Bitcoin Holds Near $74,000 as ETF Outflows Reach Four Days

Bitcoin traded near $74,000 on Wednesday, Nov. 11, after falling to approximately $72,700 the day before. The cryptocurrency did not match a rebound in Nasdaq-100 futures cited in the reported market move.

U.S. spot Bitcoin exchange-traded funds recorded about $95 million in net outflows on Tuesday, Nov. 10. The result extended their run of net redemptions to four consecutive trading days.

The flow data arrived after October U.S. consumer prices rose 0.4% from the prior month. Core CPI, which excludes food and energy, increased 0.3% during the month.

Markets subsequently priced an approximately 90% probability of a Federal Reserve rate increase at its Dec. 8-9 meeting, according to the reported market pricing. These figures reflect market expectations, not a Federal Reserve decision.

Bitcoin does not follow futures rebound

Bitcoin was near $74,000 on Nov. 11, following its move down to roughly $72,700 on Nov. 10. At the same time, Nasdaq-100 futures rebounded, creating a contrast between Bitcoin's trading and the cited equity-futures move.

The difference does not by itself establish why Bitcoin traded differently from futures. However, ETF flows and changing interest-rate expectations were both part of the market backdrop.

Bitcoin had also fallen below $75,000 as technology stocks rebounded after jobs data in a separate recent market development.

ETF redemptions extend

The approximately $95 million in net outflows on Nov. 10 marked a fourth straight trading day of withdrawals from U.S. spot Bitcoin ETFs.

BlackRock's IBIT represented about $78 million of the daily outflows and posted its eighth consecutive redemption session, according to the reported flow data. That made IBIT the largest named contributor to the reported total.

ETF flows are one measure of investor activity in the regulated fund market. They should not be treated as a complete measure of demand for Bitcoin across all trading venues.

• U.S. spot Bitcoin ETF net outflows: approximately $95 million on Nov. 10
• Outflow streak: four consecutive trading days
• IBIT outflows: approximately $78 million on Nov. 10
• IBIT redemption streak: eight consecutive sessions

October CPI changes the rate backdrop

The U.S. Bureau of Labor Statistics reported that CPI rose 0.4% month over month in October. Core CPI rose 0.3% over the same period.

Following the release, markets raised the implied probability of a Federal Reserve rate hike at the Dec. 8-9 meeting to around 90%. The probability is a market-based estimate and can change before the meeting.

Higher expected policy rates can affect pricing across risk-sensitive markets, but the available information does not prove a direct causal link between the CPI reading and Bitcoin's daily move.

What the data shows

The reported data points to a period in which Bitcoin remained below its recent $75,000 level while U.S. spot Bitcoin ETFs continued to see net redemptions. It also shows markets reassessing the likely path of Federal Reserve policy after the October inflation figures.

Investors and traders will continue to monitor subsequent ETF flow reports, inflation data and Federal Reserve communications. None of these indicators alone determines Bitcoin's direction, and this report is not financial advice.

Continue reading: Bitcoin had also fallen below $75,000 as technology stocks rebounded after jobs data in a separate recent market development. on BTCNews.

Continue reading: Bitcoin miners HIVE and MARA recently reported higher Bitcoin production alongside lower third-quarter revenue. on BTCNews.

Sources

• CoinDesk: Bitcoin sits out stock rebound as ETF outflows extend to fourth day
• U.S. Bureau of Labor Statistics: Consumer Price Index Summary – October 2026 Results
• Investing.com: Bitcoin falls over 2%, drops under $74k after hot CPI data, hawkish Waller

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