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1Bitget Daily Digest (Nov 24) | Total Crypto Market Cap Rebounds Above $3 Trillion; Michael Saylor Posts “Won’t Surrender,” Hinting at Further Bitcoin Accumulation; Bloomberg: Bitcoin’s Decline Signals Weak Year-End Performance for Risk Assets, but 2026 May Have Growth Momentum2Bitcoin Faces Intensifying Sell-Off as ETF Outflows and Leverage Unwinds Pressure Markets3Solana ETF Hit 18-Day Inflow Streak
Flash
- 12:11Citi: Each $1 billion Bitcoin ETF redemption will drag down the price by about 3.4%ChainCatcher news, according to Bloomberg, US-listed bitcoin ETFs have seen a cumulative outflow of $3.5 billion this month, approaching the single-month outflow record of $3.6 billion set in February 2024. Among them, BlackRock's IBIT fund saw redemptions as high as $2.2 billion, accounting for 60%, which may mark the fund's worst monthly performance since its launch. The capital outflows have intensified downward pressure on bitcoin, with its price once dropping to $80,553. Citi Research estimates that every $1 billion redeemed will drag the (spot) price down by about 3.4%, and vice versa.
- 12:11OranjeBTC increases holdings by 7.3 BTC, bringing total holdings to 3,720.3 BTCChainCatcher news, according to official sources, Brazilian listed company OranjeBTC announced that it has increased its holdings by 7.3 BTC at an average price of approximately $95,000, bringing its total holdings to 3,720.3 BTC. The year-to-date bitcoin yield is 2.2%.
- 12:04BlackRock transferred 2,822 BTC and 36,200 ETH to a certain exchange's Prime platformAccording to Jinse Finance, monitored by Lookonchain, BlackRock transferred 2,822 BTC (approximately $244 million) and 36,283 ETH (approximately $102 million) to an exchange.