Bitcoin News Today: Bitcoin ETFs Offload $2.96 Billion in November, Exceeding Mt. Gox Repayment Amounts
- Bitcoin ETFs sold $2.96B in November, exceeding Mt. Gox's $953M debt repayment transfers, signaling extreme bearish sentiment. - BlackRock's IBIT led outflows with $2.1B, including a $523M single-day withdrawal, as BTC prices fell 28% below $90,000. - Market analysts warn ETF redemptions could accelerate Bitcoin's decline, citing technical indicators like the "death cross" and weak institutional sentiment. - The sell-off contrasts Bitcoin's historical November rallies, driven by macroeconomic fears and A
In November, Bitcoin ETFs have offloaded more
At the same time, Mt. Gox, the defunct Japanese exchange, has transferred $953 million in Bitcoin after being inactive for eight months, sparking speculation about its plans to repay creditors. On March 25, 2025, the company moved 893
BlackRock’s recent moves have added to market anxiety. The firm shifted 4,880 BTC and 54,730 ETH—worth $642 million—to Coinbase Prime in late November, with analysts viewing these transfers as possible signals of impending sales. Unlike previous years when ETF inflows boosted Bitcoin’s price,
The ETF sell-off stands in stark contrast to Bitcoin’s usual November performance, which has historically seen an average gain of 41.22% for the month. Analysts
Experts caution that ongoing ETF withdrawals could further accelerate Bitcoin’s downward trend. “
As the market contends with these shifts, the interaction between ETF redemptions and Mt. Gox’s repayment plans underscores the vulnerability of Bitcoin’s ecosystem. With November emerging as one of the most turbulent months in recent memory, investors remain cautious, closely monitoring for any signs of stabilization or further decline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Organizations Caution: Guilty Verdict May Turn Code Expression Into a Crime
- Over 65 crypto groups urge Trump to intervene in Tornado Cash co-founder Roman Storm's legal case, arguing code should be protected speech under the First Amendment. - Storm faces charges for operating an unlicensed money transmittal service, with his defense citing recent DOJ guidance against prosecuting decentralized software developers. - Advocates demand tax clarity for crypto staking/mining and SEC safe harbor rules, aligning with Trump's "Crypto Capital" campaign promises and Zhao's pardon. - DOJ m

Fed Faces Rate Cut Uncertainty: Balancing Dovish Momentum and Prudent Restraint Amid Data Delays
- Fed Governor Waller advocates 25-basis-point rate cut in December, citing weak labor market and low inflation. - Market expectations for a cut dropped to 42.9% as of Nov 17, reflecting growing skepticism amid delayed key data. - Dovish Waller faces internal Fed caution over inflation risks (3% annual rate) despite his emphasis on labor market deterioration. - White House adviser Hassett highlights AI's potential to reduce hiring needs, complicating Fed's balancing act between weak employment and economic

"Google's AI Scam Defense in India: Safeguarding a Select Few, While Many Fall Victim to Fraud"

Ethereum Updates Today: Long-Term Investors Increase Holdings Amid Price Decline: Crypto Market Faces Growing Uncertainty
- Bitcoin and Ethereum face bearish pressure as ETF outflows persist, with Bitcoin near $95,000 and Ethereum below $3,200. - Institutional players like BitMine and FG Nexus adjust strategies amid declining hash prices and liquidity concerns. - Technical indicators like Bitcoin’s death cross and Ethereum’s oversold RSI signal prolonged weakness, with JPMorgan warning of risks for MSTR . - Coinbase’s D'Agostino sees the selloff as a buying opportunity for long-term holders, though structural buyer accumulati
