Bitcoin fails $80,000 recovery as ETF redemptions add to demand worries
AI summary
Bitcoin failed to hold a recovery toward $80,000 and fell in tandem with Treasury yields, an unusual divergence from its typical macro relationship. November 2 ETF redemptions added to demand concerns as the decline followed a drop in real yields through October 30. Traders are watching whether ETF outflows persist, since sustained redemptions would signal weakening institutional demand.
