Worsening Bitcoin demand estimates and US spot ETF net outflows
- 1RugaResearch stated that on November 10, the combined 30-day spot and perpetual futures demand estimate for Bitcoin recorded minus 348,000 BTC.
- 2The spot proxy improvement from November 7 to 10 was approximately 29,500 BTC, while the perpetual futures estimate worsened by approximately 63,500 BTC during the same period.
- 3Farside showed that US spot Bitcoin ETF net outflows were 300 million dollars on November 11.
So what's the key point?
Bitcoin demand recorded a negative 348,000. There were 300 million dollars in outflows from US spot Bitcoin ETFs.
Source Seeking Alpha +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.