Bank Collapse & ETF Outflows

A Paraguayan bank locked out millions as Bitcoin buyers stepped back again.

Bitcoin traded at $75,623 at about 06:00 UTC on November 6, 2026, 40.06% below its $126,156 all-time high, after a November 5 close of $75,981. That gives back the move above $80,000 covered in the November 5 Read. It also leaves price only 0.31% above the 50-week average, the level the Coinjuice LIVE session on holding or selling Bitcoin in uncertain times singled out as the line keeping the trend healthy. Most recent LIVE session found here.

A huge story is unfolding outside crypto this week. In Paraguay, a digital bank serving close to half the country’s population went into resolution, and access to savings now depends on a state guarantee and a payout schedule written into law in a hurry.

Ueno Bank Collapse: Paraguay’s Depositors Wait on a Guarantee

What happened, in order:

• The trigger: Paraguay’s central bank announced on November 3 that it had seized Ueno Bank after its solvency ratio fell below half the legal minimum, per AP. Customers could not withdraw or transfer money.

• The reach: Ueno claimed about 3 million customers in a country of 6.5 million people, per Al Jazeera.

• The size: Ueno held $2.836 billion in deposits at September 2026, per Superintendencia de Bancos data reported by Forbes Argentina.

• The public money: AP reports about $800 million in public funds at Ueno as of October, roughly a quarter of deposits. Reuters puts the figure at about $850 million as of June, citing the company.

• The guarantee: A law rushed through Congress on November 4 requires the deposit guarantee fund to repay depositors within five business days. Payouts start on November 5 with accounts up to about $1,600, per AP. Coverage reaches about $36,000 per customer, enough for an estimated 97% of clients.

How it became a political crisis:

• The regulator: Central bank head Carlos Carvallo resigned on November 3 at the president’s request, per Reuters via The Star. Prosecutors sought arrest warrants for eight Ueno executives, and AP reports a judge ordered six of them jailed on November 5.

• The president: Santiago Peña tried to resign on November 5. Lawmakers declined to accept the resignation, and a walkout by Peña’s own Colorado Party left the joint session without a quorum, per Al Jazeera.

• The impeachment: The lower house voted 78 to 0 to impeach, and the Senate summoned Peña to defend himself on November 6, per AP. Prosecutors say he is under criminal investigation. If he is removed, Vice President Pedro Alliana would take over.

• The party line: Former president Horacio Cartes, a Colorado Party leader, wrote: “We will not side with the theft of public, private and pension funds.”

• The disputed tie: Peña says he was a shareholder in Ueno’s parent, Grupo Vázquez, until March 2025, when he sold his stake, per Reuters. Ueno says he never had a direct relationship with the bank as a shareholder or investor.

• The investigations: Paraguay’s attorney general has ordered three criminal investigations, covering oversight of the lender and the placement of public funds there.

Coinjuice’s read (interpretation, not reporting):

• No price link: Nothing in the reporting ties Ueno’s collapse to Bitcoin’s price move, and none is claimed here.

• What it shows: Deposits that seem safe in an app still sit behind a solvency ratio, a regulator and a guarantee fund. When all three come under strain at once, customers wait for a payout schedule they had no say in.

• The Bitcoin contrast: Coins held in self-custody cannot be frozen by a bank resolution, but they carry no deposit guarantee either. The risk moves from the institution to the holder.

ETF Outflows: Spot Funds Return to Selling After One Inflow Day

The November 4 inflow did not hold:

• The reversal: Spot Bitcoin ETFs lost $430.2 million on November 5, per DefiLlama and Farside. That is nearly six times the $74.6 million inflow a day earlier, per CryptoSlate.

• Who sold: FBTC led at $199.9 million, then IBIT at $105.0 million and GBTC at $49.9 million.

• The week: Funds lost $1.513 billion over five sessions, with outflows in four of them.

• Slower money: Plante Moran’s spot Bitcoin ETF holdings rose 70% in Q3 to $42 million, per its 13F reported by Crypto Briefing. Filings show past positions, not current demand.

• The wider sell-off: AI stocks dragged Bitcoin back below $76,000. The Block reports $1.09 billion in liquidations and Strategy down about 10%. CoinDesk has the Nasdaq down 5.5% and miners down 15% to 20%.

Source: DefiLlama ETF flow data, latest reported flow day November 5, 2026, as of about 07:40 UTC November 6.

Technicals: BTC Loses Its 20-Day Average and Slips Under the 200-Day EMA

Source: Indicators calculated on DefiLlama completed daily closes through November 5, 2026.

• The 40 line, again: Daily RSI went from 38.5 on November 3 to 50.6, then back to 38.5 on November 5. A close under 40 is the test the Coinjuice method watches.

• Price under three lines: The November 5 close is below the 20-day, the 100-day (USD 76,955) and the 200-day EMA. The 200-day simple average sits lower at USD 73,198.

• The jobs report: The October payrolls report from the US Bureau of Labor Statistics was set for 8:30 a.m. Eastern on November 6. Treat it as a volatility event, not a call on direction.

Moving Averages Across Timeframes

Source: Weekly averages use completed weekly closes. Thanks to CryptoQuant for the data. The DefiLlama close used elsewhere in this edition is $75,981. Percentages show price versus each average.

For technical analysis from a wide range of analysts, see the CryptoQuant QuickTake community.

• The weekly line: Price holds 0.31% above the 50-week average of $75,743, down from 6.19% above on the November 4 close.

• The 3D gap: Price is 6.51% under the 3D 20-period average, the level where the November 4 rally stalled.

Coinjuice Lens: Bitcoin Ownership

Ueno’s customers did nothing wrong. Their access to their money depended on a solvency ratio they could not see, a regulator whose head has now resigned and a guarantee fund whose payout timetable Congress rushed into law on November 4. Self-custody takes the bank out of that chain, but it hands the job of security to the holder. Coinjuice’s guide to Bitcoin self-custody security layers sets out what that job involves.

Readers looking to prepare for a test of the 50-week average can start with the Coinjuice ebook, Bitcoin Trading Without Leverage, now 15% off with the code TRADE15OFF, or go deeper with a Coinjuice subscription, currently 30% off the annual plan, where we start and complete trades and you will learn to snipe them independently.

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News Behind Today’s Read

• Paraguay Congress rejects President Pena’s resignation after bank collapse (Al Jazeera). Source for the rejected resignation, the quorum walkout, the Cartes quote, the 3 million customer figure and the three criminal investigations.

• Paraguay seizes major digital bank tied to president, leaving millions of customers in limbo (AP). Source for the seizure, the five-business-day payout law, the $36,000 coverage, the impeachment vote and the jailing order.

• Paraguay’s central bank chief resigns at president’s request as digital lender crisis deepens (Reuters via The Star). Source for Carvallo’s resignation, the arrest warrants and the $850 million in public funds.

• Crisis bancaria en Paraguay: inician el proceso de resolución de Ueno (Forbes Argentina). Source for Ueno’s $2.836 billion in deposits at September 2026.

• Bitcoin ETFs record $74.6 million in net inflows as FBTC offsets IBIT withdrawals (CryptoSlate). Source for the November 4 inflow that the November 5 outflow reversed.

Continue the read: Nov. 5 · Nov. 4 · Nov. 3 · Nov. 2

Market Snapshot

Data as of November 6, 2026, about 06:00 UTC. Source: DefiLlama.

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.