Crypto Pulse: November 12, 2026 — Bitcoin Falls 3.81% as ETF Outflows Reach a Fifth Day

4 min read

Crypto fell broadly on Thursday, sliding with technology stocks as Treasury yields held above 5% and the withdrawal from the funds accelerated again. In Market Briefer’s delayed snapshot at 4:31 p.m. CST, Bitcoin fell 3.81% to $71,428 and Solana dropped 3.52% to $81.40, while Dogecoin fell 3.05% to $0.066, Ethereum fell 2.81% to $2,013 and Cardano fell 1.98% to $0.173, in a session tracked throughout the day on Market Briefer’s Crypto desk. TRON was the board’s most resilient major, down 0.56% to $0.316, and no major was in positive territory.

The selling in the funds, which had slowed on Tuesday, sped up again on Wednesday. U.S.-listed spot Bitcoin ETFs lost $299.9 million on Wednesday, a fifth straight day of net outflows, according to SoSoValue data reported by CoinDesk, roughly three times Tuesday’s $95 million and bringing the five-day total to around $1.44 billion. BlackRock’s IBIT accounted for $269.7 million of Wednesday’s outflow, its ninth straight session of redemptions.

The board below is Market Briefer’s delayed market data, sourced from CoinGecko and delayed by about 15 minutes, as of 4:31 p.m. CST on Thursday, November 12, 2026, ordered by 24-hour move, largest first.

Bitcoin was the board’s largest faller, and the intraday picture was weaker still. CoinDesk’s live coverage reported Bitcoin dipping to $71,300 during the U.S. session, down 3% over 24 hours at that point and its weakest level since mid-to-late August, while Thursday’s Global Close, in its own delayed snapshot, put bitcoin down about 4% to near $71,400 and ether down about 3% to near $2,018. Beyond the majors, the site’s biggest 24-hour movers board was led by decliners, with Stacks down 9.78%, NEAR Protocol down 7.60%, Uniswap down 7.29%, Aave down 6.90% and Gate down 6.87%.

The day’s story was the renewed pace of the withdrawal from the funds. CoinDesk’s Markets Today coverage reported that U.S. spot Bitcoin ETFs lost $299.9 million on Wednesday, according to SoSoValue. CoinDesk’s live coverage filled in the rest of the complex, reporting that Grayscale’s GBTC lost another $39 million, that Morgan Stanley’s MSBT was the only one of the 12 funds to take in money, adding about $9 million, and that the other nine recorded no flows at all. The selling was not limited to Bitcoin, CoinDesk reported, with ether ETFs losing about $145 million and Solana funds about $6 million, taking the total that left U.S. spot crypto ETFs in the single session to about $465 million, even as cumulative net inflows into the spot Bitcoin funds since their January 2024 launch still stand at about $55 billion.

Derivatives markets cooled rather than cascading. Crypto futures volume fell 20.64% to $168.6 billion over 24 hours and open interest fell 2.92% to $125.8 billion, while liquidations fell 63.67% to $263.7 million, though longs made up 64.5% of that total, according to CoinDesk. Bitcoin futures recorded the largest liquidations of any coin at $62.9 million, and positioning in options stayed defensive, with the premium of puts over calls at about 11% at one week, even as one-week implied volatility eased to about 35% from 38% on Tuesday, CoinDesk reported.

The pressure behind the board was the same rate repricing that ran through every other desk on Thursday. The 10-year Treasury yield closed at 5.102% as the bond market reopened from the Veterans Day closure, the dollar set its highest level since April 2025 and gold futures fell 2.8%, according to Thursday’s Global Close — the contest for defensive money examined in Market Briefer’s explainer on Bitcoin versus gold. CME FedWatch pricing put the chance of a quarter-point rate hike at the Federal Reserve’s December 8–9 meeting at around 90%, according to CoinDesk.

What to watch begins on Friday with the producer price index, the second inflation print of the week and the last major one before that December 8–9 meeting, alongside the euro zone’s flash third-quarter GDP estimate, German wholesale inflation and Fed speakers Collins, Logan, Bowman and Daly, according to Thursday’s Global Close. The next U.S. spot Bitcoin ETF flow print will show whether Wednesday’s $299.9 million outflow extends the streak to a sixth day. On the board itself, Ethereum at $2,013 in the site’s delayed snapshot sits just above the $2,000 level CoinDesk’s live coverage flagged as it slid toward that mark, Bitcoin at $71,428 sits below the $73,000 and $74,000 put strikes that were among the most-traded Bitcoin options contracts expiring November 13, according to CoinDesk, and Solana stands at $81.40.

Educational content — not investment advice. Crypto Pulse is AI-assisted research produced with automated data checks; figures are verified against the cited sources at publication time.