Bitcoin ETF outflows run to a fourth day as BTC trades near $74K

U.S. spot Bitcoin ETFs lost about $95 million U.S. on Nov. 10, a fourth straight session of net outflows, as Bitcoin traded near $74,000. Centre outlets tied the withdrawals to the Binance hack, weakness in A.I.-linked tech stocks and expectations of a Fed rate hike, while one unrated outlet paired the flow data with conditional technical trade setups.

• U.S. spot Bitcoin ETFs recorded roughly $95 million U.S. in net outflows on Nov. 10, extending the streak to four consecutive days, according to market data cited by the outlets.· 2 sources
• BlackRock's iShares Bitcoin Trust accounted for $78 million U.S. of the Nov. 10 outflows, and November's combined outflows reached $1.57 billion U.S.· 1 source
• Analysts blamed the withdrawals on Binance's Oct. 30 disclosure of a $6.3 billion U.S. hack, declines in A.I.-infrastructure technology stocks, and higher rate expectations ahead of the Fed's Dec. 9 meeting.· 1 source
• Yahoo Finance put Bitcoin at $73,750 U.S., down from an $86,000 U.S. early-October peak; Blockonomi cited CoinGecko at $73,908.71, down 1.08% over 24 hours and 5% over seven days.· 2 sources
• Blockonomi reported analyst Giannis Andreou's conditional setups around $72,300 support, with targets near $98,000 and a stated risk that a break exposes $69,000 and then a $62,800–$67,300 zone.· 1 source
• CoinDesk reported Bitcoin holding near $74,000 as a hot inflation reading lifted the odds of a U.S. rate increase to around 90%, with outflows at a fourth day and liquidations rising.· 1 source