# Bitcoin Plunges as ETF Outflows Hit Record

> Bitcoin drops to $106,000 as $3.79 billion in ETF outflows and whale sales erase 32% of value.
- Title: Bitcoin Plunges as ETF Outflows Hit Record · Startup Fortune
- Summary: Bitcoin drops to $106,000 as $3.79 billion in ETF outflows and whale sales erase 32% of value. Bitcoin fell to $106,000 after $3.79 billion in spot ETF…
- Keywords: bitcoin, spot bitcoin etf, ethernet, blackrock, cryptoquant, owen gunden, crypto market crash, startups, business, Plunges, ETF, Outflows
- Source: Startup Fortune — https://startupfortune.com/bitcoin-and-crypto-markets-plunge-as-etf-outflows-deepen-november-rout
- Published: 2026-11-03T05:36:54+00:00
- Read time: 1 min
- Topics: bitcoin, spot bitcoin etf, ethernet, blackrock, cryptoquant, owen gunden, crypto market crash, startups, business
## Bitcoin Tumbles
Bitcoin dropped to $106,000 on November 3 after wiping out 32% of its value since October's all-time high.
## Record ETF Outflows
Spot bitcoin ETFs logged $3.79 billion in outflows in November, the worst monthly total since funds launched in January 2024.
## Whale Liquidates $1.3 Billion
Owen Gunden sold 11,000 BTC worth $1.3 billion, completing his exit over 21 days starting October 21.
## Crypto Market Capitalisation Falls
Total crypto market cap dropped from $4.28 trillion to near $3.27 trillion, a six-month low.
## Ethereum Plummets 7%
Ethereum fell nearly 7% to $3,610, its steepest one-day drop since August.
## Bull Score Drops to 20
CryptoQuant's Bull Score fell to 20 out of 100 after months of selling by large holders.
## AI Selloff Pressures Bitcoin
Bitcoin follows Wall Street's AI-driven selloff as risk assets fall together, with no sign of reversal.
## Key takeaway

Bitcoin fell to $106,000 after $3.79 billion in spot ETF outflows and a $1.3 billion whale sale wiped out 32% of its value since October.