Bitcoin Climbs Back Above $74,000 as Spot ETF Outflows Slow to $95 Million

Bitcoin recovered on Wednesday, 11 November, climbing back above $74,000 after Tuesday's sell-off took it to an intraday low near $72,800. Some exchanges briefly showed prices above $75,000. The rebound followed the broader risk-on move in US tech stocks, where AI and chip names rallied after CoreWeave's earnings.

ETF flows remain negative, but redemptions are slowing.

What happened

• Spot Bitcoin ETFs saw net outflows of about $95 million on Tuesday, 10 November. It was the third straight session in which the daily outflow was smaller than the one before.
• BlackRock's IBIT recorded about $78 million in withdrawals, its eighth straight day of outflows.
• Monthly picture. Estimates of November outflows so far range from about $1.2 billion to $1.6 billion, depending on the data provider and date range.
• Macro pressure remains. Hotter October US inflation pushed up the odds of a December Fed hike to about 87–92%, and Goldman Sachs now expects 25 basis point hikes in December and March 2027.
• Weak demand. On-chain analysts at CryptoQuant still describe spot demand as soft, even as selling pressure eases.

Why it matters for traders

• Slowing outflows are not inflows. Smaller redemptions can mean sellers are running out, but a sustained recovery usually needs ETF flows to turn positive for several days in a row.
• Rates drive Bitcoin right now. Bitcoin has traded closely with rate expectations this month. Rising Treasury yields and a stronger dollar make non-yielding assets less attractive.
• Key levels. The $72,800 low from Tuesday is the nearest support. Sellers have been active in the $76,000–77,000 area in recent sessions.
• Leverage resets. Tuesday's drop liquidated more than $600 million in leveraged positions. After a flush like that, rebounds can be sharp, but they often fade without new spot buying.

What to watch

1. Daily ETF flow data. One positive day for IBIT would end its outflow streak and could improve sentiment.
2. US Treasury yields when bond markets reopen after Veterans Day.
3. Fed speakers and any shift between 25 and 50 basis point hike expectations.
4. Nvidia earnings on 17 November, since Bitcoin has been moving with tech risk appetite.

Educational content, not investment advice. Practise Bitcoin trades risk-free in the Trading Titans paper trading app.