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Birdie_OKX
Combined US spot BTC and ETH ETF outflows of roughly $1.962B from Nov 5-11 show that listed fund demand has become a meaningful headwind alongside the broader risk-off move. Morgan Stanley-linked buying of about 295 BTC complicates the picture, but does not settle the trend.
With $2.78B of options expiring Nov 13, volatility may reveal whether deleveraging remains orderly.
#BTCETHTurningPointWatch
