Spot Bitcoin ETFs have just experienced their strongest daily outflow since August, in a feverish market context. This massive withdrawal of $536 million reflects a sudden change in investor sentiment. A serious alert for institutional players, as bitcoin stalls below $110,000.
In brief
- Bitcoin ETFs see record outflow of $536 million in a single day.
- The price of bitcoin stagnates below $110,000, affected by macro tensions and arbitrage.
Bitcoin ETFs suffer their biggest decline since summer
On October 16, Bitcoin ETFs saw evaporate 536 million dollars of capital. This marks the strongest net outflow in two months. These figures contrast with the record flows recorded during the summer, a period during which ETFs supported the surge in the crypto market.
This sudden reversal reflects a loss of investor confidence in the upward momentum of bitcoin, whose price remains stuck below $110,000. Despite increasing adoption via listed vehicles, institutional flows are now much more volatile. Investors now seem to be in an arbitrage phase.
A clear signal of institutional behavior in the face of macro risks
These massive withdrawals are not explained solely by the decline in bitcoin. They also reflect a growing sensitivity to macroeconomic conditions. With rising interest ratesexposure to risk via volatile assets like BTC indeed raises questions (even among institutional players).
The mechanics of derivatives and speculative positions accentuate this phenomenon. The market is becoming more technical and more tied to overall movements than protocol fundamentals. There price consolidation around $110,000 appears to symbolize a temporary point of balance, where the appetite for risk weakens.
In this context, Bitcoin ETFs no longer play their role as growth drivers. On the contrary, they become a thermometer of short-term sentiment, very responsive to volatility and macro expectations.
One thing is certain: bitcoin is experiencing a pivotal moment. The ETFs which amplified its surge last summer now serve as an outlet in the face of uncertainty. If the digital asset wants to regain ground, it will have to convince beyond the charts and demonstrate its resilience, even when the macroeconomic winds turn. To be continued…
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