Bitcoin Near 76,500 Dollars as ETF Investors Pull 398 Million in a Single Day
Bitcoin traded around 76,500 to 76,800 dollars on Tuesday, November 3, 2026, down nearly 2 percent in 24 hours. That level puts the largest cryptocurrency about 39 percent below its all time high of 126,156 dollars. The mood in the market is cautious, with fear readings near extreme fear and large investors pulling money from US spot Bitcoin exchange traded funds.
The most striking flow figure came on Monday, when US spot Bitcoin ETFs saw about 398.26 million dollars withdrawn in a single day. That followed about 202.59 million dollars in net outflows in the final week of October, and 515.03 million dollars in net outflows for October as a whole. October broke a three month streak of positive monthly inflows, a shift that helps explain why sentiment has cooled.
This article is a new development follow up to a prior November 2 crypto article, not a repeat. It covers the fresh ETF outflow data, the latest price levels, key support levels traders are watching and the background of recent corporate buying and exchange stress.
Quick Facts
| Detail | What we know |
|---|---|
| Bitcoin price November 3 | Around 76,500 to 76,800 dollars, down nearly 2 percent in 24 hours |
| All time high | 126,156 dollars, about 39 percent above current level |
| Ethereum price | Around 2,250 dollars, down about 1.7 percent |
| Monday ETF flows | About 398.26 million dollars withdrawn from US spot Bitcoin ETFs |
| October ETF flows | 515.03 million dollars net outflows, ending three months of positive inflows |
| Weekly trend | Fourth consecutive weekly decline, down about 2.25 percent last week |
| Support levels watched | 75,597 dollars (50 week average) and 67,776 dollars (200 week average) |
| Sentiment | Fear and greed index 26, near extreme fear |
| Strategy buying | 811 BTC for about 65.5 million dollars, October 26 to November 1, holdings now 849,327 BTC |
What the ETF Outflows Tell Us
US spot Bitcoin ETFs let ordinary investors and institutions buy Bitcoin exposure through a stock market product, without holding coins directly. When those ETFs see outflows, it means more money is leaving the funds than entering them on that day. A single day outflow of about 398.26 million dollars is large, and it follows a pattern rather than standing alone.
The final week of October saw about 202.59 million dollars in net outflows, and October as a whole saw 515.03 million dollars in net outflows. That monthly figure ended three months of positive inflows, when more money had been entering than leaving. The change in direction matters because ETF flows have become a major driver of Bitcoin price moves since these products launched. Sustained inflows tend to support prices. Sustained outflows tend to pressure them.
Outflows do not mean every investor is selling. Some holders are simply taking profits, rebalancing portfolios or moving to cash while markets stay volatile. But the size and persistence of recent outflows show that large holders are currently more cautious than they were during the summer inflow streak.
Price Levels Traders Are Watching
Bitcoin fourth consecutive weekly decline, down about 2.25 percent last week, adds to the downtrend. Analysts are watching two long term average levels as potential support, meaning price zones where buyers have often stepped in before. The first is 75,597 dollars, the 50 week average. The second is 67,776 dollars, the 200 week average.
Support levels are not guarantees. Prices can fall through them, especially when sentiment is weak and ETF outflows continue. But they give traders a framework for risk. Holding above 75,597 dollars would suggest buyers are still defending recent levels. A clear break below it would shift attention to the lower 200 week average zone.
Ethereum is also under pressure, trading around 2,250 dollars and down about 1.7 percent. When Bitcoin and Ethereum fall together, it usually signals broad crypto caution rather than a problem with one coin alone. Smaller coins often fall even more in such periods, although that detail is beyond the confirmed figures in this report.
Fear Near Extreme: What the Index Means
The fear and greed index stood at 26 on Tuesday, near extreme fear territory. The index combines price moves, volatility, trading volume and social signals into a single score. Low scores mean fear dominates. High scores mean greed dominates. A score of 26 suggests many traders are worried and defensive.
