Bitcoin ETFs break 6-day outflow streak with $240M buy: What it means for liquidity

US spot Bitcoin ETFs recorded $240 million in net inflows on November 6, breaking a streak of six consecutive days of outflows that drained over $660 million. BlackRock's IBIT led the inflows. This reversal is significant because ETF flows are now considered a crucial liquidity infrastructure; when they flip from net redemptions to net creations, it changes the mechanical pressure on order books. A single $240 million inflow day absorbs more than five days of global Bitcoin issuance from miners. This positive flow satisfies one condition identified by analysts for bulls to regain structural control, demonstrating that institutional demand remains present at current prices. The positive flow tightens markets by pulling coins into custody, reducing the tradable float, and causing authorized participants to sweep liquidity to fulfill creation orders. Furthermore, it signals that large allocators are comfortable adding exposure near six-figure prices, suggesting dips are being treated as buying opportunities.

(Source：CryptoSlate)