TLDR:
Bitcoin price returned to the 75,000– 76,000 range after its recovery above $80,000 faded, with spot buying still too weak to sustain gains.
US spot Bitcoin and Ether ETFs lost $530.1 million on November 5, including $199.9 million from Fidelity FBTC and $105 million from BlackRock IBIT.
Exchange withdrawals of 11,003 BTC and improving accumulation among large wallets contrasted with rising retail-sized deposits into Binance.
The Nasdaq Composite fell 5.5% as AI regulation concerns hit technology shares, while traders awaited the October US employment report.
The Bitcoin price fell below $76,000 on Thursday after a recovery above $80,000 failed to hold. Weak spot demand left the rebound vulnerable as technology stocks sold off and investors pulled money from crypto funds.
The US spot Bitcoin and Ethereum ETFs recorded $530.1 million in combined outflows on November 5. Bitcoin funds accounted for $430.2 million, while Ether products lost $99.9 million, Farside Investors data showed.
CryptoQuant data shows temporary improvements in futures positioning had failed to attract sufficient spot buying. The retreat returned attention to support, exchange transfers, and the sources of fresh capital needed for a recovery.
Bitcoin Price Retreats as Spot Demand Fails to Recover
XWIN Japan placed BTC in the 75,000– 76,000 range after the failed rebound. The contributor flagged 73,000– 76,000 as the support zone to watch during the renewed decline.
Source: CryptoQuant
The futures market had shown temporary signs of improvement, yet spot demand remained weak. For the Bitcoin price , that gap suggested insufficient buying to sustain the rally.
Several blockchain readings pointed in different directions. Net exchange withdrawals reached 11,003 BTC on November 5. The 60-day accumulation measure for wallets exceeding 10,000 BTC turned positive. The November 5 exchange withdrawals followed outflows of 4,235 BTC one day earlier.
Those readings suggest some large holders may be adding exposure. They do not establish that every exchange withdrawal represents a new purchase, since transfers can reflect custody changes.
Meanwhile, retail-sized Bitcoin deposits into Binance increased sharply, according to the CryptoQuant commentary. Deposits can make coins available for sale, although a transfer does not confirm that selling occurred.
For the Bitcoin price, these opposing signals complicate the picture. Large-wallet accumulation can coexist with pressure on smaller holders, leaving aggregate demand weak even when some investors increase holdings.
XWIN Japan also said stablecoin liquidity had yet to recover. The contributor wants spot demand, ETF flows, and stablecoin liquidity to strengthen together before treating the rebound as durable.
ETF Outflows Deepen as Technology Shares Face Fresh Selling
Fidelity led ETF outflows among US Bitcoin funds. Its FBTC fund lost $199.9 million Thursday, reversing Wednesday’s $236.7 million inflow.
BlackRock’s IBIT recorded $105 million in withdrawals, its fifth consecutive session of net outflows. Farside’s daily figures put the fund’s combined withdrawals since October 30 at roughly $1.04 billion.
Grayscale GBTC lost another $49.9 million, while Franklin EZBC shed $32.9 million. VanEck HODL and ARK 21Shares ARKB posted withdrawals of $23.6 million and $18.9 million, respectively.
The Bitcoin price decline also followed a short-lived improvement in overall fund demand. Bitcoin ETFs attracted $74.6 million on Wednesday before Thursday’s redemptions erased that gain.
Across the first four November sessions, the category recorded $869.8 million in net outflows. Those ETF outflows showed why one positive session had offered little assurance of sustained buying.
Ether funds shared the pressure. BlackRock’s ETHA lost $75.2 million, while its ETHB product shed $22 million. These represented most of the category’s $99.9 million withdrawal. Ether ETFs had attracted $53 million a day earlier, before those flows reversed.
The wider market also deteriorated. The Nasdaq Composite dropped 5.5%. The Nasdaq 100 fell 6.4% and lost approximately $2.5 trillion in value.
NASDAQ ERASES $2.5 TRILLION AS DEMOCRATIC SWEEP SPARKS AI SELLOFF
The Nasdaq 100 plunged 6.4%, wiping out $2.5 trillion, while the Nasdaq Composite fell 5.5%, entering correction territory at nearly 12% below its October peak.
Semiconductors crashed 12%, with Nvidia down 9% and…
— *Walter Bloomberg (@DeItaone) November 6, 2026
Investors worried that Democratic midterm gains could bring tougher scrutiny of AI data center construction. US semiconductor shares fell 12%, with chipmaker Nvidia losing about 9%.
For the Bitcoin price, the simultaneous retreat in stocks and crypto funds underscored exposure to broader risk sentiment. Markets next face the October US employment report, scheduled for Friday, November 6. The Bureau of Labor Statistics lists the release for 8:30 a.m. Eastern time.
The post Bitcoin Price Retreats as Weak Spot Demand Stalls $80K Recovery appeared first on Blockonomi .
