Bitcoin falls to $76,500 as ETF outflows hit $398 million, Binance breach weighs

Bitcoin (BTC) faced increased selling pressure this week, recording its fourth straight weekly decline as multiple headwinds dampened investor sentiment. The leading cryptocurrency traded around $76,585 on Tuesday, November 3, as investors monitored ongoing outflows from spot Bitcoin exchange-traded funds (ETFs) and the potential impact of recent high-profile security breaches. Data from SoSoValue revealed that US spot Bitcoin ETFs saw net outflows totaling approximately $202.59 million in the final week of October. The pattern continued into the new month, with an additional $398.26 million withdrawn from Bitcoin funds on Monday. This marked a decisive reversal from the prior trend of positive inflows, as October ended with net outflows of $515.03 million—ending a three-month streak of accumulation.

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