• Bitcoin is now trading around $103,000, in consolidation after a bullish move.
• Analyst Crypto Rover observes a $558M ETF outflow, third third-largest drop in history
• Charts from SoSoValue confirm the movement; also, Bitcoin dominance still stays near 59%, reflecting its market strength despite the drops.

According to the recent update on X by the analyst Crypto Rover, the BTC exchange-traded fund has witnessed one of the largest single-day outflows in its history. it recorded $558 M in redemptions according to the data shared by the analyst.

“For Bitcoin to stay bullish, this needs to flip green again. Narratives around ETFs and Treasury adoption need to return.”

This increase in outflows shows short-term investor caution even after the BTC price easily climbed near $103,000.

$558 Million NOV-7 The Largest outflow In History

According to the data curated from SoSoValue, it shows $558m outflow on Nov 7, which marked the third largest in ETF history. The chart demonstrates the red spikes that show the $558M withdrawals. This emphasizes how institutional sentiment shifted after weeks of positive inflows. The cumulative net inflows since ETF approvals earlier this year have stayed very strongly positive. They suggest long-term investor confidence is intact.

BTC Holds Above $103,000

The latest outflows were primarily led by older funds such as Grayscale’s GBTC, which continues to face redemptions as investors and traders rotate into lower-fee options like BlackRock’s IBIT and Fidelity’s FBTC.

Even though the institutional short-term data point to outflows, analysts still see profit-taking and portfolio rebalancing rather than a loss of confidence in BTC.

Exchange Outflows Reflect Market Behaviour

According to the Data from CoinGlass, there has been a steady rise in Bitcoin outflows from exchanges. The red bars dominate the chart, showing signals that investors are moving BTC off exchanges, easing short-term selling pressure. Despite small inflow spikes, the trend points to holding sentiment, as Bitcoin remains stable above $103,000.

Also Read: Bitcoin Holds Strong as Tether Added 961 BTC to Fuel Future Growth

Bitcoin Dominance Sits At 59%

According to the Chart from CoinMarketCap, BTC dominance delivers a continued market leadership that captures nearly 59% of the total crypto market capitalization. The resilience shows that even in ETF withdrawals, BTC remains the institutional anchor of the digital asset market, surpassing altcoins both in its liquidity and in adoption.

In conclusion, the $558 million outflow marks one of the largest in ETF history. This seems to be a rotation phase rather than a reversal. ETF remains the backbone of institutional support, and the net inflows for 2025 continue to show positive vibes.

With Bitcoin bouncing above $103,000 and dominance increasing, the market narrative signalling for short-term volatility and long-term conviction.

BTC’s ETF outflows created headlines, but the broader trend reflects a maturing market. A market where institutional investments strategically move rather than emotion. Even as redemptions increase, BTC continues to maintain its dominance, maintaining its position as the cornerstone of the crypto market.

Also Read: Zcash Outperforms Bitcoin with 248% Monthly Rally and $6.5 Billion Valuation