Bitcoin Slips 2% in October Despite Historically Bullish 'Uptober'
- —Bitcoin is down 2% in October, trading near $82,393
- —U.S. spot bitcoin ETFs saw $228.4 million in outflows last week
- —Bitcoin posted its best quarter since 2024 in Q3
- —The August rally followed Treasury's plan to more than double debt buybacks
Why it matters: ETF outflows and a weak October start suggest U.S. demand remains fragile, and seasonal tailwinds alone may not keep BTC above $80,000.
Source: Bitcoin Magazine
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