Bitcoin ETF Holders Pull $635 Million Before Price Even Hits Their Usual Breaking Point
BTC when published $81,471Now $80,595 ▼ −1.08% since it was published
Investors pulled $635.49 million from US spot Bitcoin (BTC) exchange-traded funds (ETFs) on October 22. The money left before BTC fell far enough to hit the level where ETF holders have historically sold hardest. A day earlier, the same funds had taken in $528.40 million. New research from DWF Labs pins down that level, and BTC now trades close to it. Bitcoin ETF Money Heads for the Door a Day After Pouring In The October 22 outflow was the largest single-day withdrawal since June 25, according to SoSoValue. It ended a 3-day run of inflows worth about $1.08 billion. That run began with $526.6 million on October 19, the funds’ biggest day since September 22. October’s net flows now stand at roughly $174.5 million in withdrawals.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
