Bitcoin Reclaims $77K After Midterms, but ETF Outflows Keep Dragging

Bitcoin traded near $77,851 on November 4, swinging inside a 24-hour range of roughly $75,695 to $77,990, according to the crypto.news price page. The coin had dipped close to $75,700 as midterm results arrived, then clawed back. That $2,295 spread works out to about 3% of the lower price — but an intraday range is not the same as a 3% daily gain. It just marks the high and low prints inside the window.

The Associated Press reported that Democrats captured both chambers of Congress, redrawing the political balance for the rest of President Donald Trump's term. Election results alone don't rewrite financial law, though. A congressional majority isn't a rule governing exchanges, custody or Bitcoin ownership. Committee leadership can shape which proposals get hearings, but any legislation still has to survive the full constitutional process.

The selling started before the votes were counted. Farside Investors logged net withdrawals of $643.2 million on October 30, $398.6 million on November 2 and $115.6 million on November 3 — $1.1574 billion across three trading sessions split by a weekend. That's not a three-calendar-day figure, and the data is rounded to a tenth of a million, so other trackers may show slightly different totals.

The daily pace cooled off sharply: November 3's pull was roughly 82% smaller than October 30's. Slower bleeding can ease one source of pressure, but it is not an inflow, and it says nothing about the next session. Bitcoin can still climb while funds lose capital, if buyers elsewhere soak up the supply or if less coin is offered for sale.

Other forces were already in motion. Binance's October 29 security breach and softness in tech stocks were part of the mix — crypto.news previously reported that Bitcoin fell below $77,000 on November 3 amid withdrawals, leveraged liquidations and tech weakness. That timing makes it hard to pin the entire slide on the election outcome.

What matters next: ETF data closes with the US session while Bitcoin trades around the clock, so an Asian-hours rebound can appear before the next flow reading even exists. A few consecutive sessions of positive subscriptions would carry more weight than one green day after a large cumulative drain. And keep the measures straight — a net redemption isn't a timestamped list of every underlying Bitcoin transaction, and a fund's assets can shrink without anyone withdrawing a cent.