Bank Access & Outflows Jump

Banks are building Bitcoin access while ETF outflows re-accelerated.

Bitcoin trades at $73,582 on November 12, 41.67% below the $126,156 all-time high. On November 11, two banks moved to give customers regulated Bitcoin access. On the same day, ETF outflows jumped back to nearly $300 million after three days of easing. Coinjuice LIVE session, Bitcoin Diamond Bottom: The Bears Already Sold, walks through the chart levels in play.

November Seasonality Update

From the November 1 open at $77,474 to the November 11 close at $73,982, Bitcoin is down 4.51%. November finishes positive only if the price closes above $77,474. Mid-November has historically been the softest stretch of the month. 

Banks Open Bitcoin Access: Israel and Germany Add Regulated Doors

While ETF investors kept selling, two banks widened the regulated routes into Bitcoin on November 11:

• A first for Israeli banking: The Jerusalem Post reports Discount Bank describes the service as a first for Israel’s banking system. Customers can trade Bitcoin and Ether without a separate wallet or foreign currency account, and account management fees are waived for six months.

• Deutsche Bank goes live in custody: Reuters reports the service, first announced in September pending regulatory approval, now serves paying institutional and corporate clients. The bank has said Asia comes next and frames custody as the first step toward tokenisation and settlement.

• Same direction as Project Faro: The November 11 Read tracked global banks committing a reported $270 million to a joint stablecoin venture. App trading and custody extend the same build-out from payment rails to Bitcoin itself.

Bitcoin ETF Outflows Jump: Easing Run Ends as Mid-Size Whales Buy

After three days of easing, US spot Bitcoin ETF outflows tripled on November 11:

Flows from DefiLlama, matching Farside data cited by CryptoSlate and Cointelegraph.

November outflows reached roughly $1.9 billion through November 11. IBIT logged a ninth straight day of redemptions, about $2.0 billion across the streak. The run of daily outflows has featured in every edition since the November 9 Read. The November 10 Read recorded 2026 year-to-date ETF flows turning negative.

Some large wallets are buying into the weakness:

Glassnode accumulation score via CryptoSlate. The score weights balance size and balance changes, excludes exchanges and miners, and is not a count of BTC bought.

• Mid-size whales turned buyers: Both accumulating cohorts spent much of October distributing, per Glassnode. A similar late-September turn did not last, so one week of buying is a data point rather than a trend.

• Demand gauges remain weak: CryptoQuant’s Bull Score Index fell to 20 on November 9 from 90 on October 13. Apparent demand dropped by 284,000 BTC over 30 days, the fastest pace since March 2025.

• Equity funds took the money instead: Bloomberg ETF analyst Eric Balchunas reported all 17 of the top US ETFs by five-session inflows were equity funds. US-listed ETFs took in roughly $12 billion a day over the period.

• Rate pressure stays on: Traders price roughly an 86% chance of a quarter-point Fed hike on December 9 and a 14% chance of a half-point move, following the hot October CPI report. Bitcoin held near $74,000 in premarket trading on November 12 while CoreWeave’s results lifted AI stocks and Nasdaq 100 futures. Bitcoin sat out a second risk rally in a week.

Bitcoin Technicals: Spot Sits on the 200-Day and 20-Week Averages

Readings through the November 11 close.

Moving averages across timeframes (simple averages of closes; spot reference $73,582):

Weekly averages use completed weekly closes.

Every short-horizon average sits overhead, led by the 50-day near $81,137. Below spot, three averages and CryptoQuant’s $73,200 support level cluster within roughly $200:

• the 200-day at $73,122

• the 50-period three-day at $72,994

• the 100-period three-day at $73,123

Spot rests on the 20-week average. A daily close below the $73,000 to $73,200 zone would break the cluster. A reclaim of the 50-week average near $75,485 is the nearest higher-timeframe test.

Coinjuice Lens: Bitcoin Adoption

Adoption rarely announces itself through price. The plumbing gets built while charts look tired: a bank app adds a buy button, a custodian opens a vault, a stablecoin consortium funds five years of operations. Each step lowers the friction for the next holder, and none of the steps shows up in an ETF flow table. Banks are building Bitcoin access while ETF outflows re-accelerated. For long-term holders, the more useful measure of the cycle is who can reach Bitcoin and how easily, not only the latest outflow print.

Reading the chart still matters, and the Coinjuice ebook, Bitcoin Trading Without Leverage, teaches the skill step by step. Our glass neon lights are built for calmer desks. Our LIVE sessions on the Research Hub work through the charts in real time as we try to get ahead of the next move.

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News Behind Today’s Read

• For the first time in Israel: The bank that will allow crypto trading via application (The Jerusalem Post). Source for Discount Bank’s November 26 launch, eligibility rules, fee waiver and Fireblocks custody.

• Deutsche Bank launches digital asset custody service (Reuters via The Star). Source for the live custody service, the European institutional client base and the planned Asia expansion.

• Bitcoin whales stack coins while ETF investors dump millions daily (CryptoSlate). Source for the Glassnode cohort accumulation data and the Farside daily ETF flows from November 2 to November 10.

• Stock ETF buyers pounce on dip as Bitcoin funds bleed $1.6 billion (Cointelegraph). Source for the IBIT redemption streak through November 10, equity ETF inflows and CryptoQuant’s demand readings.

Market Snapshot

Prices as of November 12, 2026, 06:03 UTC; DeFi TVL as of 08:25 UTC (DefiLlama).

Thanks to CryptoQuant for the price data. Catch my quicktake analysis on Cryptoquant.

This article is for informational purposes only and does not constitute financial or investment advice.

This article was developed with the support of artificial intelligence tools as part of Coinjuice’s editorial process and reviewed by our editorial team before publication.

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