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U.S. spot Bitcoin ETFs see $969M outflows amid 70 days of negative Coinbase premium, signaling market correction.

Market News
12 Nov 2026, 03:17 WIB
Tokenpost
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Bearish
U.S. spot Bitcoin ETFs see $969M outflows amid 70 days of negative Coinbase premium, signaling market correction.

U.S. spot Bitcoin ETFs experienced $969 million in outflows over five trading days, coinciding with the Coinbase premium remaining negative for 70 consecutive days. This combination indicates weak demand in the U.S. spot market and supports the view of a continuing market correction. The ETF-flow measure also fell by $766 million over the past week, a level seen on only 15% of trading days in the past year. Analyst Axel Adler Jr. suggests that the market outlook would improve if both ETF flows and spot demand turn positive.

Bitcoin ETFs and Coinbase premium trends provide context as of Nov 12, 2026 07:32 WIB. For readers following cryptocurrency markets, here is Pluang's market snapshot: out of 50 major cryptocurrencies priced on Pluang, 18 rose and 31 fell today. Notable movers include BAT at Rp2.123 with a 1-day change of -4.33% and a typical hold time of 94 days, COTI at Rp165 down 3.73% with 88% sell order activity, and ENJ at Rp412 down 3.58%.

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