🚨 ETF EXODUS: $487M FLED IN ONE DAY 🚨
U.S. spot Bitcoin ETFs just posted $487.1M in net outflows on Wednesday, the biggest single-day exit since June 25. CoinDesk notes that is 2.1 standard deviations below the 90-day average of ~$92M daily inflows, a rare tail event.
Context matters here. September brought $2.65B of net inflows, but October has flipped to -$165.6M so far, and $BTC is now clinging to the $82K zone after failing to hold $86.6K earlier this week. Even the Fear & Greed index cooled from 71 to 64, still in Greed but clearly losing conviction.
📊 Levels on watch
A sustained break below $82K-$83K opens the door to the psychological $80K line, while reclaiming $84.5K-$85K is what bulls need to flip the tape back.
So the question stands: do ETF flows bounce back first, or does $80K give way before Wall Street returns?
Not financial advice. DYOR. 👇
#crypto #bitcoin
U.S. spot Bitcoin ETFs just posted $487.1M in net outflows on Wednesday, the biggest single-day exit since June 25. CoinDesk notes that is 2.1 standard deviations below the 90-day average of ~$92M daily inflows, a rare tail event.
Context matters here. September brought $2.65B of net inflows, but October has flipped to -$165.6M so far, and $BTC is now clinging to the $82K zone after failing to hold $86.6K earlier this week. Even the Fear & Greed index cooled from 71 to 64, still in Greed but clearly losing conviction.
📊 Levels on watch
A sustained break below $82K-$83K opens the door to the psychological $80K line, while reclaiming $84.5K-$85K is what bulls need to flip the tape back.
So the question stands: do ETF flows bounce back first, or does $80K give way before Wall Street returns?
Not financial advice. DYOR. 👇
#crypto #bitcoin