ETF Outflows and Panic Selling Fuel Market Downturn
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Beyond macro headwinds, Bitcoin was hammered by weakening institutional demand.
U.S. Bitcoin ETFs saw $3.48 billion in outflows in November — the second-largest monthly outflow since ETFs launched in 2024.Meanwhile, short-term holder capitulation accelerated sharply.
Glassnode reported realized losses hitting $427M per day, the highest level since November 2022.
This wasn’t long-term holders distributing — it was pure reactive panic selling, pushing BTC to a seven-month low. -
Heavy ETF outflows triggered panic, speeding up the market decline.
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The downturn shows how sensitive investors are to ETF-driven moves.