Ah, the markets-a ballet of greed and folly, pirouetting on the edge of the abyss. On Thursday, the US spot Bitcoin ETFs performed their most dramatic plié yet, erasing a fleeting moment of hope like a candle snuffed by a winter wind. 🌬️ After a $75.4 million inflow on Wednesday, a mere whisper of optimism, the funds were pummeled by $903 million in redemptions-a record for November, a dagger in the heart of January 2024’s launch euphoria. Farside Investors, ever the somber chorus, confirmed the tragedy.
November, once a month of harvest, now threatens to be the cruelest of all, with $3.79 billion fleeing like rats from a sinking ship. 🚢💸 February’s record of $3.56 billion lies shattered, a relic of a time when hope still flickered. And who leads this danse macabre? None other than BlackRock’s IBIT, shedding $2.47 billion-a full 63
Fidelity Joins the Wailing Chorus
Not to be outdone, Fidelity’s FBTC weeps $1.09 billion in November, a mere $225.9 million this week. Together, these titans account for 91
Chris Burniske, Placeholder’s sage, intones: “The era of DAT selling has only begun.” ETFs and DATs, once the rocket fuel for Bitcoin’s ascent, now threaten to drag it into the abyss. 🚀➡️🕳️ DefiLlama’s data is a dirge: DAT inflows plummeted to $1.93 billion in October, an 82
And so, we stand at the precipice, the markets a mirror to our souls. Greed, fear, folly-all dance in this grand tragedy. Will Bitcoin rise again, or is this the final act? Only time, that merciless conductor, will tell. 🎼✨
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2025-11-21 12:34