Bitcoin ETFs post biggest outflow since June, can BTC price hold $82K?

U.S. spot Bitcoin ETFs have suffered $484.9 million in net withdrawals on Oct. 7, their largest daily outflow since June, as Bitcoin fell toward $82,700 and erased its early-October price gains. U.S. Bitcoin ETFs lost $484.9 million Wednesday, erasing October’s gains and turning monthly flows negative. BlackRock’s IBIT led withdrawals with $207.7 million, followed by Fidelity and ARK 21Shares funds Wednesday. Bitcoin trades near $82,700, placing price close to Glassnode’s 81,700–83,300 liquidation cluster after Thursday’s decline. Ether ETFs lost $160.9 million, extending their outflow streak to seven consecutive U.S. trading sessions.

Source: crypto.news