#WCTCS9 U.S. stocks have already started rebounding, so why is
$BTC still grinding around $74,000? Who exactly is selling?
1. First, look at one data point. U.S. spot BTC ETFs have seen net outflows for five consecutive trading days, with cumulative outflows of about $1.177 billion from November 5 to 11. One day alone might not mean much, but a full week of money flowing out is no small matter.
2. More interestingly, tech stocks rebounded in the previous trading session, with Nasdaq futures rising as much as 1.7%, yet BTC did not make a clear move higher. This suggests that what is weighing