TLDR
- Bitcoin stayed below $75,000 even as US stocks posted their best day in months.
- The S&P 500 rose 2.35% and the Nasdaq gained 2.74% on November 9.
- US spot Bitcoin ETFs saw about $1.28 billion in net outflows from November 2 to 6.
- Peter Schiff repeated his warning that a Bitcoin crash could be near.
- Traders put the odds of a December Fed rate hike above 80%.
Bitcoin stayed below $75,000 on Tuesday, even after US stocks posted their best day in months. The gap between the two markets has grown as money keeps leaving US spot Bitcoin funds.
On November 9, the S&P 500 rose 2.35% to close at 7,549.94. The Nasdaq Composite gained 2.74% to finish at 25,253.14, and the Dow Jones Industrial Average climbed 2.15%, adding more than 1,100 points.
The rally came after a hard week for stocks. Worries about high tech prices and possible limits on artificial intelligence work had led to heavy selling.
Lower oil prices helped lift the mood on Monday. Chip stocks also bounced back, with Advanced Micro Devices up 13.3%, Broadcom up 8.8% and the Philadelphia Semiconductor Index up 6.9%.
Bitcoin did not join the rebound. It had fallen with tech stocks during the sell-off, but it did not rise with them when buyers returned.
ETF Outflows Top $1.28 Billion
US spot Bitcoin ETFs saw about $1.28 billion in net outflows between November 2 and November 6. That covered five trading sessions.
BlackRock’s iShares Bitcoin Trust made up about $1.21 billion of the total. It lost $403 million on November 6 alone.
Fidelity’s Bitcoin fund was the exception, taking in $93.1 million over the same week. Those inflows were not enough to make up for losses at other funds.
The selling also hit Ethereum products. US spot Ethereum funds lost another $365.2 million during the week.
Bitcoin’s drop below $75,000 also came with heavy liquidations. Another round of leveraged bets was closed, which made it harder for the price to recover.
Schiff Repeats Sell Call
Economist Peter Schiff, a longtime Bitcoin critic, pointed to the split in a November 10 post on X. He said Bitcoin had broken an important support level while stocks, gold, silver and mining shares gained.
“There’s a short window before the crash. Make sure to sell before it closes,” Schiff wrote. The post came five days after a November 5 warning in which he called Bitcoin a bubble.
Schiff has made similar calls many times. In March 2020, he called Bitcoin a sinking ship below $7,000, and it later rose above $60,000 the next year.
In February 2022, he said investors were running out of chances to sell above $40,000. Prices fell that year, but Bitcoin hit new record highs in 2024.
Some recent calls have lined up better with the market. In November 2025, he told investors to sell near $93,000, months before Bitcoin fell below $60,000 in June 2026.
Bitcoin has traded between $74,000 and $75,000 after losing much of the gain it made after the US midterm elections. Bitfire Research, in a November 9 note, named $74,400 to $75,000 as near-term support and said more losses could follow if buyers do not hold it.
The coin has struggled since a failed move above $80,000. It has not been able to reclaim higher resistance levels since last week’s sell-off.
US employers added 165,000 jobs in October. On November 9, market pricing showed more than an 80% chance of a Federal Reserve rate hike in December, and the October inflation report was set for release on November 10.
