BlackRock’s IBIT bleeds $2 billion in nine straight days of outflows
first published 2026-11-12T11:20:40Z
Bitcoin and the broader crypto market are under pressure as CME FedWatch implies a 100% chance of a December 9 Fed rate hike. BTC is trading around $72,744, below its daily moving averages, while persistent outflows, weak sentiment, and a lack of fresh catalysts are said to be keeping top crypto assets fragile. The article says a sustained recovery would likely need new use cases, higher highs, and steady inflows into institutional products such as ETFs.
AI Analysis
The summary links rising rate-hike expectations, persistent outflows, weak sentiment, and BTC trading below daily moving averages to near-term pressure on crypto prices. It also notes the absence of fresh catalysts, which is relevant for short-term traders.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
Source Articles
- What's Next For Bitcoin (BTC)? CME FedWatch Shows 100% Odds of a December Fed Rate Hike - U.Today
- EU DeFi proposals could push users to riskier platforms, says Coinbase exec - Cointelegraph
- XRP News: XRP Ledger Is Seven Votes Away From Unlocking Native Crypto Lending - Coinpedia
- Bitcoin ETFs Lose $1.44B in 5 Days as Selling Deepens - Bitcoin.com
- Morning Minute: Tokenized Stock Venues Are Launching Without Big Tech’s Approval - Decrypt
- BlackRock’s IBIT Bleeds $2 Billion in Nine Straight Days of Outflows - Bitcoin Magazine
- Bitcoin Price Breaks Below $72K as $656M Liquidation Bloodbath Hits Crypto - Bitcoin.com
