Cardano risks sliding to $0.156 as losses extend to sixth week
Cardano trades near $0.171, extending losses toward a sixth week, with support at $0.156 and bearish signals from derivatives and on-chain data.
US spot crypto ETFs lost $1.48 billion from Nov 4-10, while 10 major stock ETFs drew $37.5 billion. Bitcoin and Ethereum ETFs saw inflows only on Nov 4.
Between November 4 and 10, US spot crypto ETFs shed $1.48 billion. Over that same five-day trading period, ten major US stock ETFs attracted $37.5 billion.
Following the S&P 500's steepest single-day decline since April 2025 on November 5, stock fund investors started buying again. Crypto fund investors, however, continued to redeem shares, removing a consistent demand driver for crypto prices.
The Vanguard S&P 500 ETF (VOO) set the pace with $16.9 billion in inflows over the five-day span. The Invesco Nasdaq 100 fund (QQQ) came in second with $5.3 billion.
Leveraged funds also attracted capital. The triple-leveraged semiconductor fund SOXL saw $2.1 billion in inflows. That purchasing followed a US tech selloff that erased approximately $3 trillion in value on November 5.
Over the same period, crypto ETFs moved in the opposite direction.
According to SoSoValue data, spot ETFs that monitor six major crypto assets all recorded net outflows during that window.
Bitcoin (BTC) funds recorded $1.06 billion in outflows, and Ethereum (ETH) funds saw $326 million exit. Solana (SOL), XRP (XRP), Hyperliquid (HYPE), and Zcash (ZEC) funds together lost $89.4 million.
Bitcoin and Ethereum ETFs only recorded inflows on November 4, a day marked by post-midterm gains. Following that, the BlackRock-led Bitcoin ETF saw outflows extend to a fifth consecutive day on November 11.
Solana ETFs have not seen a single day of inflows since October 21.
Year-to-date through November 11, Bitcoin and Ethereum ETFs have posted a combined $2.25 billion in outflows. In contrast, the four altcoin ETF groups are still in positive territory at $1.75 billion, though two of them only launched this year.
These withdrawals coincided with sharp price drops for the same assets over the previous week.
BeInCrypto Markets data shows Bitcoin traded at $68,439, a 9.93% decline over the seven-day period.
Ethereum slid 14.26% to $1,924.99. XRP declined 15.77% to $1.02, and Solana dropped 12.08% to $78.99.
Zcash recorded the largest weekly decline among the group, falling 28.56% to $933.94. The total crypto market capitalization decreased 8.67% over the last 24 hours to $2.30 trillion.
Bitcoin has already fallen below its 200-day moving average. According to BeInCrypto analysis, $67,000 is the next support level to watch.
Traders have fully priced in a Federal Reserve rate hike for December following hotter-than-expected October inflation data.
A resumption of daily ETF inflows would be the strongest signal that crypto funds are attracting buyers again. However, if Bitcoin falls below $67,000, the string of outflows could continue.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Cardano trades near $0.171, extending losses toward a sixth week, with support at $0.156 and bearish signals from derivatives and on-chain data.
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