$BTC spot ETFs saw net outflows of $484.9 million on October 7, followed by another $244.1 million on October 8.
That’s nearly $730 million over two days, which explains why every BTC rebound seems to lack momentum.
Retail investors are still talking about “Uptober,” while ETFs continue to see money pulled out. Talk is cheap—the real short-term driver is whether fresh capital comes in to buy.
Until the money comes back, treat any rebound as a recovery move.
That’s nearly $730 million over two days, which explains why every BTC rebound seems to lack momentum.
Retail investors are still talking about “Uptober,” while ETFs continue to see money pulled out. Talk is cheap—the real short-term driver is whether fresh capital comes in to buy.
Until the money comes back, treat any rebound as a recovery move.