Will Bitcoin’s largest ETF withdrawal since July deepen BTC’s crash?
The post Will Bitcoin’s largest ETF withdrawal since July deepen BTC’s crash? appeared on BitcoinEthereumNews.com.
Key Takeaways What triggered Bitcoin’s drop below $100K? Over $492 million in liquidations and $577 million in ETF outflows pulled prices lower as institutions took profits. What could help BTC recover next? Strong retail accumulation on Coinbase and bullish Puell Multiple readings point to renewed upside potential near long-term support. Bitcoin [BTC] faced an intense selloff, with the asset slipping well below $100,000 for the first time since the 23rd of June. The dip triggered about $492 million in liquidations over 24 hours, per Derivatives trackers. Even so, early demand returned as buyers tested discounted bids. U.S. retail and broader market regain confidence U.S. retail investors have been returning to the market following the previous day’s decline, with buying activity picking up across major exchanges. The Coinbase Premium Index—a key indicator tracking the difference between Coinbase and offshore exchange prices—surged to -0.9, approaching the neutral-to-bullish zone (positive territory). While retail sentiment has yet to turn fully bullish, the data suggested growing investor conviction as traders accumulate Bitcoin at perceived discount levels. Source: CryptoQuant The broader market mirrored this shift. According to the Puell Multiple, one of Bitcoin’s on-chain valuation indicators, the metric climbed to around 0.9 at press time. Historically, readings at this level imply ongoing accumulation and potential for further upside until the indicator reaches around 6, which often signals overvaluation and precedes a correction. Historical levels reached The recent market decline pushed Bitcoin into the 365-day Moving Average (MA) cross—a historically significant zone for identifying major price reversals. This indicator has consistently marked pivotal turning points for Bitcoin. For instance, in April, following a broad selloff influenced by former U.S. President Donald Trump’s tariff hike, Bitcoin entered this zone and subsequently rallied. A similar pattern emerged in August 2024 when Bitcoin again rebounded after trading near this level.…
Filed under: News - @ November 6, 2025 4:26 am