Bitcoin Near $74K as ETFs Lose $201M and CPI Runs Hot, While NYSE Picks Avalanche

Bitcoin ETFs Lose $201 Million as Bitcoin Decouples From Stocks

U.S. equities had their strongest session since April 8 on Monday, with the Nasdaq Composite rising 2.7%, yet Bitcoin barely moved. Flow data helps explain why. According to Farside Investors, U.S. spot Bitcoin ETFs lost another $201 million on Monday, lifting outflows since November 2 to roughly $1.5 billion. The funds are now down about $1.1 billion year to date, after taking in more than $20 billion in each of the previous two years.

BlackRock's IBIT has now recorded seven consecutive sessions of redemptions. Supply is also building at the corporate level: miner MARA Holdings disclosed that it sold 13,597 BTC for about $1.1 billion over the past six weeks and plans to sell more. Santiment data shows Bitcoin has lost around 108,700 non-empty wallets since October 16, a sign that retail participation is thin.

October CPI Runs Hotter Than Forecast

The October Consumer Price Index rose 0.4% month over month, below September's 0.6% but above the 0.3% economists expected. Core CPI, which excludes food and energy, rose 0.3% against a forecast of 0.2%. The Bureau of Labor Statistics did not publish a 12-month figure because no October 2025 report was produced during last year's government shutdown.

The reaction was swift. Fed Governor Chris Waller had said overnight that the central bank should raise rates in December even if inflation came in soft, and that a 50-basis-point move could be considered if it came in strong. After the release, the 2-year Treasury yield jumped about 14 basis points to 4.69% and the 10-year rose 6.5 basis points to 4.93%. Bitcoin extended its losses by roughly 1% to about $73,600. Higher yields raise the return on safe assets, which tends to weigh on assets that pay no yield, such as Bitcoin.

NYSE Picks Avalanche for 24/7 Tokenized Stock Settlement

Away from the price action, the NYSE made a notable infrastructure decision. Ava Labs announced on November 9 that Avalanche will provide the core ledger technology for the clearing firm behind the NYSE-affiliated tokenized securities platform. NYSE chief product officer Kevin Tyrrell told The Wall Street Journal the exchange chose Avalanche after testing several blockchain providers.

The design splits the work in two. Order matching stays on the NYSE's existing Pillar engine, while completed trades are cleared and settled on an Avalanche-based ledger. The platform is meant to support round-the-clock trading and can list tokens issued on other blockchains. It still needs regulatory approval, and NYSE is targeting a launch in the fourth quarter. The AVAX token rose roughly 5% to 8% over 24 hours, depending on the data source and time window.

What U.S. Investors Should Watch Next