Bitcoin Hits Four-Month Low as US Spot ETFs Record Seven Consecutive Days of Net Outflows

According to TechFlow, on November 15, as reported by The Defiant, Bitcoin touched $61,946.17 on Coinbase, its lowest level in four months, before rebounding. Exchange data last reached this price level or lower on July 13, when it hit a low of $61,750.90.

Data from Farside Investors shows that between November 5 and 13, U.S. spot Bitcoin ETFs recorded cumulative net outflows of approximately $1.91 billion over seven consecutive trading days. Of this, net outflows on November 13 totaled $185.4 million, with BlackRock's IBIT and Fidelity's FBTC experiencing outflows of $143.5 million and $41.9 million, respectively.