Bitcoin at $10,000? History Challenges Crash Fears as ETFs Lose $82M

Bitcoin ETFs saw $82.39M in outflows on October 16, as analysts compared the potential $10,000 BTC decline with historical market drawdowns. Fears of Bitcoin falling to $10,000 have resurfaced as stock market volatility raises concerns about another cryptocurrency downturn. However, historical data suggests that such a decline would rank among Bitcoin’s worst recorded losses. The discussion follows $82.39 million in US spot Bitcoin ETF outflows on October 16, according to SoSoValue. Despite these withdrawals, cumulative net inflows stood at $56.88 billion, while total ETF assets reached $104.29 billion.

Source: Live Bitcoin News