Bitcoin’s 76K Test Hinges on Capital Flows 🖤
In a November 9 analysis CryptosRus pointed out around 1.65 billion in combined weekly outflows from spot Bitcoin and Ethereum ETFs versus the Fed’s balance sheet expanding by 212 billion since its low at the end of last year. BTC ETFs bled about 1.28 billion last week with over 840 million spilling out in the final two trading days. Meanwhile ETH funds saw more than 365 million exit though they did snag a tiny 53 million green day on November 4. ETFs serve as one of crypto’s loudest pipelines for big money so nonstop withdrawals mean BTC now leans harder on native demand treasury buyers or leveraged plays. Ethereum ETFs still sit at roughly 12 billion in cumulative net inflows so the long term channel ain’t dead yet even after the recent dump. The Fed’s balance sheet climbed to 6.75 trillion sitting 212 billion above its December 2025 low with about 390 billion of that boost coming from Treasury holdings offset partly by mortgage backed securities rolling off. A bigger balance sheet can brighten the vibe for risk assets but it ain’t the same as straight up buying crypto.Liquidations Plus Economic Data Pile Onto BTC’s Woes 🌑
The latest selloff already triggered a liquidation wave wiping over 1 billion in leveraged positions in a single day with 930 million of those being long bets. More pain could arrive from this week’s US calendar with CPI numbers for October dropping tomorrow followed by PPI data on Friday plus 17 Federal Reserve speaking gigs and OPEC’s oil report on November 11 that might shift inflation vibes. For the outlook on Bitcoin to flip bullish it needs a sustained climb above 76,000 backed by stronger spot volume and better ETF flows. The setup turns shaky if BTC keeps rejecting near 76,000 forms a lower high and breaks short term support on rising sell volume. A rebound without ETF improvement would also stay vulnerable to reversal. ✨🕸️🦇🔮😈🩸Just another echo from the void by iconofsin.eth 💖
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