Bitcoin
Bitcoin (BTC)
$104,793.00 -0.57522
Bitcoin price
Ethereum
Ethereum (ETH)
$2,604.21 -1.0936
Ethereum price
BNB
BNB (BNB)
$663.42 -0.9488
BNB price
Solana
Solana (SOL)
$152.08 -2.57135
Solana price
XRP
XRP (XRP)
$2.20 -2.25782
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 -1.78676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -5.8708
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -6.02843
Bonk price
dogwifhat
dogwifhat (WIF)
$0.869289 -9.71879
dogwifhat price
Popcat
Popcat (POPCAT)
$0.342899 -8.16412
Popcat price
Bitcoin
Bitcoin (BTC)
$104,793.00 -0.57522
Bitcoin price
Ethereum
Ethereum (ETH)
$2,604.21 -1.0936
Ethereum price
BNB
BNB (BNB)
$663.42 -0.9488
BNB price
Solana
Solana (SOL)
$152.08 -2.57135
Solana price
XRP
XRP (XRP)
$2.20 -2.25782
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 -1.78676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -5.8708
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -6.02843
Bonk price
dogwifhat
dogwifhat (WIF)
$0.869289 -9.71879
dogwifhat price
Popcat
Popcat (POPCAT)
$0.342899 -8.16412
Popcat price
Bitcoin
Bitcoin (BTC)
$104,793.00 -0.57522
Bitcoin price
Ethereum
Ethereum (ETH)
$2,604.21 -1.0936
Ethereum price
BNB
BNB (BNB)
$663.42 -0.9488
BNB price
Solana
Solana (SOL)
$152.08 -2.57135
Solana price
XRP
XRP (XRP)
$2.20 -2.25782
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 -1.78676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -5.8708
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -6.02843
Bonk price
dogwifhat
dogwifhat (WIF)
$0.869289 -9.71879
dogwifhat price
Popcat
Popcat (POPCAT)
$0.342899 -8.16412
Popcat price
Bitcoin
Bitcoin (BTC)
$104,793.00 -0.57522
Bitcoin price
Ethereum
Ethereum (ETH)
$2,604.21 -1.0936
Ethereum price
BNB
BNB (BNB)
$663.42 -0.9488
BNB price
Solana
Solana (SOL)
$152.08 -2.57135
Solana price
XRP
XRP (XRP)
$2.20 -2.25782
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000128 -1.78676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -5.8708
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -6.02843
Bonk price
dogwifhat
dogwifhat (WIF)
$0.869289 -9.71879
dogwifhat price
Popcat
Popcat (POPCAT)
$0.342899 -8.16412
Popcat price

Bitcoin ETF outflows slow down, $100k BTC still in sight

News
Bitcoin ETF outflows slow down, $100k BTC still in sight

Spot Bitcoin exchange-traded funds recorded two consecutive outflow days as the top cryptocurrency corrected almost 3% after the U.S. Federal Reserve hinted that further interest rate cuts might not be coming.

After three consecutive inflow days bringing in over 2.43 billion between Nov. 11 and Nov. 13, the weekly inflows were offset by two consecutive outflow days.

On Nov. 14, Bitcoin ETF products saw their third-largest outflow since launch, with approximately $400.7 million withdrawn. Outflows eased the following day as BTC rebounded from support near $87,500, with $239.6 million exiting the funds, according to data from Farside Investors.

BlackRock’s IBIT was the only fund to record inflows on Nov. 15, as it continued its seven-day inflow streak, bringing in $130.4 million. Outflows came from:

  • Fidelity’s FBTC: $175.1 million
  • ARK and 21Shares’ ARKB: $108.6
  • Grayscale’s Bitcoin Mini Trust: $47 million
  • Grayscale’s GBTC: $22.5 million
  • VanEck’s HODL: 7.7 million
  • Bitwise’s BITB: 7.4
  • Valkyrie’s BRRR: $1.7 million.

The other three ETF offerings saw no flows on the day.

BTC set for $100,000 

Bitcoin’s drop to a weekly low of $86,572, along with Federal Reserve Chair Jerome Powell’s Nov. 14 speech in Dallas. Powell stated there’s no urgency to lower rates, which seems to have driven the ETF outflows. However, this hasn’t dampened the broader market’s optimism.

Prominent Bitcoin advocates such as Michael Saylor and Matthew Sigel, along with the larger crypto community, remain optimistic about BTC’s trajectory, predicting it could reach $100,000 by year-end—or potentially climb even higher.

As reported by crypto.news, Saylor anticipates Bitcoin hitting $100,000 before the end of 2024, attributing this outlook to Donald Trump’s victory in the U.S. elections, which he described as the “biggest event for Bitcoin in the past four years.”

Polymarket bettors are also highly bullish on Bitcoin, with a poll suggesting a 65% chance of BTC reaching $100,000 before New Year’s Eve.

On X, pseudonymous trader Crypto Eagles told his 99,000+ followers that Bitcoin has broken out of a multi-year inverse head and shoulders pattern — a bullish structure often preceding upward rallies — setting the stage for a potential climb to six figures.

Analyst Rekt Capital, whose commentary previously suggested BTC price targets in the range of $120,000 to $160,000, said in a Nov. 16 post that Bitcoin has only just entered its parabolic phase, which historically lasts around 300 days. With the current cycle only 11 days in, there’s a lot of room for further growth from current levels.

At the time of writing, Bitcoin (BTC) was trading above $90,900, up 1.3% in the past 24 hours, while IntoTheBlock’s market sentiment indicator signaled a mostly bullish outlook.