Bitcoin fell 1.3% while Nasdaq-100 lost 5.5% in last week's tech selloff
- —BTC fell 1.27% vs. the Nasdaq-100's 5.49% decline from Oct. 9 to Oct. 16
- —Leveraged funds cut net shorts in Bitcoin futures by 1,008 contracts, or 14.71%, in the week to Oct. 13
- —Bitcoin ETFs saw outflows of $678.9 million in the week to Oct. 9 and $228.4 million from Oct. 12 to 16
- —US spot Bitcoin ETFs took in $526.7 million on Oct. 19, with $665.2 million flowing into IBIT
Why it matters: Bitcoin's relative resilience may not hold if liquidity stress deepens and funds cut risk across all assets.
Source: CryptoSlate