Bitcoin traded near $75,700 on Saturday, on course for a fifth consecutive weekly loss, after U.S. spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the week to November 6 — their largest weekly exit since June.
Summary
- Bitcoin traded at $75,729 on Coinbase on Saturday afternoon, down 3.2% from Monday’s open of $78,232.
- U.S. spot Bitcoin ETFs lost a net $1.28 billion across the November 2–6 trading week, the largest weekly outflow since the week of June 22.
- BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $1.21 billion of the week’s outflows, including $403 million on Friday alone.
- Spot Ether ETFs lost $365.2 million over the week, taking combined Bitcoin and Ether ETF outflows to about $1.65 billion.
- A stronger-than-expected U.S. jobs report — 165,000 jobs added in October — lifted expectations that the Federal Reserve could raise interest rates in December.
- The Crypto Fear & Greed Index stood at 25 on Saturday, a level its publisher classifies as “Extreme Fear.”
A week of steady selling
Spot Bitcoin ETFs recorded net outflows on four of the five trading days, according to data from SoSoValue analysed by The Block. Only Wednesday, with a $74.6 million inflow, was positive. The heaviest single-day exits came on Thursday, with $430.2 million leaving the funds, and Friday, with $411.9 million.
BlackRock’s IBIT drove almost all of the selling. The fund posted outflows in every session of the week and has now recorded six straight sessions of outflows since October 30. Fidelity’s FBTC moved the other way, taking in $42.8 million on Friday and $93.1 million across the week.
The weekly total pushed the U.S. spot Bitcoin ETF group into net outflows of about $914 million for 2026 so far, according to The Block’s analysis. The funds entered the week with about $368 million in net inflows for the year, after turning positive in late September. Total holdings across the 12 tracked funds fell 2.3% to $95.9 billion.
Jobs report adds to the pressure
The selling came in a week shaped by two forces: a sharp sell-off in technology shares and a U.S. jobs report that came in far stronger than expected.
The Bureau of Labor Statistics said nonfarm payroll employment rose by 165,000 in October, against forecasts of roughly 65,000, while the unemployment rate held at 4.1%, Crypto Times reported. The report lifted expectations of a Federal Reserve rate increase in December.
Bitcoin fell to $74,722 on Coinbase on Friday, its lowest price since August 21, before recovering. Stocks bounced back on Friday — the Nasdaq recovered part of Thursday’s slide — but Bitcoin stayed flat near $75,700 and did not follow the rally, according to Bitcoin Insider.
Ether funds extend their losing run
Spot Ether ETFs lost $365.2 million over the week, their sixth consecutive week of outflows, led by BlackRock’s ETHA, which accounted for $90.8 million of Friday’s $93.2 million outflow. Ether traded near $2,240 on Saturday.
Combined outflows from the Bitcoin and Ether fund groups reached more than $500 million on Friday alone, and about $1.65 billion across the week, crypto.news reported.
A key level to watch
In a November 7 post, market commentator Max Crypto identified the 50-week moving average as the key level to watch. His chart placed the average at $75,561.73.
What comes next
The week ends at Sunday’s close. A rally of more than 3% on Sunday would be needed for Bitcoin to end the week above Monday’s $78,232 open and break the losing run.
The next U.S. jobs report is due on December 4, and the Federal Reserve’s rate decision follows on December 8–9.
