GM Zella fam 🟠
Five red weekly candles in a row. At this point Bitcoin’s chart looks like our morning coffee: dark, bitter, and somehow we keep coming back for more. ☕
Here’s what we’re cracking today:
🔥 Bitcoin’s losing streak hits five weeks
🧠 Extreme fear is back. Is it a buy signal?
📈 The ETF number every bull is watching
⚡ Quick hits + 🎯 today’s Zella quiz
📊 Market pulse
Bitcoin: ~$75,700 (5th straight red week)
Ethereum: ~$2,230
Solana: ~$78
Total crypto market cap: ~$2.53 trillion
BTC dominance: ~60%
Fear & Greed: 28 (Fear), after touching 25 (Extreme Fear) on Saturday
Prices as of Sunday evening, November 8.
🔥 Bitcoin’s losing streak hits five weeks
Bitcoin is wrapping up its fifth straight losing week, hovering just under $76,000 after dipping to $74,762 on Friday, its lowest level since August 21.
The trigger? Good news that turned into bad news. The US added 165,000 jobs in October, more than double the 65,000 economists expected. A hot economy gives the Fed less reason to go easy, and traders now price roughly 77% odds of a rate hike in December.
Higher rates make risk assets like Bitcoin less attractive, and big money noticed. US spot Bitcoin ETFs bled $1.28 billion over the week (Nov 2–6), with just one day of inflows.
Bottom line: $75K is the line in the sand. Hold it and this is a pause. Lose it and the next big magnet is Bitcoin’s 200-day average near $73K. 🎯
CAN YOU PREDICT THE PRICE?
🧠 Extreme fear is back. Buy signal?
The Crypto Fear & Greed Index sank to 25 on Saturday, officially “Extreme Fear” for the first time since August 6. One month ago it read 71 (Greed). That’s a big mood swing in 30 days.
Contrarians love this setup: be greedy when others are fearful. But zoom out. Over the past year, the index sat at 25 or below on 182 days, roughly every other day. Fear has been the normal state of this market, not a rare event.
Trader Michaël van de Poppe says Bitcoin first needs to reclaim $76,000 before any real upside can build.
Bottom line: Extreme fear tells you the crowd is scared, not that the bottom is in. Treat it as a reason to pay attention, not a reason to go all-in. 👀
📈 Zella signal: ETF flows
Spot Bitcoin ETFs are the clearest window into what Wall Street is doing with BTC right now.
This week: −$1.28B. BlackRock’s IBIT alone lost about $1.21B, while Fidelity’s FBTC actually took in $93M.
🐂 Bullish if: we get the first inflow day after this streak. That’s the earliest sign sellers are running out of steam.
🐻 Bearish if: outflows keep topping $400M a day. That means sustained institutional selling.
Big picture: spot BTC ETFs still hold about $95.9B, and they’re up $55.7B in net inflows since launch.
⚡ Quick hits
🇬🇷 Greece approved a 10% tax on crypto gains (with a €500 yearly exemption) and 15% on staking and DeFi income, starting 2027. Read more
🇷🇺 Moscow Exchange plans to start trading BTC, ETH and USDT on Dec. 1. Retail buyers must pass a test and are capped at 300,000 rubles a year. Read more
🛡️ Zcash’s NU7 upgrade is live, cutting block time from 75 to 25 seconds, so private payments now confirm 3x faster. Read more
📉 Ether ETFs bleed too: spot Ethereum funds lost $365M over the same week, bringing combined BTC + ETH ETF outflows to about $1.65B. Read more
🎯 Zella quiz
In what year did the SEC approve the first US spot Bitcoin ETFs?
A) 2021
B) 2022
C) 2024
D) 2025
Answer at the bottom of this email. 👇
HOW DID WE DO? 🤷
Quiz answer: C) 2024. The SEC approved spot Bitcoin ETF listings in January 2024, and they’ve since become one of the biggest sources of BTC demand.
That’s a wrap for today. Stay sharp, stay humble, and we’ll see you tomorrow. 🟠
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results
