Bottom line: Crypto ETFs saw total outflows of $321 million on October 8. BTC and ETH bore the brunt of the selling pressure, but sentiment hasn’t turned bearish yet.
BTC saw $244 million in outflows, ETH $72.54 million, and SOL just $3.32 million. Investors pulled back from their core positions first; altcoins didn’t see a synchronized mass exodus. The Fear & Greed Index remains in greed territory at 64, and the Altcoin Season Index is at 66, with 33 of 50 assets outperforming BTC over the past 90 days. When ETFs see consecutive days of outflows, don’t mistake greed for a buy signal.
Do you think this is position trimming, or a rotation of holdings ahead of the next wave of buying?
$BTC $ETH
View in real time: https://www.coinboss.com/etf