BlackRock IBIT posts $201.2M bitcoin ETF outflow

Bitcoin closed at $75,793.46 on Nov. 8, after briefly testing the $75,500 area, while its RSI reading of 37.1 shows momentum has cooled without yet reaching deeply oversold levels. The MACD remains negative, and price is sitting near the lower end of its Bollinger Band range, a sign the market is still under pressure even as it holds above the 200-day average near $73,176.

IBIT itself ended at $42.88 on Nov. 6 after falling from $45.33 two sessions earlier, with trading volume easing to 42.7 million shares from 68.7 million on Nov. 5. The ETF is now below its 50-day moving average of $45.81, reinforcing the near-term technical weakness that often keeps tactical traders on the sidelines.

The outflow also lands against a broader backdrop of cautious crypto positioning. Adalytica’s Bitcoin Fear & Greed Index stood at 19, or “Fear,” even after a 5-point daily improvement, while broader market gauges showed investors still rotating across risk assets rather than committing to a clean rebound.

For investors, the key question is whether the latest outflow marks a one-day reset or the start of a deeper pause in the ETF-driven bitcoin trade. If flows continue to weaken while bitcoin remains below key moving averages, the next catalyst will be whether buyers step in around the $73,000 to $76,000 zone or whether another leg lower forces further ETF redemptions.