Massive liquidations! I just checked the data, and this wave of ETF outflows is pretty brutal.
On October 7, U.S. spot Bitcoin ETFs saw net outflows of $487 million—the largest single-day outflow since June 25. BlackRock’s IBIT saw $208 million flow out, Fidelity’s FBTC $105 million, and ARKB $102 million. Not one of the 12 funds recorded net inflows. On October 6, they had still seen net inflows of $119 million. Then, just one day later, sentiment flipped completely, turning October’s total into net outflows of $163 million.
Why did the money suddenly pull out? It had to do with the Fed minutes. The minutes struck a hawkish tone, with most officials believing another rate hike may be needed this year. Treasury yields, the dollar, and oil prices are all elevated, putting risk assets under broad pressure. BTC fell from $87,000 to around $83,000. ETF holders saw their profits shrink and chose to head for the exits for now. This isn’t a collapse in fundamentals—it’s short-term repositioning amid macroeconomic pressure.
But don’t rush to conclusions. JPMorgan estimates that overall capital inflows into the crypto market will total around $50 billion this year, and the long-term institutional allocation thesis remains intact. ETF flows have always fluctuated, and there have been multiple instances in the past when large single-day outflows were quickly followed by inflows. The key question is whether this wave of outflows will persist or is just a one-off.
For BTC, the short-term pressure is real. At around $83,000, $82,000 is near-term support; if that breaks, watch for $81,000 or even $80,000. $85,000 is resistance overhead, and without money flowing back in, it will be difficult to break through.
#比特币跌破8.1万美元
On October 7, U.S. spot Bitcoin ETFs saw net outflows of $487 million—the largest single-day outflow since June 25. BlackRock’s IBIT saw $208 million flow out, Fidelity’s FBTC $105 million, and ARKB $102 million. Not one of the 12 funds recorded net inflows. On October 6, they had still seen net inflows of $119 million. Then, just one day later, sentiment flipped completely, turning October’s total into net outflows of $163 million.
Why did the money suddenly pull out? It had to do with the Fed minutes. The minutes struck a hawkish tone, with most officials believing another rate hike may be needed this year. Treasury yields, the dollar, and oil prices are all elevated, putting risk assets under broad pressure. BTC fell from $87,000 to around $83,000. ETF holders saw their profits shrink and chose to head for the exits for now. This isn’t a collapse in fundamentals—it’s short-term repositioning amid macroeconomic pressure.
But don’t rush to conclusions. JPMorgan estimates that overall capital inflows into the crypto market will total around $50 billion this year, and the long-term institutional allocation thesis remains intact. ETF flows have always fluctuated, and there have been multiple instances in the past when large single-day outflows were quickly followed by inflows. The key question is whether this wave of outflows will persist or is just a one-off.
For BTC, the short-term pressure is real. At around $83,000, $82,000 is near-term support; if that breaks, watch for $81,000 or even $80,000. $85,000 is resistance overhead, and without money flowing back in, it will be difficult to break through.
#比特币跌破8.1万美元