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Bitcoin was around $75,000 on November 8, about 0.7% below its 50-week moving average. It ended seven straight weeks of closing above the moving average. Historically, only 2011–12 and 2019–20 saw similar pullbacks below the average, and in both cases the weekly closing lows were not broken.

The odds of a December Fed rate hike rose to 84.2%, while Bitcoin ETFs saw a weekly outflow of $1.28 billion. In this article, we assess whether Bitcoin ETF demand faces additional pressure under rising rate-hike expectations across four dimensions: the opportunity cost of interest rates, ETF fund structure, corporate treasury hedging, and key technical levels. We also lay out the

Market hotspots are constantly rotating, and Gate Perp Hot Tuesday goes live every Tuesday on schedule.

Bitcoin slipped below the $73,171 200-day moving average. USDT saw a $6.6 billion contraction over the past 60 days, and spot Bitcoin ETFs logged $1.28 billion in outflows over the week. In this article, we break down on-chain evidence of weak buy-side demand, map out the support logic, and identify the conditions under which it fails.

The Gate Web3 Bitway Perpetual Trading Competition is officially live.