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Bitcoin Steadies as Whales Buy the Dip, ETF Flows Turn Positive Again

Key Takeaways

  • Bitcoin trades at $101,800, holding the key $100,000 support amid volatile intraday action between $100,000–$103,000. Total crypto market capitalization steadied at $3.41 trillion, marking the first stabilization after a volatile start to November.
  • Spot Bitcoin ETFs recorded $240 million in net inflows, breaking a six-day outflow streak; Ethereum ETFs added $12.51 million, and Solana ETFs maintained inflows of $29 million.
  • Onchain trackers noted a wallet associated with Tether’s BTC reserve withdrew 961 BTC ($97.18 million), a typical end-of-quarter accumulation move that often precedes market recoveries.
  • BTC whales added nearly 30,000 BTC this week, worth nearly $3 billion, while retail flows remain muted.
  • U.S. job cuts surged 175% YoY to 153,074 in October, the highest for any October since 2003, underscoring rising corporate caution.
  • Robinhood EU lists Bitcoin, signaling renewed retail access and regulatory confidence in the region.
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