Bitcoin ETF flows have now been damaging for seven straight buying and selling periods. From Nov. 5 via Nov. 13, traders pulled a internet $1.91 billion from U.S. spot Bitcoin funds, in response to each day information compiled by Farside Traders.
That run will not be uncommon, however it’s lengthy. Because the funds launched in January 2024, there have been 9 different stretches of six or extra pink periods in a row. Taking a look at what Bitcoin did after every of them offers a clearer image than any single day of headlines.
The quick model: the report is combined, and it leans constructive. Bitcoin traded greater 90 days later after six of these 9 streaks.
Seven Periods, $1.91 Billion Out
The final influx day was Nov. 4, when the funds took in a internet $74.6 million. Each session since has closed within the pink.
The heaviest days got here first. Nov. 5 misplaced $430.2 million and Nov. 6 misplaced $411.9 million. The next week was steadier however nonetheless damaging: $201.0 million out on Monday, $95.0 million on Tuesday, $299.8 million on Wednesday, $284.1 million on Thursday and $185.4 million on Friday.
BlackRock’s iShares Bitcoin Belief (IBIT) did a lot of the promoting. It accounted for $1.42 billion, or about 74%, of the seven-day whole.
Not each fund adopted. Morgan Stanley’s MSBT took in cash on 4 of the seven days, including $54.4 million, a sample we flagged once we checked out MSBT’s near-perfect influx report earlier this month.
How Large Is This in Context?
For the month thus far, internet Bitcoin ETF flows stand at minus $2.35 billion, constructing on the image in our earlier November move evaluation.
In opposition to the total historical past, although, the exits are modest. Farside’s working whole exhibits the U.S. spot funds nonetheless maintain $54.70 billion in cumulative internet inflows since launch. Influx days have additionally outnumbered outflow days, 421 to 293.
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The worth backdrop issues too. Bitcoin closed at $80,428 on Coinbase on Nov. 4 and at $68,237 on Nov. 13, a 15.2% drop over the streak. It closed Nov. 14 at $64,119.
That sequence is typical. In seven of the 9 earlier streaks, Bitcoin fell whereas the cash was leaving. ETF holders have tended to promote into weak point slightly than forward of it.
What Adopted the 9 Earlier Streaks?
We measured Bitcoin’s each day shut on the final day of every earlier streak towards its shut 90 calendar days later, utilizing Coinbase costs.
- Might 2024 (7 days): up 9.4%
- February 2025 (8 days): up 27.4%
- March 2025 (7 days): up 33.0%
- April 2025 (7 days): up 39.2%
- August 2025 (6 days): down 26.0%
- November 2025 (6 days): down 27.2%
- December 2025 (7 days): down 24.3%
- June 2026 (13 days): up 20.9%
- July 2026 (10 days): up 39.5%
The median consequence was a 20.9% achieve. The common was a smaller 10.2% achieve, as a result of the three dropping circumstances had been steep.
Why the Two 2026 Streaks Stand Out
The closest parallels to at the moment are the 2 longest streaks on report, each from this 12 months.
The 13-session run from Might 15 to June 3 drained $4.36 billion, the most important streak within the information. Bitcoin fell 21.0% throughout it and ended at $64,040. Ninety days later it was at $77,399.
Two weeks after that, a 10-session streak from June 17 to July 1 eliminated one other $2.71 billion. Bitcoin completed that run at $59,961 and stood at $83,638 three months on, a 39.5% achieve.
In each circumstances, the streak ended with Bitcoin at or under $64,000, after a lot of the worth injury was already executed. We imagine that’s the most helpful lesson right here. Lengthy outflow streaks have usually marked drained sellers, not recent ones.
The Circumstances That Did Not Work
The three misses deserve equal consideration. All of them got here between August and December 2025, across the high of the final cycle, when Bitcoin was nonetheless buying and selling above $85,000.
In these episodes, outflows had been an early signal of a broader decline slightly than the top of 1. Bitcoin misplaced roughly 1 / 4 of its worth over the next three months every time.
Right this moment’s setup appears completely different on value alone. Bitcoin is way under these 2025 ranges, and the present streak started after a protracted slide that we coated in our have a look at Bitcoin’s five-week dropping run.
Nonetheless, 9 circumstances is a small pattern. Previous streaks don’t assure what occurs subsequent, and the present run is probably not over. U.S. markets reopen Monday, and one other pink session would prolong it to eight days.
What We Are Watching Subsequent
The primary signal of a flip can be a day of internet inflows, or a run of shrinking outflow days. IBIT is the fund to look at, because it has pushed most of November’s exits.
We’re additionally monitoring the place the promoting stops relative to cost. The 2026 streaks ended close to $60,000 to $64,000, near the place Bitcoin trades now.
We imagine the larger image stays intact. Greater than $54 billion of internet demand has stayed in these funds via a number of sharp corrections. Seven pink periods check that base, however they haven’t damaged it.
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