Markets· ★★★· neutral·

Bitcoin Breaks September Curse With 6.33% Gain, But ETF Demand Cools in October

  • —September closed up 6.33%, the fourth consecutive positive September since 2023
  • —Spot Bitcoin ETFs saw $148.69 million in outflows on September 30, with none of the 12 funds recording inflows
  • —Apparent spot demand fell by 170,000 BTC over 30 days, while futures demand growth slowed from 164,000 to 16,000 BTC
  • —Long-term holders' share of realized profits rose from 34% to 55% in the week ending September 29
Why it matters: A sell wall at $85,000–85,500 and weak ETF inflows will determine whether October repeats its historical median gain of 12.73%.
#BTC
Source: BeInCrypto IT
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