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US spot Bitcoin ETFs witnessed net withdrawals of USD 95 million, led by BlackRock's IBIT with USD 78.24 million in outflows.
DOGE whales offloaded approximately 750 million tokens since November 3, while Zcash slipped below USD 1,000 despite Grayscale's USD 1 million commitment.
XRP fell to approximately USD 1.06, recording weekly losses of 15.4%, while Polish lawmakers approved a cryptocurrency-related sanctions bill by 240 votes to 202.
The crypto market witnessed several major developments as spot Bitcoin ETFs recorded USD 95 million in net outflows, with BlackRock’s IBIT accounting for USD 78.24 million in withdrawals. Meanwhile, Dogecoin whales offloaded approximately 750 million DOGE since November 3, while Zcash fell below USD 1,000 despite Grayscale announcing USD 1 million in ecosystem support. Poland’s lower house approved a cryptocurrency-related sanctions bill by 240 votes to 202, sending it to the Senate for consideration.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of USD 95 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley's ETF MSBT, with a daily net inflow of USD 20.03 million, and the total historical net inflow of MSBT currently stands at USD 825.16 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of USD 78.24 million, and the total historical net inflow of IBIT currently stands at USD 64.81 billion.
The total net asset value of Bitcoin Spot ETFs is USD 92.82 billion, with an ETF net asset ratio of 6.26%. The historical cumulative net inflow has reached USD 55.40 billion.
DOGE trades around USD 0.068, slightly above Tuesday’s yearly low of USD 0.066, as buyers attempt to stabilize the cryptocurrency following its latest decline.
According to Santiment’s Supply Distribution data, three categories of whale wallets have collectively offloaded approximately 750 million DOGE since November 3.
These include wallets holding between 100,000 and 1 million DOGE, those controlling between 1 million and 10 million tokens, and larger addresses holding between 10 million and 100 million DOGE.
The decline in holdings across these groups suggests that substantial market participants have been reducing their exposure rather than accumulating during the downturn.
Also Read: Bitcoin Faces USD 64,000 Risk as ETF Outflows & Inflation Pressure Market
Zcash (ZEC) slipped below USD 1,000 as sellers extend the token’s recent correction, putting its September gains under pressure. The decline follows a breakdown from a multi-week consolidation range, suggesting buyers are losing control of the short-term trend.
The move comes despite fresh ecosystem support from Grayscale and a major network upgrade. ZEC is now trading below a key psychological level.
On the daily chart, ZEC broke below its previous consolidation range of approximately USD 1,200-USD 1,450. The rejection near the upper boundary was followed by persistent selling, eventually pushing the token beneath the range’s lower support.
Despite the price weakness, Zcash received fresh institutional support. Grayscale announced a USD 1 million commitment to organisations supporting the Zcash ecosystem, including development, education and adoption initiatives.
Poland’s lower house has passed a sanctions bill covering cryptocurrency freezes by 240 votes to 202, sending the proposal to the Senate for consideration.
The Sejm’s voting record shows that lawmakers approved the government-backed Act on Restrictive Measures during its November 6 sitting.
The proposal would give authorities a national framework for imposing sanctions and enforcing restrictions on money, property, and other assets. The legislation still requires Senate consideration and presidential approval before becoming law.
In its original draft, the government explicitly included crypto assets within the definition of financial funds, alongside bank deposits, account balances, securities, dividends and credit.
XRP's price fell over 3% over the past 24 hours to around USD 1.06 on November 11, as the cryptocurrency continues to struggle with selling pressure, ETF withdrawals and weak market sentiment.
XRP dropped to an intraday low near USD 1.03 after trading above USD 1.10 earlier in the session. The token was down 15.4% over the past seven days, while its monthly losses reached nearly 25%, leaving it more than 58% below its price a year ago.
The latest decline comes as traders on Binance continue to favor bullish positions despite XRP’s prolonged correction, while institutional investors have recently withdrawn money from US spot XRP exchange-traded funds.
Also Read: XRP Price Faces USD 0.90 Risk as Glyde Co-Founder Flags New Cycle Lows
1. Why did Bitcoin ETFs record USD 95 million in outflows?
According to SoSoValue, US spot Bitcoin ETFs recorded USD 95 million in net withdrawals, with BlackRock's IBIT accounting for USD 78.24 million. The figures indicate net selling across the funds, although the data does not establish investors' reasons for withdrawing.
2. How many Dogecoin tokens have whales sold recently?
According to Santiment, three categories of whale wallets collectively reduced their holdings by approximately 750 million DOGE since November 3. Dogecoin was trading near USD 0.068, slightly above its yearly low of USD 0.066.
3. Why did Zcash fall below USD 1,000?
Zcash declined below USD 1,000 after breaking its previous consolidation range of USD 1,200–USD 1,450, indicating continued selling pressure. The decline occurred despite Grayscale announcing USD 1 million in funding for Zcash ecosystem development and adoption.
4. What is Poland's new cryptocurrency freeze bill?
Poland's lower house approved the Act on Restrictive Measures by 240 votes to 202, establishing a proposed framework for enforcing financial sanctions, including cryptocurrency-related restrictions. The legislation still requires Senate consideration and presidential approval before becoming law.
5. Why is XRP declining, and what is its current price?
XRP traded around USD 1.06 on November 11 after declining more than 3% over 24 hours amid selling pressure, ETF withdrawals and weak market sentiment. The cryptocurrency recorded a 15.4% weekly decline and nearly 25% in monthly losses.