Crypto · Weekly outlook

Crypto weekly outlook: bitcoin holds near $76,000 after a $1.28 billion US spot ETF outflow week

By VoxTradePro Desk · Published 8 Nov 2026, 08:22 UTC+8 · 4 min read

Bitcoin held near $76,000 after midterm swings and about $1.28 billion of US spot bitcoin ETF outflows. What drove the week and what to watch next.

Bitcoin spent the weekend close to where Friday’s shake-out left it. A VoxTradePro snapshot of CoinGecko prices at 08:22 Asia/Macau on Sunday 8 November put bitcoin near $75,723, about 2.2% lower than a week earlier, inside a 24-hour range of about $75,541 to $76,150. The value of all cryptocurrencies was about $2.56 trillion, and bitcoin’s share of that total was about 59.3%.

That calm disguises a busy week: a midterm bounce, a slide to a seven-week low, a stronger-than-expected US jobs report, and heavy US spot bitcoin ETF withdrawals.

A bounce, then a give-back

Early in the week, risk assets reacted to the 3 November US midterms, which handed Democrats control of Congress. Ether briefly reclaimed $2,400. The lift did not last. By Friday a technology-stock sell-off, tied to worries about artificial-intelligence spending, had pulled bitcoin back to a seven-week low below $76,000.

Investing.com said bitcoin had fallen about 5.2% over 24 hours during Friday’s earlier trading, and that more than $1.27 billion in cryptocurrency derivatives were liquidated in that window, including over $1.1 billion in bullish bets.

Friday’s US jobs report added a second shock. CNBC said October payrolls rose by 165,000, against a Dow Jones estimate of 59,000. CME FedWatch then put the chance of a December rate increase at 76.8%; Reuters put market pricing at about 80%, up from about 67% on Thursday. We covered the release in more detail here.

ETF flows tell the institutional story

Price action was only half the week. Farside Investors’ US spot bitcoin ETF table shows net outflows of $411.9 million on Friday 6 November, after $430.2 million on Thursday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $403.0 million of Friday’s redemptions. Fidelity’s FBTC took in $42.8 million, the only bitcoin fund in the black that day. Smaller outflows came from Bitwise’s BITB, ARK 21Shares’ ARKB and Grayscale’s GBTC.

Adding Farside’s daily totals for 2–6 November gives about $1.28 billion of net withdrawals ($1,281.7 million). The session figures were −$398.6 million, −$115.6 million, +$74.6 million, −$430.2 million and −$411.9 million, so Wednesday was the only inflow day. IBIT alone recorded about $1.21 billion of outflows across those five sessions. Investing.com also put November’s net bitcoin ETF withdrawals at roughly $1.28 billion through Friday.

Flows measure share creations and redemptions, not an identical amount of bitcoin sold on exchanges at the same moment. They still show that listed products did not absorb supply this week as they sometimes do after a dip.

How the major coins fared

In the same Sunday snapshot:

Ethereum was near $2,235, down about 0.7% over seven days, a smaller weekly loss than bitcoin’s.
BNB was near $695, down about 1.0%.
XRP was near $1.16, down about 7.0%, the weakest of the large-cap group.
Solana was near $89.50, down about 6.0%.
TRON was near $0.32, up about 5.6%.

Live charts sit on each coin page, and the crypto market overview tracks the wider tape. Bitcoin’s share of total market value near 59% shows the week’s damage was broad rather than a rotation into other large coins.

A split regulatory tape

Washington sent two different crypto signals. On 6 November, FinCEN and the Federal Reserve withdrew a 2020 plan that would have lowered the international transfer-tracking threshold to $250. The same day, Treasury said FinCEN had issued an order to cut MEXC Global off from US fund transfers, alleging at least $16 billion in illicit flows. One decision removes a long-pending compliance burden; the other isolates a large exchange.

What to watch next week

Monday ETF flows. After about $1.28 billion of withdrawals in five sessions, the next Farside update will show whether redemptions slow when US cash markets reopen.
US inflation data. The Bureau of Labor Statistics is scheduled to release the October consumer price index on Tuesday 10 November, a date also flagged by The Block. A firm print would reinforce the jobs-driven case for a December hike; a softer one would work the other way.
Chart markers, not targets. Investing.com cited $80,000 as a nearby recovery marker and $73,000 as a possible downside level. Those are published reference points, not predictions. See our guide to support and resistance.
The MEXC clock. Treasury’s order takes effect 30 days after Federal Register publication.

Bottom line

Bitcoin is holding the mid-$70,000s after a week that mixed politics, a tech-led risk-off move, a hot jobs report and heavy ETF redemptions. The weekend range was tight; the open question is whether listed-fund demand returns when US markets reopen. Our Bitcoin price page has the live chart, and crypto market basics covers how these pieces fit together.

Sources

Not financial advice. This article is for general information and education only. It is not a recommendation to buy, sell or hold any asset. Prices move quickly and figures quoted may already be out of date; markets involve risk, including the loss of capital. See our disclaimer.

Related markets: Bitcoin Ethereum Solana XRP BNB