According to CoinMeta, the recent failure of Bitcoin to break through the $75,000 price level is mainly due to the continuous outflow of funds from US spot ETF, weak buying demand, and the uncertainty surrounding the Federal Reserve's interest rate decisions. According to CoinGecko data, on November 10th, the trading price of Bitcoin was $74,733, up 0.6% in the past 24 hours, but with a weekly decline of 2.8% and a monthly decline of nearly 10%. In previous trades, Bitcoin did manage to break through $75,400, but failed to sustain that upward momentum. There was a net outflow of approximately $1.28 billion in ETF funds, of which Blackstone's iShares Bitcoin Trust contributed about $1.21 billion. On November 9th, spot Bitcoin ETF recorded another net outflow of $201 million. Bitfinex analysts pointed out that Bitcoin's early rebound towards $80,000 mainly relied on leveraged futures positions, while spot purchases remained weak.