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$BTC ETFs saw $485M leave in a single day 📉👀 US spot Bitcoin ETFs recorded $484.9M in net outflows on Wednesday, the largest daily outflow since June 25. That one day wiped out the $321.6M that came in during the first four trading sessions of October. The month is now about $163M in net outflows 📊 The biggest withdrawals came from three funds: 🔹 BlackRock's IBIT: −$207.7M (a day after taking in $122M) 🔹 Fidelity's FBTC: −$105.1M 🔹 ARK Invest and 21Shares' ARKB: −$101.7M Ethereum ETFs are under pressure too. They lost $160.9M on Wednesday, their seventh straight day of outflows 🔁 Since September 29, about $569M has left ETH ETFs, led by BlackRock's ETHA (−$116.1M on Wednesday). On the daily BTC/USDT chart, price is at $82,100, down 1.45% today. 📍 Resistance at $87K. 📍 Below the middle band. BTC has dropped under the 20-day average ($84,260) for the first time since the breakout in late September. That level now acts as the nearest resistance. 📍 Supports to watch. The lower band is at ~$81,260. Below it, the next level is ~$78,250, the average entry price of short-term holders according to CryptoQuant. This group often defends that level, since it's their break-even point 🛡️ ETF flows are one of the main sources of fresh capital for $BTC. If they stay negative, buyers will have a harder time pushing price back above $84K, let alone $87K. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
Only 40% of Bitcoin's recent growth came from new money 🧐💸 Glassnode found that in the 30 days to October 5, $4.9B of new capital flowed into $BTC . Over the same period, Bitcoin's realized cap grew by $12.8B. Realized cap values each coin at the price it last moved on-chain. About 60% of this growth came from investors who were already in the market, as coins changed hands at higher prices 🔄 Glassnode counts three sources as new money: 🏢 Corporate treasury purchases 💵 Growth in stablecoin supply 📈 Inflows into US spot Bitcoin ETFs A similar ratio appeared after spot ETFs launched in January 2024. The 2024 and 2025 rallies had much more fresh capital behind them. The chart reflects this too. Since September 21, BTC has tried to break above $87,000 four times and met sell orders each time 🧱 It's now trading near $83,000. Short-term holders, who have held their coins for less than 155 days, are taking profits. When BTC closed its first weekly candle above $85K since January, about 86% of the coins sent to exchanges came from this group and were moved in profit. That was the highest share of the year, compared with under 40% on a typical day 📊 According to CryptoQuant, their average entry price is around $78,250, so this group is still in profit overall. Will new money arrive in time to push BTC past $87K? 👇 #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
Glamsterdam is live on Sepolia and this is the most important $ETH test of the year so far On October 6, Ethereum switched on its next big upgrade in the public test network. The chain finalized blocks within an hour, so the first public run went smoothly. What's inside, in plain words: 🔹 Gas limit tested at 200 million, more than 3x the ~60 million we had before. Bigger blocks should mean fewer fee spikes when the network gets busy. 🔹 Blocks will declare upfront which data they touch, so the network can process transactions in parallel. 🔹 Sending ETH to an existing address still costs 21,000 gas, while sending to a brand-new address will cost extra. Holders don't need to do anything right now. Closer to mainnet, check that your wallet is updated, because tools with a hardcoded gas limit will stop working. The part I'm watching as a trader is the timeline. Glamsterdam was first planned for H1 2026, and mainnet still has no confirmed date. If Hoodi, the next test network, gets an official date soon, a December launch starts to look realistic. Do you think we see Glamsterdam on mainnet before the end of the year? 🤔 #ETHBlockchain #Macro Insights#