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Bitcoin wallets drop as retail investors exit, while smart money buys amid ETF outflows.

Market News
10 Nov 2026, 10:41 WIB
BeInCrypto
View Source
Neutral
Bitcoin wallets drop as retail investors exit, while smart money buys amid ETF outflows.

Since mid-October, Bitcoin has seen a decline of about 109,000 non-empty wallets, indicating retail investors are leaving the market. Meanwhile, smart money wallets holding 1 to 100 BTC have added over 14,200 BTC in the past two weeks, showing confidence among larger holders. However, Wall Street's spot Bitcoin ETFs have experienced significant outflows, losing $2.13 billion over seven trading days, which outweighs the smart money's purchases. The price of Bitcoin is currently around $74,500, below the recent average buying cost, and its ability to hold above $75,000 will be critical for market stability. A rebound above $78,000 to $80,000 could signal exhaustion of sellers and strengthen the bullish case, but risks remain if prices fall below recent lows and smart money starts selling.

Bitcoin trades at Rp1.344.237.891 on Pluang as of Nov 10, 2026 16:02 WIB, down 0.38% in one day. Market activity shows 77% of orders are buys, reflecting ongoing interest despite wallet declines. Typical holding time on Pluang is 113 days, indicating medium-term investor commitment.

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