Parl BTCETF Daily View – 11.11 1. ETF Data Summary Total market net outflow: approximately $95,001,300 IBIT (BlackRock): -$78,236,200 FBTC (Fidelity): -$36,790,200 MSBT: +$20,025,100 This day saw a net outflow of $78,236,200. 1) BlackRock (IBIT) saw a net outflow of $78,236,200 today, a significant decrease compared to previous days, but still an outflow. This indicates that the pressure from investors selling at a loss and taking profits has not yet been cleared, and large funds are leaning towards a defensive stance. 2) FBTC continued its "high-frequency outflow" trend, with a net outflow of $36,790,200 in a single day. This represents a lack of sustained confidence from momentum-driven funds in a subsequent upward breakout, and short-term risk appetite remains low. 2. Trading Data Summary 1) Total Liquidation Across the Network 1D: 105.38M (Long 84.09 / Short 21.30), 12H: 6.74M (Long 3.16 / Short 3.59). Long positions accounted for approximately 80% of the 1D volume. The 12H volume has decreased significantly, with long and short positions roughly equal, but slightly more short positions. 2) Liquidation Status BTC Current Price: 73,993: Upper limits: 75,850 (286M), 75,800 (259M); Lower limits: 72,550 (236M), 72,050 (233M). 3) US Stock Market Pre-Market: Nasdaq Futures +1.89% (28,361), S&P Futures +0.86% (7,609), QQQ +1.88%, SPY +0.87%. 4) Macroeconomic Overview Today is Veterans Day in the US. US stocks are open as usual (22:30 Beijing time), but the bond market is closed. 3. Market Analysis Currently, after stabilizing above 735, the market is consolidating. We should first observe the test of the 75H1 bearish oblique line. If it fails to hold, the market will continue to fall. If it breaks through here, it will test the 76 bearish oblique line. We should observe the price reaction there. If it breaks through here, the short-term decline will end, and the next targets are 79 and 81. For more real-time information, please join our community: http://t.me/pabuerbtc