📉 Bitcoin, BlackRock, and the ETF Exodus
Whew, what a ride. If you're looking at the $BTC action compared to just a month ago, the figures on the IBIT size are giving us a real moment of pause. We've watched it shrink from a hefty 799,000 to a slightly slimmer 775,000. Do the math? That's roughly a -5.5% dip. That's not just a correction; that's a clear signal.
It's been a double whammy: the overall Bitcoin correction landed right alongside a truly significant capital outflow from the ETF itself.
Drilling down into the November movements, things look intense. While the single-day maximum outflow might not have hit the absolute peaks we saw in the crazy first quarter of 2025, the real kicker is the density and overall scale. This recent exodus? It felt more severe. It wasn't about one huge spike; it was about persistent, heavy selling pressure.
Now, let's talk volume. Because this wasn't happening in a vacuum. The ETF trading volume trend during this same period was right up there—at a conspicuously high level.
When you combine high trading volume with that dense outflow, the conclusion is clear: the ETF outflow wasn't a minor factor; it was a strong, undeniable downward momentum for the asset.
