According to Wu, QCP Capital's latest market report indicates that Bitcoin fell below $70,000 for the first time since mid-August, hitting a low of $67,555, influenced by factors such as higher-than-expected US inflation, higher US Treasury yields, and a stronger US dollar. ETH fell below $2,000, and the cryptocurrency futures market saw over $1.3 billion in liquidations in the past 24 hours, with BTC accounting for approximately $677 million. From November 5th to 11th, the US spot BTC ETF experienced a net outflow of approximately $1.438 billion. Furthermore, MSCI will remove Strategy (MSTR) from its indices after the market closes on November 30th, a move that sell-side institutions estimate could trigger approximately $2.8 billion in passive stock sales. On the macro front, the market has fully priced in a December rate hike by the Federal Reserve, with a probability of a 50 basis point increase of approximately 13%. QCP believes the market will focus on whether US PPI data further fuels expectations of a significant rate hike. https://(wublock123.com)/news/qcp-crypto-market-selling-pressure-btc-etf-outflows-strategy-index-removal-71907