BTC Spot ETFs See $969 Million in Net Outflows Over Past Five Days【MEXC Alpha Trader – Daily Market Brief (November 12, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $73,632 (+0.08%)｜ETH $2,049 (-0.23%)｜SOL $83.05 (-0.23%)

· Market Sentiment: Funding Rate +0.0067%｜Fear & Greed Index 28 (Fear)

· Inflation: U.S. CPI rose 0.4% month over month in October, exceeding expectations and fueling discussion about the size of a potential Federal Reserve rate hike in December. Further Reading

· U.S. Dollar: DXY rose to 102.95 on November 11, its highest level since April 2025. Further Reading

II. Trading Signals / Hot Topics

· [Today's Focus] BTC｜ETF Outflows and Negative Premium Weigh on Spot Demand

· BTC spot ETFs, a liquidity anchor for the crypto market, recorded $969 million in net outflows over the past 5 trading days, while the Coinbase premium has remained negative for 70 consecutive days.

· Takeaway: ETF redemptions and the negative exchange premium reflect demand through investment channels and in the spot market, respectively. Price movements need to be assessed alongside the composition of capital flows.

Further Reading: 1

· [On-Chain] ETH｜BitMine Treasury Paper Losses Dominate Annual Results

· Ethereum is a settlement layer for stablecoins and on-chain applications. ETH treasury company BitMine reported a fiscal-year net loss of $6.313 billion, including $6.229 billion in unrealized losses on digital assets.

· Takeaway: The losses stemmed mainly from asset revaluations rather than cash outflows during the period. Treasury valuations and staking revenue should be assessed separately.

Further Reading: 1

· [U.S. Stocks Focus] Anthropic｜Pre-Market Perpetual Positions Climb as Contract Prices Diverge From Offering Range

· The combined open interest in two pre-market perpetual contracts for AI company Anthropic exceeded $311 million, with the contracts trading at a premium of around 37% to the upper end of the proposed IPO offering price range at the time of reporting.

· Takeaway: The premium on perpetual contracts reflects derivatives market pricing and should not be equated with the final IPO offering price.

Further Reading: 1

III. Regulation & Major Events

· Bank of Russia｜From November 22, trading platforms may offer cryptocurrency trading once their trading rules have been approved by the central bank. Further Reading

· Bitcoin Core｜Three patched vulnerabilities were disclosed, including a high-severity flaw that could affect block template generation on some miner nodes. It does not imply a network-wide halt in block production. Further Reading

· Across｜Its official website domain was hijacked. The phishing page is no longer accessible, while the frontend and API remain suspended. Further Reading

IV. Platform-Exclusive Benefits

· Battle of the Brave V15 (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: ICE Advances 24/7 Tokenized Stock Trading — Will U.S. Equities Enter an Around-the-Clock Era?

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