Bitcoin price prediction: IBIT logs outflows for an 11th straight session

US spot bitcoin ETFs lost money for the seventh session in a row on Friday, November 13: net outflows of $185.4 million, according to data from Farside Investors. That is less than on the two previous days, but the direction has not changed. The bitcoin price stood at around $67,200 on Saturday morning at about 10:50, according to CoinGecko, roughly €61,100. For the bitcoin price prediction over the coming days, one question is central: will redemptions at the big funds stop, or will issuers keep selling bitcoin into the market week after week?

The short answer: as long as the outflows continue, the market lacks the biggest buyer of the past two years. If the streak breaks, it would be the first good news since early November. The next flow data will only arrive after the weekend, because US funds do not trade on Saturdays and Sundays.

Bitcoin price on Saturday: $67,200 and a Fear and Greed Index of 13

Bitcoin has steadied slightly after the overnight slide, but there is no sign of a recovery. Over the past 24 hours the range ran from around $66,500 to $70,000, according to CoinGecko. Over seven days the cryptocurrency is down almost 12 percent, over 30 days nearly 18 percent. That leaves it around 47 percent below its record high of $126,080, reached on October 6, 2025.

Sentiment matches the numbers. The alternative.me Fear and Greed Index stood at 13 points on Saturday, after 20 on Friday and 28 on Thursday. The index is a sentiment gauge that condenses volatility, trading volume, bitcoin's market share and other factors into a value between 0 and 100. Readings below 25 count as extreme fear. It is not a buy-signal machine: it describes how the market feels, not where it goes next.

Bitcoin ETF outflows: $185.4 million on Friday, seven days in a row

A spot bitcoin ETF is an exchange-traded fund that buys and holds actual bitcoin. When new investors come in, the issuer has to buy more bitcoin. When investors redeem their shares, it sells bitcoin or hands it over to trading partners. That is why daily net flows are seen as one of the most important indicators of demand from the US.

This week's figures show how stubborn the selling is. According to Farside data, compiled among others by GNcrypto on Saturday, the funds lost $299.8 million on Wednesday, $284.1 million on Thursday and $185.4 million on Friday. From Monday, November 9, to Friday, redemptions added up to around $1.07 billion. The week before had already seen about $1.28 billion. Together that is roughly $2.35 billion pulled from US spot bitcoin ETFs in two weeks.

Since November 5 there has not been a single trading day with net inflows. Over these seven sessions, outflows total around $1.71 billion. According to GNcrypto, the week to November 13 was the largest weekly outflow since the end of June.

IBIT outflow streak: BlackRock's fund accounts for about 90 percent of November redemptions

BlackRock's iShares Bitcoin Trust, traded under the ticker IBIT, is by far the largest bitcoin ETF. It recorded outflows of $143.5 million on Friday, its eleventh straight session of net redemptions. The Fidelity Wise Origin Bitcoin Fund (FBTC) accounted for $41.9 million on the same day. Between them, the two funds explain almost all of Friday's outflow.

In November, IBIT has lost around $2.12 billion according to the compiled Farside data, about $1.21 billion in the first week of the month and around $908 million in the second. That is roughly 90 percent of all net redemptions across US spot bitcoin ETFs this month. The selling is therefore concentrated in the fund through which large asset managers and pension funds typically invest.

Anyone weighing the outflows should keep two things apart. First, the funds do not publish the reasons for individual redemptions. Market observers cite profit-taking, risk reduction and interest rates, but none of that is proven in any single case. Second, the outflows are shrinking day by day. $299.8 million, then $284.1 million, then $185.4 million is a streak losing force, not one that is accelerating.

Why ETF redemptions weigh on the bitcoin price

An ETF outflow is more than a sentiment signal; it has a direct effect on supply. When an institutional investor redeems IBIT shares, a so-called authorized participant, an approved trading partner of the fund, cancels the shares. In return, the fund delivers or sells bitcoin. Some of those coins end up on the open market, where sellers already outnumber buyers.

For long stretches of 2024 and 2025 this mechanism ran the other way: inflows forced issuers to buy and supported the price. If that buyer disappears, or even turns seller, another group has to fill the gap. That could be retail investors, companies with bitcoin on their balance sheets or traders betting on a rebound. So far their demand is evidently not enough.

