Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $74.57 million in net inflows on November 4, according to SoSoValue, ending three consecutive sessions of outflows totaling approximately $1.16 billion.
- • Fidelity's FBTC led activity with approximately $237 million in inflows, while BlackRock's IBIT recorded approximately $201.24 million in withdrawals.
- • Spot Ether ETFs attracted $53.02 million, ending five consecutive trading days of withdrawals; combined Bitcoin and Ether ETF net inflows totaled $127.59 million.
- • Total net assets across U.S. spot Bitcoin ETFs stood at approximately $102.26 billion, with cumulative net inflows of $56.54 billion.
- • BTC traded near $80,355 on November 5 with immediate resistance at $81,128 and support at $79,746; crypto analyst Crypto Patel's $363,000 cup-and-handle target remains an unconfirmed long-term projection.
Summary
U.S. spot Bitcoin ETFs recorded $74.57 million in net inflows on November 4, according to SoSoValue, reversing three consecutive sessions of outflows during which investors withdrew approximately $1.16 billion. Fidelity's FBTC led the activity with roughly $237 million in inflows. BlackRock's IBIT, however, recorded approximately $201.24 million in withdrawals, pointing to uneven positioning across major issuers.
Spot Ether ETFs also turned positive, attracting $53.02 million and ending five consecutive trading days of withdrawals. Combined, the Bitcoin and Ether products recorded $127.59 million in net inflows. Per SoSoValue, total net assets across U.S. spot Bitcoin ETFs stood at approximately $102.26 billion, with cumulative net inflows of $56.54 billion.
On the technical side, the article describes Bitcoin's structure as relatively neutral. At the time of the November 5 assessment, BTC traded around $80,355 with a daily Relative Strength Index near 50.2. Immediate resistance sits near $81,128 and support near $79,746. Some moving averages and oscillators show bullish signals, while the broader trend remains sideways.
Crypto analyst Crypto Patel has identified a potential cup-and-handle formation on Bitcoin's higher-timeframe chart, with a projected target of $363,000 following a confirmed breakout. The article stresses that this is a long-term technical projection rather than an immediate price expectation, and that the handle is still developing and the breakout is unconfirmed.
The near-term outlook depends on whether ETF inflows persist and whether buyers clear the $81,128 resistance. The article notes that a single session of inflows cannot confirm a sustained recovery in institutional sentiment.
Spot Ether ETFs also turned positive, attracting $53.02 million and ending five consecutive trading days of withdrawals. Combined, the Bitcoin and Ether products recorded $127.59 million in net inflows. Per SoSoValue, total net assets across U.S. spot Bitcoin ETFs stood at approximately $102.26 billion, with cumulative net inflows of $56.54 billion.
On the technical side, the article describes Bitcoin's structure as relatively neutral. At the time of the November 5 assessment, BTC traded around $80,355 with a daily Relative Strength Index near 50.2. Immediate resistance sits near $81,128 and support near $79,746. Some moving averages and oscillators show bullish signals, while the broader trend remains sideways.
Crypto analyst Crypto Patel has identified a potential cup-and-handle formation on Bitcoin's higher-timeframe chart, with a projected target of $363,000 following a confirmed breakout. The article stresses that this is a long-term technical projection rather than an immediate price expectation, and that the handle is still developing and the breakout is unconfirmed.
The near-term outlook depends on whether ETF inflows persist and whether buyers clear the $81,128 resistance. The article notes that a single session of inflows cannot confirm a sustained recovery in institutional sentiment.
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