Bitcoin ETFs Bleed $262M as BTC Sinks Below $81K: What’s Next?
Photo: The Coin Republic
Key Insights Bitcoin ETFs recorded $261.4 million in outflows on Oct. 14 as BTC price fell below $81,000. Fidelity and BlackRock led withdrawals, pushing weekly Bitcoin ETF outflows to approximately $151 million. US inflation reached 3.7% in September, adding pressure as the Bitcoin price approached $80,000. Bitcoin ETFs recorded $261.4 million in net outflows on Oct. 14 as Bitcoin fell below $81,000. The retreat followed hotter U.S. inflation data as traders weighed potential interest-rate increases. Farside Investors recorded Wednesday’s withdrawals after a $175.7 million inflow in the previous session. CoinGecko showed the Bitcoin price near $81,000 on Oct.
Source: The Coin Republic
