DWF Labs: Bitcoin slips below $80K and ETF investors' average cost basis
- —BTC closed the week at $80,386, down 1.98%; ETH fell 2.64% to $2,344
- —Bitcoin ETFs drew $301.2 million, with $565.7 million into IBIT and $264.5 million out of the rest
- —Ethereum ETFs lost $220.7 million for the week and $1.22 billion since September 28
- —Long liquidations from October 22–24 hit $1.23 billion, 82% of all liquidations
Why it matters: A break below ETF investors' average cost and persistent ETH ETF outflows raise the risk of further BTC downside ahead of the Fed's October 28 decision.
Source: Blockmedia