Crypto Outlook: Cautious Trade & Choppy Flows | Nov 10–17
Crypto opens mixed into a data-light first half of the week, with attention turning to U.S. CPI on November 13 and PPI on November 14. ETF flows were choppy last week, which kept rallies contained. Spot levels at Europe open: BTC near $106,261, ETH near $3,606, SOL near $167.07, XRP near $2.48.
Market backdrop
U.S. October CPI, a key inflation metric impacting monetary policy expectations, is scheduled for Thursday, November 13, 08:30 ET. Some calendars still warn of possible shutdown delays, so Fed speakers and private surveys are doing more of the signalling early in the week. Bitcoin spot ETF prints swung from heavy outflows midweek to a brief inflow before flipping negative again on November 7. ETH spot ETFs had net outflows through November 5, then minor inflows on November 6.
Bitcoin (BTC)
Spot
BTC trades near $106,261 after an intraday range of $101,543 to $106,552. First support sits near $103,000 to $104,000. A reclaim of $108,000 to $110,000 would stabilize momentum.
Flows and positioning
U.S. spot BTC ETF flows were net negative several days, with a brief positive day on November 6 followed by outflows on November 7. Treat daily issuer tables after close for confirmation.
Ethereum (ETH)
Spot
ETH trades near $3,606 with an intraday range of $3,384 to $3,648. First support sits around $3,550 to $3,600, then $3,400. Strength back through $3,900 to $4,050 would improve the picture.
Structure
Watch ETH versus BTC around CPI and PPI. The ratio often leads when macro volatility rises. ETH ETF flows improved on November 6 after earlier outflows.
Solana (SOL)
Spot
SOL trades near $167.07 after a range of $157.40 to $168.68. Local support sits around $160 to $163. A push through $170 to $175 helps the short-term trend.
What matters this week
SOL remains a high-beta expression of crypto risk. Intraday ranges may widen with Thursday and Friday data as dollar fluctuations impact prices.
XRP
Spot
XRP is around $2.48 with an intraday range of $2.26 to $2.49. First support sits near $2.35 to $2.40. A return of $2.60 to $2.70 would brighten the picture again.
Context
XRP continues to trade as a complex beta while regulatory headlines are quiet. Flows and macro will steer ranges.
Sentiment snapshot
Macro signalling relies on Fed commentary and private calendars until CPI and PPI print. ETF flows are a swing factor rather than a one-way impulse. The market is cleaner post-flush, but participation remains selective, and dispersion by issuer keeps the daily flow signal noisy.
Catalyst calendar for the next 7 days
| Date (Local) | Event | Detail | Potential Impact |
|---|---|---|---|
| Thu, Nov 13, 08:30 | U.S. CPI & Core CPI | Key inflation data for October | High – rate expectations |
| Fri, Nov 14, 08:30 | U.S. PPI & Core PPI | Producer price index for October | Medium – inflation signal |
| All week | Fed Speakers | Multiple scheduled appearances | Medium – policy tone |
| All week | BTC/ETH ETF Flows | Daily spot flow reports after U.S. close | Confirms institutional bias |
| All week | Global PMIs | S&P Global prints may shift macro risk tone | Moderate – global sentiment |
One-week scorecard
Price moves since last Monday morning, levels from our post on November 3
| Asset | Last Week Close | Current | Weekly Change |
|---|---|---|---|
| BTC | $107,343 | $106,261 | Slightly lower |
| ETH | $3,699 | $3,606 | Lower |
| SOL | $175.75 | $167.07 | Lower |
| XRP | $2.41 | $2.48 | Slightly higher |
Calls versus reality
We highlighted macro as dominant, with ETF flows confirming. This holds as CPI and PPI take center stage, and flow prints stayed mixed last week. We flagged the ETH versus BTC ratio into macro; it softened early, then steadied into today after the small ETH ETF inflow on November 6. Levels continued to do most of the talking inside defined ranges.
Closing thought
Let price come to you. The late-week data will set the tone, and flows will do the confirming.
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