Bitcoin Trades Above $109,000 as Spot ETF Inflows Turn Negative

Bitcoin is trading above $109,000, down 5% over the past week. Spot Bitcoin ETF flows have turned negative, with a seven-day average outflow of 281 BTC, according to CryptoQuant. Federal Reserve Chair Jerome Powell stated that the likelihood of another rate cut in December remains unclear, contributing to cautious sentiment among cryptocurrency investors.