery can resume.
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