🚨 Wall Street PULLED 643 MILLION out of Bitcoin ETFs in a single day, the biggest outflow since June 👀
What happened at the close of trading yesterday, Friday, changes the picture for the entire month.
📉 Bitcoin ETFs had seen 4 straight days of inflows totaling around 440 million. On Friday, 643 million flowed out all at once, from five funds at the same time. It was the first full day of trading after the Binance hack and the same day the Nasdaq fell nearly 3%.
🗓️ With that, October ended with net outflows of around 516 million from these funds. For small investors, the takeaway is clear: big money still isn't buying the dip—it's reducing risk.
💎 ETH is having a tougher time: its ETFs lost money on all five days of the week, around 431 million, and are now down for five straight weeks. ETH is hovering around $2,245.
🟢 The curious part: even with those outflows, Bitcoin is holding near 77,300, and BNB, the affected exchange's token, fell less over the week than BTC, ETH, or SOL. Zcash was one of the few winners, gaining more than 9% in 7 days.
👀 What I'm watching: Monday's flows. If more money flows out, the 76,000 level is at risk; if it flows back in, Friday's move was just fear over the hack.
Are you buying this dip, or waiting to see what happens Monday? 👇
#Bitcoin #ETF #Ethereum #BNB #Zcash
What happened at the close of trading yesterday, Friday, changes the picture for the entire month.
📉 Bitcoin ETFs had seen 4 straight days of inflows totaling around 440 million. On Friday, 643 million flowed out all at once, from five funds at the same time. It was the first full day of trading after the Binance hack and the same day the Nasdaq fell nearly 3%.
🗓️ With that, October ended with net outflows of around 516 million from these funds. For small investors, the takeaway is clear: big money still isn't buying the dip—it's reducing risk.
💎 ETH is having a tougher time: its ETFs lost money on all five days of the week, around 431 million, and are now down for five straight weeks. ETH is hovering around $2,245.
🟢 The curious part: even with those outflows, Bitcoin is holding near 77,300, and BNB, the affected exchange's token, fell less over the week than BTC, ETH, or SOL. Zcash was one of the few winners, gaining more than 9% in 7 days.
👀 What I'm watching: Monday's flows. If more money flows out, the 76,000 level is at risk; if it flows back in, Friday's move was just fear over the hack.
Are you buying this dip, or waiting to see what happens Monday? 👇
#Bitcoin #ETF #Ethereum #BNB #Zcash
