Bitcoin ETF Releases Continue to Decline: What Should Investors Do?

Weekly Crypto Bulletin: Bitcoin Decline Continues

Bitcoin prices continue to decline due to ETF outflows and market factors. As of November, Bitcoin has entered a decline process with a value loss of 22.9% and experienced an additional 12.1% value loss during this period.

JPM Organ's Assessment

JPM Organ analysts indicate that the primary reason for the decline in Bitcoin prices is the sales made by individual investors from spot Bitcoin ETFs. Managing Director Nikolaos Panigirtzoglou stated, "The leveraged position liquidations experienced in the futures market due to the market correction in October have stabilized in November."

The outflows from Bitcoin ETFs have reached a total of $3.55 billion, with the $903 million net outflow on Thursday marking the second-largest daily sale in the history of Bitcoin ETFs. However, analysts do not interpret these outflows as a general flight to safety, stating that investors still view cryptocurrencies as a separate investment category from the stock market.

High Investment in U.S. Equity ETFs

While Bitcoin ETFs are experiencing their worst month so far, investors have poured approximately $96 billion into U.S. equity ETFs this month. This situation reflects investor risk appetite and market sentiment.

Weekly News Summary

• The Crypto Fear & Greed Index has fallen into the "Extreme Fear" zone, reaching levels not seen since February.
• BlackRock has registered for an Ethereum (ETH) ETF that includes staking in Delaware. This is the first step towards the fund issuer's new ETF application.
• In the futures market, Aster (ASTER) reached $220.5 billion in November, while Hyperliquid (HYPE) remained at $192.4 billion.

Featured Cryptocurrencies

Tensor has differentiated itself from negative market conditions and gained 149.9% over the past week due to high whale interest. On the other hand, Maple Finance (SYRUP) faced an adverse development in its legal battle against the Core Foundation, losing 36.9% following a court ruling.

According to news sources' analyses, it is expected that investors should be cautious and closely monitor market developments in the coming days.