$1.04B out of Bitcoin ETFs – Short term holders plunge into net unrealized losses

Bitcoin [BTC] spot exchange-traded funds (ETFs) flows measured -$1.043B in the past three trading days, from the 5th to the 9th of November. The heavy selling saw Bitcoin slip below its 50-week moving average, which is now at $75.2K. The Crypto Fear and Greed Index showed a fearful reading of 26. Over the past six weeks, Bitcoin miner MARA Holdings sold 13,597 Bitcoin at an average of $81,039 per coin, bringing in $1.1B to fund its pivot towards AI data centers. Heavy liquidations further fueled pessimistic market expectations. According to Glassnode, Hyperliquid trading volume for equities surpassed Bitcoin trading volume as traders rushed to buy the stock market dip. Short-term holder losses increase, and exchange inflows decline The Bitcoin short-term holder Spent Output Profit Loss (SOPR) was at 0.99.

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