Key facts: Experts predict Bitcoin could reach $250K; $558M ETF outflows; 29,600 BTC bought
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- Despite recent declines, experts like Arthur Hayes and Tom Lee predict Bitcoin could hit $250,000 by year-end. November has historically been strong for Bitcoin, averaging a 42% return.1
- On Friday, U.S. spot bitcoin ETFs saw $558.4 million in net outflows, the largest since August 1, led by Fidelity's FBTC with $256.7 million.2
- Large Bitcoin holders bought about 29,600 BTC last week, worth $3 billion, marking the first major accumulation since September, amid falling retail interest and ETF outflows.3