Bitcoin Holds Near $76,000 as US Spot ETFs Bleed $1.12 Billion Over Seven Days and 2026 Balance Turns Negative

Bitcoin was trading at roughly $75,969 on November 6, down 5.54% and pinned just above the $75,000 pivot, which also coincided with the lower Bollinger band at $75,085. Buyers absorbed a brief dip below that level, but the price has now traded below the global Coinbase reference price for 61 consecutive days, a signal of persistent selling pressure in U.S. markets.

The dominant story behind the price weakness is a sustained exodus from U.S. spot Bitcoin ETFs. Net outflows reached $869.8 million across four trading days in November, including a single session that accounted for $430.2 million. Over the broader seven-day period through November 5, Bitcoin ETFs shed a net 14,117 BTC, bringing total seven-day net outflows to $1.12 billion and pushing the cumulative 2026 ETF balance back below zero. Ether ETFs fared somewhat better over the same window, posting roughly $423 million in seven-day net outflows, equivalent to 177,044 ETH, less than half the dollar total for Bitcoin. In a brief reversal on November 6, U.S. Bitcoin ETFs added a net 208 BTC and Ether funds took in 16,825 ETH, though those flows were modest against the broader trend.

Forced selling added to intraday volatility, with Bitcoin long liquidations hitting $19.07 million in a single hour across major exchanges, part of a $19.55 million three-exchange total during a 1.02% hourly decline. The price briefly reclaimed $76,044 at 5:06 p.m. ET on Friday before retreating.

Separately, Elliptic reported on November 6 that hackers behind the $6.43 billion Binance theft converted $124 million in stolen altcoins into Bitcoin. The swaps were conducted as Binance simultaneously reopened its withdrawal function to customers, raising concern that the conversion could add additional selling pressure to an already stressed market.