Bitcoin ETFs listed in the US experienced significant outflows totaling $3.5 billion in November, nearing the record set in February 2024. BlackRock's IBIT fund alone accounted for $2.2 billion of these redemptions, marking a potential record low for the fund. This substantial capital withdrawal has intensified downward pressure on Bitcoin, with its price briefly dipping to $80,553. Citi Research highlights that each $1 billion in Bitcoin ETF redemptions could reduce the spot price by approximately 3.4%. This correlation underscores the impact of ETF flows on Bitcoin's market dynamics, as observed with the recent outflows.