Crypto Corner

Friday, 2026-11-06 · covering the last 24h

Market signal

Thursday's rout runs into a second day as a hot jobs print piles onto the AI-stock unwind. Bitcoin extended its slide to around $75,400 (JournalArta had it at $75,369, down 6.29% on the day) and ether fell further to roughly $2,220 (down about 8.5%), with traders pointing to Friday's October payrolls data – a stronger-than-expected 165,000 jobs added, per reporting on the print – reviving bets the Fed holds rates higher for longer just as Wall Street's AI-megacap selloff keeps bleeding into digital assets. Coinglass-sourced tallies cited by Invezz put 24-hour crypto liquidations near $1.09bn, with one closely watched level now in view: a break of Friday's low near $74,900 would put bitcoin's 200-day moving average, around $73,200, back in play. JournalArta Global · CryptoTimes · Invezz

Markets & flows — ETFs, stablecoins & on-chain

US spot bitcoin ETFs post a fourth straight outflow day, $430.2m on November 5, and every tracked fund is in the red. Farside-sourced data put Thursday's redemptions at Fidelity's FBTC (-$199.9m), BlackRock's IBIT (-$105.0m), Grayscale's GBTC (-$49.9m), Franklin (-$32.9m), VanEck (-$23.6m) and Ark's ARKB (-$18.9m) – the first session in this run with no fund on the inflow side. The four-session stretch from November 2–5 now totals roughly $869.8m of outflows, and SoSoValue's running tally puts US spot bitcoin ETF flows at a net $502m outflow for 2026 to date, erasing the year's gains. PiQ Markets, via Farside Investors · 24/7 Wall St, via SoSoValue

Stablecoin supply held steady and no treasury-company purchase crossed the wire in this window.

The industry — exchanges, miners & infrastructure

A quiet window on the company side – nothing fresh from Coinbase, Circle or Robinhood, or from Marathon, Riot, CleanSpark and Core Scientific, beyond the risk-off tape hitting crypto-linked equities alongside the token selloff above.

Policy & regulation

Nothing new from the SEC, CFTC, Treasury or the overseas regulators (MiCA, FCA, Hong Kong SFC, Singapore MAS, Japan FSA) in this window – the CLARITY Act's prospects still rest on Tuesday's midterm result, covered here yesterday.

The Chatter

Ash Crypto (X): argues the market has already done most of the damage a crash like this usually does – he puts the real drawdown from the highs at around 13% and says bitcoin "would probably be down 40% by now" if the move were following past patterns, reading the quick flush as weak hands exiting rather than a fresh leg down. Invezz

Benjamin Cowen (X/YouTube): warns of a 2018-style unwind that could still send bitcoin down toward $58,000 – a bearish technical read on how far this correction has left to run, not a call this Corner endorses. Invezz

CryptoTony (X): expects the slide to deepen further before it turns, pointing to extreme-fear readings as evidence the capitulation isn't finished yet. Invezz