Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two times the ETFs saw outflows of over $400 million was on Nov. 4 ($541.1 million), just prior to the U.S. election, and May 1 ($563.7 million). On Nov. 4, bitcoin bottomed around $67,000 before going on a tear all the way to over $93,000. While the May low coincide with a bottom at just under $60,000.
Source: https://www.coindesk.com/markets/2024/11/15/bitcoin-etfs-witness-third-highest-outflow-since-launch-the-other-two-times-foreshadowed-price-bottoms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines