Биткоин упал ниже $100 000, несмотря на приток в BTC-ETF Translation: Bitcoin Falls Below $100,000 Despite Inflow into BTC ETFs

For the first time in eight days, spot BTC ETFs recorded an influx of funds.

On November 7, the price of the leading cryptocurrency dipped below the psychological threshold of $100,000, reaching approximately $99,900.

In the last 24 hours, Bitcoin decreased by 2.9%, and over the week, it has fallen by 8.9%. At the time of writing, the coin is trading at $100,110.

Trader known as Ardi believes that after breaking the $100,000 level, the next significant support lies at $98,000.

Previously, contributors from CryptoQuant at XWIN Research indicated a local bottom for digital gold around $100,000, referencing the MVRV indicator. They identified a reference range of $99,000 to $101,000.

The price of Ethereum has dropped by 4.6% in the past day and by 15.7% over the week. At the time of writing, the second-largest cryptocurrency by market capitalization is trading around $3,200.

Nearly all cryptocurrencies in the top 10 by market cap experienced declines, with the exception of the meme coin Dogecoin, which saw a 0.3% increase in its price.

Amid this correction, positions worth $76.8 million were liquidated in the past hour, with a total of $674.3 million in liquidations over the last 24 hours.

The cryptocurrency fear and greed index stands at 24, indicating a zone of «extreme fear.»

The price of Bitcoin is falling despite the «return» of inflows into asset-backed exchange-traded funds. Following the last trading session, spot BTC ETFs attracted $240 million after six days of outflows.

The majority of this came from IBIT by BlackRock, which saw inflows of $112 million. Other funds such as FBTC from Fidelity and ARKB from Ark & 21 Shares also remained in positive territory with $61 million and $60 million, respectively.

In Ethereum-focused instruments, $12 million was added, with BlackRock’s ETHA leading the charge with $8 million in inflows. FETH from Fidelity and ETHW from Bitwise attracted $4 million and $3 million, respectively.

Inflows into spot Solana ETFs have been observed for the eighth consecutive day, totaling $29 million in the last trading day. Since their launch, these instruments have drawn in $323 million.

This segment is currently represented by two players: BSOL from Bitwise and GSOL from Grayscale.

Additionally, analysts at JPMorgan have predicted that Bitcoin could rise to $170,000.

Trader Ash Crypto has identified a «bear trap» in the dynamics of Ethereum.