US markets reversed sharply with the S&P 500 down 1.6% to 6,538, Nasdaq 100 down 2.4%, and VIX surging above 26 (highest since April) as Nvidia initially jumped over 5% after-hours on Wednesday following Q3 revenue of $57 billion and Q4 forecast of $65 billion both beating expectations, but tumbled 3% by Thursday's close erasing a 5%+ intraday gain as Bitcoin's 4.2% drop to $86,676 triggered algorithmic selling according to Interactive Brokers strategist Steve Sosnick. The delayed September jobs report showed 119,000 positions added (better than 50,000 expected) but unemployment unexpectedly climbed to 4.4% (a near four-year high), as Fed officials including Barr, Hammack, and Goolsbee reinforced hawkish tones casting doubt on December rate cuts. European markets rose 0.4% with the Stoxx 600 snapping a five-day losing streak before Wall Street's reversal as banks led gains up 0.8% with BNP Paribas surging 4.4% on share buyback plans and BBVA rising 1.2% on capital return timeline, while industrials rose 0.8% driven by defense stock rebounds after JPMorgan called Wednesday's declines an "overreaction".
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-903.1M
-1296.7%
$-1.5B
$113.0B
$8.9B
ETH ETFs
$-261.6M
+600.3%
$-556.0M
$17.4B
$2.8B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$924.07M
-
$+351.75M (+61.46%)
Shorts
$110.80M
12.0%
$-73.69M (-39.94%)
Longs
$813.27M
88.0%
$+425.44M (+109.70%)
BTC
$470.37M
50.9%
$+322.33M (+217.74%)
ETH
$211.20M
22.9%
$+10.73M (+5.35%)
Cathie Wood's ARK Invest bought over $39 million in crypto-related shares, including Bullish, Circle, and Bitmine, amid market weakness.
Early Bitcoin holder Owen Gunden sold his entire 11,000 BTC position worth $1.3 billion since October 21 with his final 2,499 BTC ($228 million) transferred to Kraken on Thursday according to Arkham.
According to CryptoQuant, institutional ownership of US spot Bitcoin ETFs surged to 40% on Wednesday (up from 27% in Q2 2024) based on 13-F filings according to Bitcoin analyst Root, despite $2.8 billion in ETF outflows so far in November per Farside Investors data.
21Shares announced on Thursday the cross-listing of six additional products on Nasdaq Stockholm, including ETPs for Aave, Cardano, Chainlink, Polkadot and two crypto basket products.
Coinbase expands its base-powered network, allowing users to borrow up to $1 million in USDC against Ether, after processing $1.25 billion in loans.
AI hedge fund Numerai raised $30 million at a $500 million valuation led by top university endowments (names undisclosed), causing its NMR token to surge over 40% according to CoinGecko, as AUM expanded to $550 million from $60 million over three years, building on a $500 million commitment from JPMorgan Asset Management secured in August.
