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Bitcoin price slips below $76K as ETF outflows and tech sell-off weigh on market

06 Nov 2026, 14:56 WIB
Blockonomi
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Bearish
Bitcoin price slips below $76K as ETF outflows and tech sell-off weigh on market

Bitcoin's price fell below $76,000 after a failed rebound above $80,000, driven by weak spot demand and significant outflows from US Bitcoin and Ether ETFs totaling $530.1 million on November 5. Large Bitcoin holders showed some accumulation, but increased retail deposits into Binance suggested selling pressure, complicating the market outlook. The broader tech sector also suffered, with the Nasdaq Composite dropping 5.5% amid concerns over AI regulation, adding to the risk-off sentiment. Investors now await the October US employment report for further market direction.

Bitcoin price movements provide context for readers, with Pluang market data as of Nov 06, 2026 19:01 WIB showing broad declines among major cryptocurrencies. Of 50 priced assets, only 4 rose while 45 fell. Notable movers include ONE (Harmony) up 25.88% at Rp26 with 84% sell orders, XTZ (Tezos) down 12.77% at Rp4.631, and BAL (Balancer) up 11.14% at Rp16.297. The largest single-day gain was ONE's 25.88%.

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