ETF investors sold 643 million dollars of Bitcoin in one day. That is the number to remember from Friday. 📰
US spot Bitcoin ETFs recorded 643.2 million dollars of net outflows on 30 October, the largest daily withdrawal of the month, erasing four straight days of inflows. 📉 BlackRock IBIT lost about 234 million dollars and Fidelity FBTC lost about 201 million. Source: TradersUnion and CryptoSBank, 1 November, citing SoSoValue and Bitcoinist data. My reading is that this was a headline driven exit, not a forced sale. ETF holders were not liquidated. They chose to sell after the Binance breach news, and that choice matters, because chosen sellers can come back just as fast if withdrawals reopen cleanly and price holds.
Do ETF buyers return on Monday, or does the outflow streak continue? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinETF
US spot Bitcoin ETFs recorded 643.2 million dollars of net outflows on 30 October, the largest daily withdrawal of the month, erasing four straight days of inflows. 📉 BlackRock IBIT lost about 234 million dollars and Fidelity FBTC lost about 201 million. Source: TradersUnion and CryptoSBank, 1 November, citing SoSoValue and Bitcoinist data. My reading is that this was a headline driven exit, not a forced sale. ETF holders were not liquidated. They chose to sell after the Binance breach news, and that choice matters, because chosen sellers can come back just as fast if withdrawals reopen cleanly and price holds.
Do ETF buyers return on Monday, or does the outflow streak continue? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinETF
