US spot bitcoin ETFs bleed $910 million over two weeks
- —Weekly outflows hit $228.6 million, following $681.1 million a week earlier
- —October outflows reach about $615 million after $293 million of inflows early in the month
- —A single session on October 7 saw $484.9 million withdrawn
- —Roughly $950 million in leveraged positions were liquidated in 24 hours, 90% longs
Why it matters: BTC trading below ETF holders' average cost raises the risk of further selling, especially with US inflation at 3.7% keeping rate pressure on risk assets.
Source: Cointribune