Mmastodon BusinessCrypto first seen 5 d ago, last 5 d ago, peak #6

Bitcoin ETFs See $635 Million in Outflows as Price Dips

Original: Bitcoin ETFs recorded $635 million in outflows as price nears average holding cost US spot Bitcoin ETFs saw $635 million

US spot Bitcoin ETFs recorded $635 million in withdrawals on October 22, the largest single-day outflow since June. The selling wave came as Bitcoin's price fell toward the estimated average cost basis of the funds' holdings, a level some investors watch closely as a marker of aggregate profitability. Market commentators are debating whether the dip signals deeper weakness or a buying opportunity, with sentiment across the crypto sector turning cautious.

Why now: Bitcoin's price drop and the largest ETF outflow since June are raising concerns about investor confidence and possible further declines.

BitcoinUS spot Bitcoin ETFs

Open on mastodon →

Evidence

• Bitcoin ETFs recorded $635 million in outflows as price nears average holding cost US spot Bitcoin ETFs saw $635 million in withdrawals on Oct. 22, the largest since June. The price dip tested the estimated average cost of the funds' holdings. https://… · newisty

API: https://socialmediatrends-api.osmike.com/v1/trends/3698109