Oh, what a grand old mess! Bitcoin ETFs are throwing a tantrum and packing their bags, heading straight for the exit with a whopper of a $3 billion month. Yes, you heard right! The brave little products are drawing their curtains early, after BlackRock’s fund had its most dramatic day of redemptions ever-like a scene from a financial soap opera. 🧙♂️💸
US spot Bitcoin ETFs are on a five-day losing streak longer than a snail’s holiday-drenching the scene with another $372 million in bailouts, according to mysterious folks at Farside Investors. It’s a regular money drip-drip-drip! ☔
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) decided to have a bit of a hissy fit, recording a staggering $523 million in outflows. Imagine that-more money leaving than grandma’s tears when she finds the grandkids have eaten her secret cookie stash. This was the biggest day of tears since… well, January 2024.
All told, November’s total bleed is a tremendous $2.96 billion, turning it into the second-worst month in the terrible history of Bitcoin ETFs-only February was worse, with a shy $3.56 billion. BlackRock alone contributed a hefty $2.1 billion of that, probably because they’re just not very good at keeping friends. 😜
If selling continues at this pace, we might see redemptions surpass February’s nightmare, making November the month everyone remembers as the “Great Bitcoin Bleed.” Who knew November, usually a jolly good month, would turn into a financial bloodbath? 🎢
Even the fancy folks at Standard Chartered are scratching their heads, saying that Bitcoin’s triumphs in 2025 were mainly thanks to those ETF inflows-like a bunch of kids riding a rollercoaster. 🎢
And yet, despite all this hullaballoo, investors stubbornly cling to hope, expecting Bitcoin’s month to be a shining star. Historically, November has been Bitcoin’s favourite party, boasting an average rally of 41.22%. But with all the bloodshed, it’s more like a bloody battleground now. 💥
Other crypto funds aren’t having a picnic either: Ether ETFs lost $74.2 million, while Solana ETFs plopped in some $26.2 million, making a total of over $421 million since their grand debut-perhaps not the best party, after all. 🎉
Rate Cut Rumblings and Doom & Gloom
Last week, Bitcoin shockingly flashed its “death cross,” a fancy chart pattern that looks like a Pogo stick breaking in half. Usually seen as the bad omen of doom, but sometimes it’s just crypto being dramatic. According to the wise folks at Bitget Wallet, this might mean a bottom-like the bottom of a very deep, muddy well-and perhaps a roaring comeback. Or not. Who knows? 🤷♀️
“This time, the signal comes at a moment when liquidity is only starting to stabilize, December rate-cut odds have fallen from near-certainty to ~50%, and market risks remain unresolved […]”
Meanwhile, some very serious people, including Tom Lee, warn that two major market makers are in trouble, possibly facing a financial knock-knock joke. That’s not exactly comforting news, is it? 🙃
Guess what? The Fed is now only throwing a 46% chance of slicing rates by 0.25% on December 10th-down from a sky-high 93.7%. Clearly, they’re playing hard to get, and traders are getting nervous, scrambling to guess which way the wind blows. 💨
Smart money traders? Oh, they’re not sitting still! They’ve piled on $5.7 million worth of short bets in the past day, betting that Bitcoin will go pfft rather than rocket. With net shorts worth a staggering $275 million, they’re basically betting on an epic fall-like a bunch of tech-savvy acrobats preparing for a big drop. 🎭
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2025-11-19 14:41