Bitcoin (BTC) Correlation With Stocks Hit 0.8 as ETF Outflows Reached $1.91B

Bitcoin (BTC) moved more closely with major U.S. stock indexes during the Nov. 5 sell-off, while U.S. spot Bitcoin exchange-traded funds (ETFs) logged $1.9074 billion in outflows over seven trading sessions.

Bitcoin’s 30-day correlation with both the S&P 500 and Nasdaq-100 reached about 0.8 during the sell-off. The S&P 500 fell 4.4% on Nov. 5. The correlation describes how closely the assets moved over the measured period; it does not establish that one market caused moves in the other.

The funds recorded net outflows in every U.S. trading session from Nov. 5 through Nov. 13. Daily withdrawals were $430.2 million on Nov. 5, $411.9 million on Nov. 6, $201 million on Nov. 9, $95 million on Nov. 10, $299.8 million on Nov. 11, $284.1 million on Nov. 12 and $185.4 million on Nov. 13.

The Consumer Price Index for All Urban Consumers rose 0.4% seasonally adjusted in October. October 2026 year-over-year changes were unavailable for indexes lacking October 2025 data because survey data were not collected that month during a lapse in appropriations.

The stock correlation, fund flows and inflation figures describe market conditions across different measures. They do not establish an effect from October inflation on cryptocurrency prices.