Justin Sun Targets World Liberty Financial With Sanctions Request Amid Trump Crypto Scrutiny

Bitcoin moved back above $78,000 after sliding to a six-week low, despite U.S. spot Bitcoin ETFs losing around $1.16 billion over three trading sessions. The recovery gained momentum as daily fund redemptions slowed considerably, allowing buyers to step in following the sharp decline triggered by expectations of Democrats taking control of Congress.
BTC reached approximately $78,500 after recovering from its overnight weakness, following gains in U.S. stock futures. The rebound came as investors reassessed market risks following the Binance security breach and growing uncertainty about the U.S. political and regulatory environment.
Recent ETF data suggests that institutional selling pressure is beginning to cool, although fresh investment remains limited. Daily withdrawals fell from $643.2 million on October 30 to $115.6 million on November 3, providing a more supportive backdrop for Bitcoin’s recovery.

Bitcoin Spot ETFs Record $1.16 Billion in Three-Day Outflows

U.S. spot Bitcoin ETFs experienced net withdrawals for three straight trading sessions, bringing cumulative outflows to approximately $1.16 billion. The funds recorded $643.2 million in redemptions on October 30, followed by $398.6 million on November 2 and $115.6 million on November 3.
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $95 million in Tuesday’s outflows. Grayscale’s Bitcoin Mini Trust also reported withdrawals of $52.6 million, highlighting continued selling across major investment products.
Other funds managed to attract new capital during the same period. Bitwise’s BITB led inflows with $21.9 million, while Fidelity’s FBTC received $6.8 million and Morgan Stanley’s MSBT gained $3.3 million.
Daily ETF outflows have declined by more than 80% from the October 30 high, pointing to a sharp moderation in selling activity. However, the wider trend remains negative. Bitcoin ETFs recorded approximately $515 million in net outflows during October, followed by another $1.16 billion in withdrawals across November’s first three reported sessions.
The slowdown may reduce some of the pressure on Bitcoin, but institutional investors have not yet shifted back toward accumulation. Continued net withdrawals indicate that many investors remain cautious despite the latest price recovery.
Discover: The Crypto Presales This Q4 2026

Bitcoin Eyes $80,000 as Recovery Gains Momentum

Bitcoin’s rebound follows a selloff that pushed the asset to its lowest price in six weeks. Market sentiment had weakened amid the Binance security incident and concerns over how U.S. political changes could affect cryptocurrency legislation.
The expected Democratic victory in both congressional chambers added uncertainty to the industry’s regulatory outlook. Nevertheless, Bitcoin recovered as U.S. equity futures advanced, helping improve sentiment across risk-sensitive markets.
Traders are now watching the $79,500–$80,000 resistance band. A sustained move above this range could shift attention toward $82,000, with easing ETF withdrawals potentially providing additional support.
Bitcoin must establish $80,000 as support to demonstrate that the latest bounce has developed into a stronger recovery. If buyers fail to break through, the cryptocurrency could face renewed selling pressure. A move below $77,000 would bring the recent $75,600 low back into consideration.
For the recovery to continue, BTC needs to defend the $78,000 level and attract stronger spot-market demand as it approaches $80,000. The sharp decline in ETF withdrawals offers a positive signal, but sustained gains will depend on whether buyers return in sufficient numbers to support the market.