#etf #bitcoin #stocks
📉 Bitcoin Decouples from Stocks: ETF Outflows, MARA Sell-offs, and Inflation Expectations
$BTC Bitcoin ($74,196.52) has abruptly broken its correlation with the U.S. stock market. While the S&P 500 recorded its best day since April 8 and the Nasdaq rose by 2.7%, the leading cryptocurrency remained stagnant (down 1.4% since midnight).
🔍 What is weighing on the market?
➡️ ETF Outflows: U.S. spot Bitcoin ETFs saw another $201 million in outflows on Monday (totaling approximately $1.5 billion in outflows since November 2). Year-to-date, these funds are down by $1.1 billion. BlackRock’s IBIT has experienced outflows for seven consecutive sessions.
➡️ Pressure from Miners: MARA Holdings disclosed the sale of 13,597 BTC (~$1.1 billion) over the past six weeks, with plans for further sales.
➡️ Waning Retail Interest: According to Santiment, Bitcoin has lost approximately 108,700 active wallets since October 16.
📊 Positive Developments and What’s Next?
➡️ Infrastructure: The NYSE has selected Avalanche for settlement on its planned tokenized securities platform (AVAX +5%).
➡️ Key Macro Test: U.S. inflation data (CPI) is set to be released today at 8:30 AM EST. Forecasts point to a +0.3% increase for October (compared to 0.6% in September). This could give the market a breather; however, analysts emphasize that Bitcoin needs real demand, not just a “stroke of luck.”
📉 Bitcoin Decouples from Stocks: ETF Outflows, MARA Sell-offs, and Inflation Expectations
$BTC Bitcoin ($74,196.52) has abruptly broken its correlation with the U.S. stock market. While the S&P 500 recorded its best day since April 8 and the Nasdaq rose by 2.7%, the leading cryptocurrency remained stagnant (down 1.4% since midnight).
🔍 What is weighing on the market?
➡️ ETF Outflows: U.S. spot Bitcoin ETFs saw another $201 million in outflows on Monday (totaling approximately $1.5 billion in outflows since November 2). Year-to-date, these funds are down by $1.1 billion. BlackRock’s IBIT has experienced outflows for seven consecutive sessions.
➡️ Pressure from Miners: MARA Holdings disclosed the sale of 13,597 BTC (~$1.1 billion) over the past six weeks, with plans for further sales.
➡️ Waning Retail Interest: According to Santiment, Bitcoin has lost approximately 108,700 active wallets since October 16.
📊 Positive Developments and What’s Next?
➡️ Infrastructure: The NYSE has selected Avalanche for settlement on its planned tokenized securities platform (AVAX +5%).
➡️ Key Macro Test: U.S. inflation data (CPI) is set to be released today at 8:30 AM EST. Forecasts point to a +0.3% increase for October (compared to 0.6% in September). This could give the market a breather; however, analysts emphasize that Bitcoin needs real demand, not just a “stroke of luck.”
