Bitcoin Slumps to $80K as U.S.-Listed Spot ETF Outflows Hit $3.7B in November

According to Forbes via COINOTAG News on November 26, the U.S.-listed Bitcoin spot ETF registered approximately $3.7 billion of net outflows in November, surpassing the prior monthly record of $3.6 billion set in February.

Bitcoin, the market’s reference asset, has retraced more than 35% from an October 12 peak of $126,000, carving a November 21 low near $80,000, the weakest level since April.

Across the sector, selling pressure intensified in October, with Ethereum-related ETFs also posting outflows of over $1.6 billion in November. Last week, the global crypto market cap slipped below $3 trillion for the first time since April.