Spot Bitcoin ETFs experienced their most significant weekly withdrawal since June, with investors pulling a total of $1.28 billion from the products, effectively pushing net flows for the year 2026 into negative territory. This sharp decline in institutional demand coincides with a broader market retreat, as major assets like Bitcoin and Ether face sustained downward pressure, liquidations, and heightened anxiety regarding the security of centralized platforms.
Why are Bitcoin and Ether prices facing downward pressure?
The cryptocurrency market is grappling with a confluence of negative indicators, led by a $6 billion hack on Binance that has rattled investor confidence in Bitcoin and Ether. Bitcoin is currently heading toward its fifth consecutive losing week, with prices hovering near the $75,000 to $76,000 range. While some analysts observed a brief surge toward an $80,000 high, the asset has struggled to maintain momentum, with forecasts suggesting that if critical support levels are breached, the price of Bitcoin risks a further decline toward $60,000. Ether has similarly suffered, marking its sixth consecutive week of ETF outflows while its price hovers near €2,000.
Bitcoin ETFs have officially flipped to negative for the year 2026 following a $1.28 billion weekly outflow, representing the worst performance for the sector since June.
What is the impact of current market liquidations?
Market liquidations have hit leveraged traders across multiple digital assets, causing rapid volatility and significant financial losses. Pluang reports that Bitcoin long positions recently saw $16.11 million in liquidations within a single hour, while Ether longs suffered $44.69 million in liquidations as price action turned unfavorable. XRP has also been caught in the crossfire, with reports of a 3,090% liquidation imbalance and $9.57 million in liquidations largely impacting long positions. Other assets, such as Zcash, have experienced downward movement of 7.4% following broader market stagnation and institutional divestment.
Is Wall Street cooling on cryptocurrency investments?
Institutional interest appears to be wavering as weekly outflow figures paint a bleak picture for crypto-linked financial products. Data from 24/7 Wall St. highlights that XRP ETFs recorded zero inflows for the week, raising questions among analysts about whether Wall Street firms are slowing their adoption of crypto-assets heading into the end of 2026. Despite these outflows, some market actors remain active; for instance, the Chainlink Reserve notably purchased 94,500 LINK tokens even as U.S.-based ETFs faced consistent withdrawal pressure. The combination of sustained ETF outflows and intense liquidation events suggests a cautious environment for both institutional and retail participants in the near term.
Market Snapshot
| Asset | Price | 24h | Market Cap |
|---|---|---|---|
 Bitcoin BTC | $76,060 | +0.35% | $1529.5B |
 Ethereum ETH | $2,242 | +0.14% | $273.9B |
 BNB BNB | $698.49 | +0.61% | $91.9B |
 XRP XRP | $1.17 | +0.64% | $74.2B |
 Solana SOL | $89.72 | +0.06% | $53.0B |
 Dogecoin DOGE | $0.0714 | -0.34% | $11.2B |
 Cardano ADA | $0.181 | -0.78% | $6.8B |
Live data: CoinGecko — 2026-11-08 13:20 UTC
