(Fibonacci retracements “are used to identify potential pullbacks within an existing trend.”)Meanwhile, bitcoin ETFs recorded a massive $1.1 billion in outflows last week, bringing the total to $2.3 billion leaving the funds in November, trending to surpass the worst monthly outflows of $3.5 billion in February 2025, according to SoSoValue. Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, told Sherwood that the exodus is about macro, mechanics, and profit taking. She said that tech and growth sold off sharply last week, and bitcoin is still traded like a high-beta tech asset by institutions. If the volume is low, we could see it rejected in the short term,” Nic Puckrin, cofounder of Coin Bureau, told Sherwood. Strategy acquired 8,178 bitcoin for $835.6 million, its largest acquisition since July 29, which brings its stash to 649,870 bitcoin.