Bitcoin and Ether ETFs Lose $349M in Daily Outflows
Both assets also posted larger net outflows over seven days, pointing to sustained withdrawals across the two spot ETF markets.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Both assets also posted larger net outflows over seven days, pointing to sustained withdrawals across the two spot ETF markets.
The withdrawals hit both Bitcoin and Ether funds, but the latest Bitcoin ETF outflow remains small beside more than $54B in cumulative net inflows since launch.
Trump said Russia agreed to supply diesel to US and global markets, but renewed refinery strikes put the promised deliveries in focus.
634 $BTC (≈51.4M) moved from Coinbase Institutional to unknown wallet.
2.9K $BTC (≈232.9M) moved from unknown wallet to unknown wallet.
The cross-asset retreat points to risk aversion with stagflation concerns in the mix, while traders await another inflation reading from Thursday’s producer price index.
Hotter-than-forecast US inflation adds macro pressure, while crowded long positions show how quickly leveraged exposure can amplify a sell-off.
Lower liquidation clusters appear more fragile than the short positions stacked above $85K, leaving nearby downside levels in focus.
The model's demand bottleneck scenario links automation to lower consumption and weaker long-run growth, complicating the bullish case that AI gains will lift Bitcoin.
The contracts bring yes-or-no trading on public-company performance metrics into a regulated venue, adding a new derivatives channel tied to Coinbase, Robinhood and MARA.
Altcoins and leveraged longs bore the brunt of the selloff, while shifting Fed rate expectations and Treasury yields remain key signals for crypto traders.
A daily close below $80,400 would put a twice-defended support level at risk, while spot Bitcoin ETFs recorded $261M in outflows.
The rapid flush pulled other markets lower, linking Bitcoin’s price break to a wider liquidation-driven decline.
Hotter core inflation lifted October Fed hike odds to 41%, putting pressure on risk assets as Bitcoin tests support where spot bids overlap with leveraged long liquidations.
Ether fell harder than Bitcoin, while the Fear & Greed Index remained in Greed territory despite the broad market decline.
Flows split across the group: Bitcoin and Ether drove the losses, while XRP and ZEC spot ETFs attracted inflows.
Inflation above expectations revived rate-hike concerns, while oil-driven price pressures highlight the limits of monetary policy in lowering energy costs.
1K $BTC (≈80.9M) moved from #Kraken to #Binance.
Moody’s puts US data center spending at $700B this year, while Fink says federal borrowing has climbed to $40T, adding pressure to an already strained economy.
Ethereum funds accounted for $130M of the total, with BlackRock's ETHA responsible for $110M in net outflows.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
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