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<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2>
<ul>
 <li>Bitcoin ETFs see $238M in inflows, driven by Fidelity’s FBTC and Ether ETFs.<br></li>
 <li>Solana ETFs post $10.58M in inflows, signaling recovery in demand.<br></li>
 <li>Bitcoin enters profit-taking phase with significant support around $77K.</li>
</ul>
<p>On November 21, 2025, U.S. spot Bitcoin ETFs saw $238 million in net inflows, primarily driven by Fidelity’s FBTC with $108 million. Spot Ether ETFs experienced a significant recovery, posting $55.71 million in net inflows after eight consecutive days of outflows.&nbsp;</p>
<p>These inflows suggest renewed investor interest in both Bitcoin and Ether, despite ongoing market fluctuations.</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-112-1024x347.jpeg" alt="">
 <figcaption>
  Daily Total Net Inflow | Source: SoSoValue
 </figcaption>
</figure>
<p>In addition to Bitcoin and Ether, Solana’s spot ETFs also recorded inflows, reaching $10.58 million. This marks a positive shift for Solana following a period of low demand. BlackRock, a major player in the space, sold off $53.7 million in Ethereum during this time.&nbsp;</p>
<p>The broader ETF market performance, driven by increased <a href="https://coincu.com/markets/bitcoin-bull-market-liquidity-recovery/" rel="noopener noreferrer nofollow">spot demand</a>, indicates strong institutional and retail interest.</p>
<h2 class="wp-block-heading" id="strong-profit-taking-cycle-dominates-bitcoin-market-amid-price-volatility-strong"><strong>Profit-Taking Cycle Dominates Bitcoin Market Amid Price Volatility</strong></h2>
<p>Bitcoin’s price is currently undergoing a <a href="https://coincu.com/analysis/bitcoin-faces-market-turbulence-with/" rel="noopener noreferrer nofollow">profit-taking phase</a>, as seen through the PnL Index, which tracks profit and loss based on wallet cost basis.&nbsp;</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-111-1024x576.jpeg" alt="">
 <figcaption>
  PnL Index Signal (365d MA) | Source: CryptoQuant
 </figcaption>
</figure>
<p>This market behaviour aligns with classic cycle theory, suggesting that the market is transitioning into a potential bear phase. However, this trend may be overridden by macro liquidity, similar to what occurred in 2020 when market conditions shifted dramatically.</p>
<p>Bitcoin’s price is finding significant support near the $77,000 range, with 171,617 BTC accumulated in this zone. This support level is critical for the asset’s potential to maintain upward momentum, despite the current profit-taking activity.&nbsp;</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-113-1024x576.jpeg" alt="">
 <figcaption>
  BTC Cost Basis Distribution Heatmap | Source: glassnode
 </figcaption>
</figure>
<p>As Bitcoin continues to see <a href="https://coincu.com/markets/bitcoin-price-bearish-november-predictions/" rel="noopener noreferrer nofollow">price fluctuations</a>, traders and investors will monitor key support zones, which will determine whether a bear market or another bull run will emerge.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=379681" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Bitcoin ETFs See $238M in Net Inflows, Led by Fidelity’s FBTC

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