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   <h3 id="what-to-know">What to Know</h3>
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       <li>BlackRock’s Bitcoin ETF recorded $104.97 million in net outflows on November 5, marking its fourth negative trading session this week.</li>
       <li>Bitcoin declined 5.22% within 24 hours, falling from above $80,000 to $75,114 before recovering slightly to trade around $75,979.</li>
       <li>Persistent ETF withdrawals and declining Bitcoin prices reflect weakening investor demand, raising concerns about the cryptocurrency’s ability to sustain recovery.</li>
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  <p>BlackRock’s spot Bitcoin exchange-traded fund recorded another major withdrawal as Bitcoin struggled to recover from its latest market decline.<a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow"> According to SoSoValue data</a>, BlackRock’s iShares Bitcoin Trust (IBIT) registered $104.97 million in net outflows on November 5.</p>
  <p>The withdrawal marked the fund’s fourth negative trading session this week, reflecting sustained selling pressure among investors. Meanwhile, Bitcoin dropped more than 5% within 24 hours, pushing its price below $76,000 amid broader cryptocurrency market weakness.</p>
  <p><strong>Also Read: </strong><a href="https://36crypto.com/zcash-activates-major-nu7-upgrade-as-expert-reveals-new-zec-security-mechanism/" rel="noopener noreferrer nofollow">Zcash Activates Major NU7 Upgrade as Expert Reveals New ZEC Security Mechanism</a></p>
  <h2 id="blackrock-bitcoin-etf-records-104-97-million-in-daily-outflows">BlackRock Bitcoin ETF Records $104.97 Million in Daily Outflows</h2>
  <p>BlackRock’s IBIT recorded another substantial withdrawal on November 5, extending a series of negative sessions throughout the week. SoSoValue data showed that investors withdrew approximately $104.97 million from the fund during the trading session.</p>
  <p>Significantly, the latest withdrawal marked IBIT’s fourth daily outflow this week, indicating persistent selling pressure among institutional market participants. The fund has struggled to maintain positive investment flows since late October, coinciding with Bitcoin’s declining market performance.</p>
  <p>Despite BlackRock’s position as a major institutional <a href="https://36crypto.com/bitcoin-reclaims-80000-as-crypto-market-rallies-but-shiba-inu-shib-struggles/" rel="noopener noreferrer nofollow">Bitcoin</a> investment provider, its ETF has experienced repeated withdrawals during November. These transactions reflect investor redemptions rather than necessarily representing direct Bitcoin sales initiated by BlackRock itself. Additionally, the latest outflow occurred during heightened market volatility following Bitcoin’s unsuccessful attempt to recover above $80,000.</p>
  <h2 id="bitcoin-price-drops-5-as-institutional-withdrawals-persist">Bitcoin Price Drops 5% as Institutional Withdrawals Persist</h2>
  <p>Bitcoin experienced another significant decline as selling pressure pushed the cryptocurrency below several important price levels.<a href="https://36crypto.com/crypto-prices-today-bitcoin-crashes-below-76000-xrp-drops-8-7-as-altcoins-slide/" rel="noopener noreferrer nofollow"> According to recent data, Bitcoin fell 5.22% over 24 hours</a>, reaching approximately $75,979 during the reporting period.</p>
  <p>The cryptocurrency previously traded above $80,000 before declining to an intraday low of $75,114. Notably, the decline coincided with BlackRock’s latest ETF outflow, highlighting simultaneous weakness in Bitcoin prices and institutional investment flows.</p>
  <p>Bitcoin’s inability to sustain its position above $80,000 also weakened earlier recovery attempts across the cryptocurrency market. Meanwhile, the $75,114 intraday low demonstrated the extent of selling pressure during the latest trading session.</p>
  <h2 id="bitcoin-etf-withdrawals-add-pressure-to-market-recovery">Bitcoin ETF Withdrawals Add Pressure to Market Recovery</h2>
  <p>BlackRock’s latest outflow highlights weakening investor demand during Bitcoin’s broader market downturn. The $104.97 million withdrawal represents another reduction in investor exposure during a period of declining cryptocurrency valuations.</p>
  <p>Persistent ETF withdrawals could complicate recovery efforts if investors maintain reduced exposure across subsequent trading sessions. Bitcoin remained below $76,000 during the reporting period, while BlackRock’s IBIT registered its fourth negative trading session this week.</p>
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<div><strong><strong>Also Read: </strong></strong><a href="https://36crypto.com/liquid-network-restores-full-bitcoin-reserves-reestablishes-11-lbtc-backing/" rel="noopener noreferrer nofollow">Liquid Network Restores Full Bitcoin Reserves, Reestablishes 1:1 LBTC Backing</a>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/blackrock-sells-105-million-in-bitcoin-as-btc-price-falls-below-76000/">BlackRock Sells $105 Million in Bitcoin as BTC Price Falls Below $76,000</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.</p>

BlackRock Sells $105 Million in Bitcoin as BTC Price Falls Below $76,000

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