Crypto panic grows on Nov. 5. Explore the key events shaping market sentiment today.
Data from SoSoValue shows that on Nov. 4, the 12 spot Bitcoin ETFs saw $577.74 million in total outflows. It was their fifth consecutive day of losses.
Fidelity’s FBTC led with $356.58 million, followed by ARK 21Shares’ ARKB with $128.07 million, while the rest posted $93 million combined. No ETF recorded inflows.
Over the last 24 hours, 436,725 traders were wiped out. The total volume of liquidations achieved $1.73 billion.
The biggest single liquidation hit Hyperliquid’s ETH-USD pair. It is worth a massive $26.06 million.
Bitcoin’s drop below $100,000 has sparked a market-wide correction. Economist Peter Schiff predicts that BTC could mirror Ethereum’s trajectory, which has declined 40% since August.
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