Bitcoin price prediction: two scenarios that hinge on ETF flows

At the weekend, a serious bitcoin price prediction can only speak in conditions, not in dated price targets. Based on the available figures, two paths are emerging. Both are assessments by the editorial team, not forecasts.

Stabilisation scenario: the outflow streak breaks

If Farside reports a day of net inflows again on Monday or Tuesday, the run of seven negative days would be over. One argument for this is that daily outflows have fallen by almost 40 percent since Wednesday. A single day of inflows would not reverse the trend on its own, but it would show that large buyers are stepping back in at prices around $67,000. In that case the $70,000 mark comes into view as the first hurdle.

Continuation scenario: IBIT keeps losing money

If outflows from IBIT persist and the bitcoin price drops below the 24-hour low of around $66,500, last night's support is gone. With the Fear and Greed Index at extreme fear, such moves can be amplified by liquidations of leveraged positions. A liquidation is the forced sale of a position funded with borrowed money once the posted collateral no longer covers it.

Bitcoin levels: $66,500 below, $70,000 above

For the coming days, the data point to two zones that traders are watching. The first is the low of the past 24 hours at around $66,500, where the price turned overnight into Saturday. The second is $70,000, the high of the same range and a round number that attracts many sell orders.

The gap between the two levels is just over 5 percent. For bitcoin in a phase of fear, that is narrow. A breakout in either direction is therefore possible at any time, especially at the weekend, when trading volumes are thinner and US funds are idle. If you use stop orders, factor in that lower liquidity: a stop just below a closely watched level is triggered more easily in thin markets.

If you want to buy bitcoin directly in this situation or sell part of a position, you need an exchange with tight spreads and fast withdrawals. Our comparison of the best crypto exchanges gives an overview of fees and licensing.

Bitcoin ETFs in Europe: retail investors turn to ETNs and crypto exchanges

Retail investors in the EU generally cannot buy US spot ETFs such as IBIT or FBTC directly. The funds lack the key information document required under EU law, which is why most European brokers do not offer them. Anyone who wants bitcoin exposure through a brokerage account turns instead to exchange-traded products from Europe, usually ETNs or ETPs. An ETN is a debt security whose value is linked to the bitcoin price; many of these products are backed by actual coins.

Which products are available, what they cost and how they differ is covered in our guide to buying crypto ETFs. If you would rather hold bitcoin next to shares in the same account, look at the order fee per trade when choosing a broker and check whether the product is physically backed by bitcoin.

One point matters for reading the US figures: flows at the American funds move the global market price, and therefore the price at which you buy or sell in Europe as well. Whether you invest via a crypto exchange or an ETN makes no difference to that. What differs is cost, custody and tax.

Leverage, taxes and custody when bitcoin sells off

In a falling market gripped by extreme fear, three points decide the outcome more than picking the right day to buy.

Leverage: futures and other leveraged products multiply gains and losses. With 10x leverage, a move of around 10 percent against the position is enough to wipe out the collateral. Bitcoin has lost almost 12 percent over the past seven days. If you trade, work out the liquidation price before opening a position and only commit an amount whose total loss you can bear.

Taxes: how gains and losses on bitcoin are taxed depends on the country you live in, and the rules for coins held directly often differ from those for ETNs in a brokerage account. Tax tools make it easier to keep track of purchase dates and costs.

Custody: if you buy on a platform, check whether it holds a licence under the EU's Markets in Crypto-Assets Regulation, MiCA. In periods of high volatility, exchanges occasionally delay withdrawals, so larger holdings are safer in a wallet of your own.

Bitcoin ETF flows: the next figure lands overnight into Tuesday

US funds are idle at the weekend, so the bitcoin price is moving without its largest institutional buyer. Flow data for Monday, November 16, will be available after the US market close, which in Europe means overnight into Tuesday. Until then, the levels at $66,500 and $70,000 set the frame. If you want to trade, take these three steps:

1. Sort out access: you can invest in bitcoin directly through an exchange with a MiCA licence. Our comparison of regulated crypto exchanges shows the options.
2. Limit leverage: if you use derivatives to bet on the next move, compare the fees, funding and liquidation rules of the venues. Our comparison of the best perp DEXs provides an overview.
3. Record your purchases: note the purchase date and price of each tranche so you can document them later for your tax return. Crypto tax software and portfolio trackers help with this.

(As of November 14, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)