Bitcoin ETFs are experiencing record redemptions in November, with outflows nearing $3 billion — the worst month on record — as investor confidence wanes amid volatile market conditions. Despite Bitcoin’s traditional seasonal strength during this period, recent selling pressure highlights ongoing uncertainty within the cryptocurrency markets. BlackRock’s flagship iShares Bitcoin Trust (IBIT) witnessed its largest single-day redemption since its launch in early 2024, with a staggering $523 million withdrawn last Tuesday alone. This trend reflects a growing disconnect between market sentiment and historical patterns, particularly as November typically sees strong bullish trends for Bitcoin.