Market News / Story
Bitcoin ETFs Bleed $485M as BTC Falls Toward $82K — Bearish Move Ahead?
Coinpedia ·
Coinpedia reports: U.S. spot Bitcoin ETFs recorded their largest single day outflow in more than a year, with nearly $485 million leaving the funds on October 7. The heavy selling came as Bitcoin dropped close to $82,000. The move also reversed the market’s early “Uptober” gains as rising tensions around the Strait of Hormuz increased pressure on risk assets. Bitcoin ETFs See $485 Million in Outflow On 7 October, U.S. spot Bitcoin ETFs recorded $484.9 million in net outflows, marking their…