Bitcoin ETFs have been experiencing consistent withdrawals since October 29th, totaling over $2.05 billion. On November 5th alone, an additional $137 million was withdrawn from the market, bringing the total amount outflows to more than $2.05 billion. This follows a sharp decline in Bitcoin’s price, which has fallen by 5% in the last week and dropped below $98,000 before recovering slightly. Traders are hedging against further declines, expecting a potential drop to $80,000. 6 consecutive days of constant outflows highlight continued bearish sentiment in the market. 137 million dollars were withdrawn from Bitcoin ETFs on November 5th alone. 2.05 Billion dollars have been withdrawn since the start of this withdrawal trend. This decline in price has led to a slowdown in trading activity, with only half of the 12 Bitcoin ETF issuers seeing any significant activity that day. While some ETFs saw inflows, particularly Fidelity’s FBTC, these were not enough to offset the substantial outflows from BlackRock’s iShares Bitcoin Trust (IBIT). The cryptocurrency has lost over 18% since reaching its all-time high in October, creating a volatile market environment as traders wait for a reversal. Market observers believe that this downturn is a result of macroeconomic pressures, particularly comments made by Federal Reserve Chair Jerome Powell. The resulting uncertainty in the market has fueled concerns about a potential negative feedback loop, where ETF outflows push prices lower, triggering even more withdrawals. This cycle suggests that Bitcoin is facing a difficult period to regain stability amid growing market uncertainty.