US $BTC ETFs just wiped out the entire month's inflows in 2 days. ~$700M outflow.
Oct 8: 81% of that came from FBTC alone. $ETH ETFs? 8 straight days of bleeding.
For context: Sept 15-16 was worse. This could just be noise.
But when one fund carries 80% of the sell pressure, that's not random distribution—that's someone exiting a position or rebalancing hard.
Watch liquidity. If this continues, we're back to range chop.
Oct 8: 81% of that came from FBTC alone. $ETH ETFs? 8 straight days of bleeding.
For context: Sept 15-16 was worse. This could just be noise.
But when one fund carries 80% of the sell pressure, that's not random distribution—that's someone exiting a position or rebalancing hard.
Watch liquidity. If this continues, we're back to range chop.