$BTC ETFs saw $485M leave in a single day ๐Ÿ“‰๐Ÿ‘€ US spot Bitcoin ETFs recorded $484.9M in net outflows on Wednesday, the largest daily outflow since June 25. That one day wiped out the $321.6M that came in during the first four trading sessions of October. The month is now about $163M in net outflows ๐Ÿ“Š The biggest withdrawals came from three funds: ๐Ÿ”น BlackRock's IBIT: โˆ’$207.7M (a day after taking in $122M) ๐Ÿ”น Fidelity's FBTC: โˆ’$105.1M ๐Ÿ”น ARK Invest and 21Shares' ARKB: โˆ’$101.7M Ethereum ETFs are under pressure too. They lost $160.9M on Wednesday, their seventh straight day of outflows ๐Ÿ” Since September 29, about $569M has left ETH ETFs, led by BlackRock's ETHA (โˆ’$116.1M on Wednesday). On the daily BTC/USDT chart, price is at $82,100, down 1.45% today. ๐Ÿ“ Resistance at $87K. ๐Ÿ“ Below the middle band. BTC has dropped under the 20-day average ($84,260) for the first time since the breakout in late September. That level now acts as the nearest resistance. ๐Ÿ“ Supports to watch. The lower band is at ~$81,260. Below it, the next level is ~$78,250, the average entry price of short-term holders according to CryptoQuant. This group often defends that level, since it's their break-even point ๐Ÿ›ก๏ธ ETF flows are one of the main sources of fresh capital for $BTC. If they stay negative, buyers will have a harder time pushing price back above $84K, let alone $87K. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#