Key Takeaways
- • BlackRock's IBIT spot Bitcoin ETF recorded a net outflow of $104.97 million on November 5, 2026, according to SosoValue data cited by U.Today.
- • U.Today characterized the outflow as BlackRock's fifth consecutive day of reported Bitcoin selling, with IBIT logging its fourth negative trading session of the week.
- • Bitcoin fell from above $80,000 to $75,114 within 24 hours, and was trading at $76,066 on November 6 per CoinGecko, down 5.25% over 24 hours.
- • BTC was holding near its 50-week simple moving average of $75,733, a level Cointelegraph identified as a key reference point.
- • The IBIT outflow coincided with a broader risk-asset sell-off, with the S&P 500 down 4.4%, the Nasdaq Composite down 5.5%, and South Korea's KOSPI closing 6% lower.
Summary
BlackRock's iShares Bitcoin Trust (IBIT), the firm's spot Bitcoin exchange-traded fund, recorded a net outflow of $104.97 million on November 5, 2026, according to SosoValue data cited by U.Today. The report stated that BlackRock had not recorded a new Bitcoin purchase during November up to that point. U.Today described the session as the fifth consecutive day of reported Bitcoin selling by BlackRock, continuing a streak that began in late October. The same report noted that IBIT had recorded its fourth negative trading session of the week; the two figures refer to different measures, the five-day selling streak and the four negative flow days within that week.
The outflow followed a sharp downturn in Bitcoin. According to the report, BTC reached a high above $80,000 before falling to $75,114 within a single day, a reversal that weakened expectations for an early-November recovery. CoinGecko data fetched on November 6 showed BTC at $76,066, down 5.25% over 24 hours, with roughly $45.3 billion in 24-hour trading volume. Cointelegraph reported that Bitcoin was trading near its 50-week simple moving average of $75,733 on November 6, a level that has become a reference point as BTC held above $75,000 following the previous day's broader sell-off.
The decline coincided with a wider retreat in risk assets. Bitcoin fell as much as 6.6% on Thursday, while U.S. technology stocks also declined, with the S&P 500 closing 4.4% lower and the Nasdaq Composite falling 5.5%. In Asia, South Korea's KOSPI dropped more than 8% shortly after opening, triggering a 20-minute trading halt, before closing 6% lower at 5,059.69 points.
Going forward, institutional observers will watch whether IBIT's five-day selling streak continues or breaks in upcoming ETF flow sessions. Bitcoin's ability to hold above the $75,000 area and its 50-week average will also be closely monitored, alongside its response to continued volatility in technology equities and global markets.
The outflow followed a sharp downturn in Bitcoin. According to the report, BTC reached a high above $80,000 before falling to $75,114 within a single day, a reversal that weakened expectations for an early-November recovery. CoinGecko data fetched on November 6 showed BTC at $76,066, down 5.25% over 24 hours, with roughly $45.3 billion in 24-hour trading volume. Cointelegraph reported that Bitcoin was trading near its 50-week simple moving average of $75,733 on November 6, a level that has become a reference point as BTC held above $75,000 following the previous day's broader sell-off.
The decline coincided with a wider retreat in risk assets. Bitcoin fell as much as 6.6% on Thursday, while U.S. technology stocks also declined, with the S&P 500 closing 4.4% lower and the Nasdaq Composite falling 5.5%. In Asia, South Korea's KOSPI dropped more than 8% shortly after opening, triggering a 20-minute trading halt, before closing 6% lower at 5,059.69 points.
Going forward, institutional observers will watch whether IBIT's five-day selling streak continues or breaks in upcoming ETF flow sessions. Bitcoin's ability to hold above the $75,000 area and its 50-week average will also be closely monitored, alongside its response to continued volatility in technology equities and global markets.
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