Coinspeaker Bitcoin Spot ETFs Face $438M Net Outflow as Crypto Liquidations Hit $573M on November 25
The cryptocurrency market experienced turbulence on November 25, as US-listed Bitcoin spot exchange-traded funds (ETFs) recorded a total net outflow of $438 million. At the same time, sharp price drops across the crypto market led to $573.61 million in liquidations, impacting over 177,000 traders globally.
Data from SoSoValue shows that seven of the eleven US-traded Bitcoin ETFs reported significant outflows, breaking a five-day streak of net inflows. Notable funds like Grayscale Bitcoin Trust (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) led the losses, with outflows of $158.24 million and $134.72 million, respectively.
BlackRock’s IBIT Bucks the Trend
Other ETFs, including ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), also saw withdrawals as Bitcoin BTC $93 686 24h volatility: 5.0% Market cap: $1.85 T Vol. 24h: $120.97 B dropped to $92,000, almost hitting $100,000 for the first time in history. Investors appeared to retreat in response to market volatility.
However, BlackRock’s iShares Bitcoin Trust (IBIT) stood out by attracting $267.79 million in inflows, continuing its daily growth streak. The Grayscale Bitcoin Mini Trust (BTC) also managed a small inflow of $420.46K. Despite these gains, the overall net flow for the day remained negative.
As of November 25, Bitcoin spot ETFs collectively hold $102.23 billion in net assets, with a cumulative inflow of $30.40 billion.
Widespread Liquidations Hit Crypto Markets
Bitcoin’s price dip also triggered massive liquidations across the broader crypto market. According to CoinGlass, $573.61 million was liquidated in 24 hours, with over 177,000 traders impacted. Centralized exchanges such as Binance, KuCoin, and Kraken saw the majority of these liquidations.
For Bitcoin alone, traders lost $161 million, with $131 million coming from long positions and $29 million from short positions. Ethereum traders faced a combined loss of $94 million, with long traders suffering $62 million and short traders losing $32 million.
Meanwhile, despite the recent liquidations, market experts maintain a bullish outlook for Bitcoin’s long-term trajectory. Analyst Ali Martinez projected that BTC could surge to $150,000 during the ongoing cycle, emphasizing the importance of key resistance levels and adoption trends in reaching this target.
Similarly, veteran chartist Peter Brandt predicted a peak of $150,000 by August next year, highlighting Bitcoin’s position in the “sweet spot” of its bull market cycle. Brandt also pointed to historical patterns and institutional inflows as supporting factors for his forecast. These predictions reflect growing confidence in Bitcoin’s ability to recover and continue its upward momentum.
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Bitcoin Spot ETFs Face $438M Net Outflow as Crypto Liquidations Hit $573M on November 25
