Live updates: promos, term changes, new challenges, payouts.
Last week, investors withdrew $1.28 billion from spot Bitcoin exchange-traded funds. This is the largest weekly outflow since June. At the same time, Bitcoin continued to fall and at one point on November 9 dropped to $73,708 - the lowest since August.
On the evening of November 2, at around 20:55 Moscow time, the Bitcoin price broke below the $77,000 mark. The move was recorded in trading on the crypto market, which operates without weekends, so Sunday evening here is a full-fledged trading session.
Galaxy Research analyzed the filings of major managers: nine hedge funds and banks cut their positions in U.S. spot Bitcoin ETFs by 68,000 BTC - about $5.4 billion. The reason is not a bet against the market, but that the arbitrage scheme has almost stopped generating income.
