Bitcoin loses recovery momentum as ETF flows reverse late in the week
๐ During October 19โ24, Bitcoin returned to the $80,000โ81,000 range after a recovery failed to clear $85,000. ETH traded near $2,370, while many altcoins remained under pressure, suggesting the rebound lacked broad participation.
๐ธ U.S. spot Bitcoin ETFs attracted approximately $1.075 billion over the first three sessions, followed by withdrawals of $635.6 million on October 22 and $137.9 million on October 23. The week still recorded net inflows of roughly $301.2 million, but the final two sessions erased most of the earlier gains, highlighting inconsistent demand through ETFs.
๐ Weakness in technology stocks and rising oil prices added to inflation concerns, weighing on risk appetite. Against this backdrop, the reversal in ETF flows made cryptoโs recovery harder to sustain.
โ๏ธ Liquidations concentrated in long positions amplified the decline. ETH and SOLโs weaker performance relative to Bitcoin also suggested caution toward more volatile assets, offering limited evidence of a broader positive rotation within crypto.
๐ Next week, attention turns to BTCโs response around $80,000, ETF flows when U.S. markets reopen, and the October 27โ28 Fed meeting. Holding this price area alongside stronger buying would help support a recovery; continued selling would leave the market exposed to further liquidations.
#CryptoMarket $BTC $ETH $SOL
๐ During October 19โ24, Bitcoin returned to the $80,000โ81,000 range after a recovery failed to clear $85,000. ETH traded near $2,370, while many altcoins remained under pressure, suggesting the rebound lacked broad participation.
๐ธ U.S. spot Bitcoin ETFs attracted approximately $1.075 billion over the first three sessions, followed by withdrawals of $635.6 million on October 22 and $137.9 million on October 23. The week still recorded net inflows of roughly $301.2 million, but the final two sessions erased most of the earlier gains, highlighting inconsistent demand through ETFs.
๐ Weakness in technology stocks and rising oil prices added to inflation concerns, weighing on risk appetite. Against this backdrop, the reversal in ETF flows made cryptoโs recovery harder to sustain.
โ๏ธ Liquidations concentrated in long positions amplified the decline. ETH and SOLโs weaker performance relative to Bitcoin also suggested caution toward more volatile assets, offering limited evidence of a broader positive rotation within crypto.
๐ Next week, attention turns to BTCโs response around $80,000, ETF flows when U.S. markets reopen, and the October 27โ28 Fed meeting. Holding this price area alongside stronger buying would help support a recovery; continued selling would leave the market exposed to further liquidations.
#CryptoMarket $BTC $ETH $SOL