Biggest ETF exit of October, and it came right after a four-day inflow streak.
U.S. spot Bitcoin ETFs saw $643.3 million in net outflows on Oct 30, the largest daily withdrawal of the month (Investing.com). Cumulative inflows slipped to about $57 billion from an October peak of $57.8 billion.
$BTC still closed the month near $77,558, down about 7.3%. My take: one big red day doesn't make a trend, but follow-through this week will matter more than the headline number. $ETH holders are watching the same flows closely.
Do you read this as profit-taking or the start of a longer pullback? Tell me your view.
#Bitcoin #ETF #CryptoNews Not financial advice.
U.S. spot Bitcoin ETFs saw $643.3 million in net outflows on Oct 30, the largest daily withdrawal of the month (Investing.com). Cumulative inflows slipped to about $57 billion from an October peak of $57.8 billion.
$BTC still closed the month near $77,558, down about 7.3%. My take: one big red day doesn't make a trend, but follow-through this week will matter more than the headline number. $ETH holders are watching the same flows closely.
Do you read this as profit-taking or the start of a longer pullback? Tell me your view.
#Bitcoin #ETF #CryptoNews Not financial advice.