Markets· ★★★★· neutral·

Bitcoin's Uptober at Risk: $484.9M ETF Outflow and Oct 28 Fed Meeting Loom

  • —Bitcoin closed October higher in 10 of 13 years from 2013 to 2025, with an 18.52% average return and a 12.73% median
  • —ETFs lost $484.9 million on October 7, the largest single-day outflow in over three months, erasing early-October inflows
  • —From October 1-8, IBIT gained $332.5 million while FBTC lost $408.1 million and ARKB $214.9 million, for a net $407.4 million outflow
  • —CME FedWatch puts the odds of a pause on October 28 at 80.6%, up from 42.5% a month earlier, with a 25 bps hike at 19.4%
Why it matters: The October 28 FOMC decision and October 29 PCE print will determine whether bitcoin holds above its $82,000-$85,000 institutional cost basis.
Source: Coinpedia