Bitcoin (BTC) traded near $75,880 on Saturday morning, down roughly 6% over the two days since November 5, after US spot Bitcoin exchange-traded funds logged their heaviest weekly outflows since late June. According to SoSoValue data, the funds recorded $1.28 billion in net outflows last week, erasing their gains for the year. Spot Bitcoin ETFs hold the asset directly in standard brokerage accounts, and their daily flow prints are widely followed as a gauge of investor demand.

The funds entered the week with approximately $368 million in cumulative net inflows for 2026. By Friday, that figure had swung to $914.1 million in net outflows. Money left the products on four of the five trading days: outflows totaled $398.6 million on Monday, $115.6 million on Tuesday, $430.2 million on Thursday, and $411.9 million on Friday. Wednesday was the sole exception, with a $74.6 million inflow.

BlackRock's IBIT led Friday's exits, posting $403 million in outflows, roughly 88% of the day's gross outflows. Fidelity's FBTC moved in the opposite direction, taking in $42.8 million that day. The two funds are among the largest in the category, a reason their daily prints draw outsized attention.

The selling extended beyond Bitcoin. Spot ether ETFs, which debuted in 2024, shed $365.3 million, a sixth consecutive week of net outflows. Solana ETFs lost $26.3 million and Hyperliquid ETFs lost $15.6 million, each recording a fifth straight week of outflows, their longest streaks yet.

What Moved the Market This Week

Bitcoin fell 5.6% on Thursday alone. Analysts tied the decline to the Democratic sweep of Congress in Tuesday's midterm elections and to doubts over AI spending. Concerns about an AI selloff have also weighed on risk assets. Arthur Hayes, co-founder of Maelstrom, has warned that an AI collapse could push BTC lower.

Market sentiment has fallen to extreme fear. CryptoQuant data shows short-term holders are now selling at a loss, with losses accounting for 89% of those holders' exchange inflows. Coins sent to exchanges in profit fell from 29,849 BTC to 4,089 BTC, while coins sent at a loss rose from 2,559 BTC to 32,695 BTC. Short-term holders — coins acquired within recent months — are watched as a read on newer buyers' behavior.

Analyst Quinten framed the same price level differently, noting that only 58.3% of Bitcoin's supply is in profit at $76,000, a reading that historically has appeared during some of the best accumulation periods of the past decade. The metric counts coins whose last on-chain move occurred below the current price, mapping where holders' cost bases cluster.

Bitcoin at $76,000 and only 58.3% of the supply is in profit. Historically, similar readings have appeared during some of the best accumulation opportunities of the past decade. pic.twitter.com/iMukt4PYO5
— Quinten (@QuintenFrancois) November 8, 2026
https://x.com/QuintenFrancois/status/2119265925132370093?ref_src=twsrc%5Etfw

Exchange balances have also shifted. CoinGlass data shows exchange reserves fell from 2.6 million BTC on November 4 to 2.59 million BTC, suggesting about 10,000 BTC left exchanges over that period. Reserve levels track how much Bitcoin is immediately available for trading on venues.

Price Levels in Focus

The weekly chart displays a rounded top pattern. A weekly close below $75,900 could send the price toward the 200-week exponential moving average (EMA) at $69,500. On the upside, resistance sits at the 100-week EMA near $78,900; a close above it, paired with a hold of $81,000, could open a path toward $85,000. The weekly RSI — a momentum indicator scaled from 0 to 100 — has dropped below 50, a reading that indicates bears remain in control on that timeframe.

Analyst Crypto Patel noted that BTC has printed three major cycle bottoms, each accompanied by a bullish engulfing signal, and asked whether a fourth is setting up.

$BTC 3 Major cycle bottoms. Three bullish engulfing signals. Is the 4th one setting up? I think, No need to explain. pic.twitter.com/YfiROv3WFK
— Crypto Patel (@CryptoPatel) November 8, 2026
https://x.com/CryptoPatel/status/2119286036643926152?ref_src=twsrc%5Etfw

US inflation data is due this week, an event that could add volatility to trading; such releases are typically watched for their bearing on Federal Reserve policy expectations. Beyond the print, the coming week's daily ETF flow reports will show whether the outflow streaks across Bitcoin, ether, Solana, and Hyperliquid products extend. As of Saturday morning, ether traded near $2,244, Solana near $89.84, and Hyperliquid near $77.79.

This article originally appeared on CoinCentral: https://coincentral.com/bitcoin-btc-price-worst-etf-outflow-week-since-june-pushes-btc-under-76k/