A major shock! U.S. Spot Bitcoin ETFs just had their worst day since June, with more than $643 million in net outflows on October 30 alone!
That figure wiped out all previous inflows, pushing October’s total net outflows to $515 million. Major funds like BlackRock’s IBIT and Fidelity’s FBTC led the intense sell-off.
The cause? Market sentiment suddenly worsened after rumors that “Binance was hacked for $6.4 billion.” Whatever the truth, the negative reaction triggered a sharp sell-off.
Bitcoin immediately fell 4%, and nearly $1.3 billion in leveraged positions were liquidated. Institutional investors are clearly reducing risk, and large capital flows have reversed.
Caution is spreading. Could this be a sign that a deeper correction is coming?
#BitcoinETF #MarketSentiment
$BTC
That figure wiped out all previous inflows, pushing October’s total net outflows to $515 million. Major funds like BlackRock’s IBIT and Fidelity’s FBTC led the intense sell-off.
The cause? Market sentiment suddenly worsened after rumors that “Binance was hacked for $6.4 billion.” Whatever the truth, the negative reaction triggered a sharp sell-off.
Bitcoin immediately fell 4%, and nearly $1.3 billion in leveraged positions were liquidated. Institutional investors are clearly reducing risk, and large capital flows have reversed.
Caution is spreading. Could this be a sign that a deeper correction is coming?
#BitcoinETF #MarketSentiment
$BTC