CryptoMediumUpdated×2•Originally published 9 November 2026•Updated 10 November 2026•
1 min read
Record IBIT Outflows as Bitcoin Breaks Below 50-Week Moving Average
Key Facts
1BlackRock's IBIT fund saw net outflows of $1.21 billion during the past week.
2These weekly outflows are the largest for Bitcoin ETFs since late June.
BlackRock's IBIT fund recorded net outflows of $1.21 billion during the past week. Cointelegraph reported that these weekly outflows are the largest for Bitcoin ETFs since late June.
Bitcoin closed near the $74,000 level, falling below its 50-week moving average of approximately $75,500. Shares of BlackRock closed at $1178.87 on November 6, 2026, after hitting a session low of $1155.52.
Latest Updates · 1
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Update: Bitcoin closed the week below its 50-week moving average for the first time since September 2026. Galaxy Research reported that this move initiates a month-long test for the cryptocurrency to regain that technical level.