Fear readings can be a double edged signal. On one hand, they reflect real stress and can precede further falls if selling continues. On the other hand, extreme fear has sometimes marked periods when long term buyers start to return, because prices have fallen a long way from highs. Neither reading is a prediction on its own. It is best used as a mood gauge, not as a buy or sell instruction.
For readers, the key point is context. Bitcoin is about 39 percent below its all time high, sentiment is fearful and ETF flows are negative. That combination explains why even small negative news can move prices sharply right now.
Strategy Keeps Buying While Others Sell
Not every large holder is selling. Strategy, the company formerly known for business software and now famous for its Bitcoin holdings, bought 811 BTC for about 65.5 million dollars between October 26 and November 1, at an average price of 80,846 dollars per coin. Its total holdings now stand at 849,327 BTC, at an average cost of 75,451 dollars.
That average cost figure is interesting. With Bitcoin around 76,500 dollars, Strategy holdings are only modestly above their average purchase cost. That shows how much of its buying happened at higher prices, and why its position is now more sensitive to further falls.
Strategy buying during a downtrend is consistent with its long stated approach: accumulate Bitcoin over time regardless of short term moves. Other investors may see the same price fall as a reason to sell. The contrast shows there is no single institutional view right now, only different strategies and risk tolerances.
Binance Breach Still in the Background
Market stress is also shaped by recent exchange events. A 6.3 billion dollar breach at Binance on October 29 remains background context for traders. After operations resumed, about 5.14 billion dollars was withdrawn by customers within 24 hours. That scale of withdrawal shows how quickly trust can be tested after a security incident, even at a very large exchange.
Withdrawals after a breach do not automatically mean an exchange is in trouble. Customers often move funds to personal wallets as a precaution. But the episode adds to caution across the market, especially when combined with ETF outflows and falling prices. Traders are watching for further updates from Binance and for signs that withdrawals have stabilised.
Until that background clears, it is likely to remain a factor in sentiment, even when daily headlines focus on prices and ETF flows. Security, custody and trust are core concerns in crypto, and they resurface quickly after any major incident.
What This Means for Readers
This is not investment advice. Crypto prices can move sharply in hours, and past highs do not guarantee future returns. Anyone considering buying, selling or holding Bitcoin should understand their own risk tolerance, do their own research and consider speaking to a qualified financial adviser about their personal situation.
For readers of The Akron Magazine, the practical story on November 3 is simple: Bitcoin is down, ETF investors pulled a large sum on Monday, sentiment is fearful and key support levels are close. Whether buyers defend those levels or sellers push prices lower will be the story to watch in the days ahead.
FAQs
How much did Bitcoin ETFs lose on Monday?
US spot Bitcoin ETFs saw about 398.26 million dollars withdrawn on Monday. That followed about 202.59 million dollars in net outflows in the final week of October and 515.03 million dollars in net outflows for October as a whole.
How far is Bitcoin from its all time high?
Bitcoin traded around 76,500 to 76,800 dollars on November 3, about 39 percent below its all time high of 126,156 dollars.
What support levels are analysts watching?
Analysts are watching 75,597 dollars, the 50 week average, and 67,776 dollars, the 200 week average, as potential support zones. These are levels to watch, not guarantees that prices will hold there.
Did Strategy buy more Bitcoin recently?
Yes. Strategy bought 811 BTC for about 65.5 million dollars between October 26 and November 1 at an average 80,846 dollars per coin. Its holdings now total 849,327 BTC at an average cost of 75,451 dollars.
Final Thoughts
Bitcoin on November 3 is a market in a cautious phase: down nearly 2 percent in a day, down for a fourth straight week and facing large ETF outflows. The contrast between ETF sellers and Strategy buyers shows the market is divided, not united. For now, the levels to watch are clear, sentiment is fearful and the Binance breach background has not fully faded. Patience and careful risk checks matter more than reacting to each hourly move. For crypto market context, see Reuters on cryptocurrency markets. This is not investment advice.
