Bitcoin ETFs: $282.91M Outflow Recorded
Bitcoin ETFs posted 1D netflow of -3,412 BTC worth $282.91M while Ethereum ETFs saw -38,576 ETH outflows, coinciding with BTC trading at $82674.18 on bearish 4h structure.
SourceAnalysis
Bitcoin ETFs recorded 1D netflow of -3,412 BTC ($282.91M) and 7D netflow of -6,747 BTC ($559.35M) on October 9 while Ethereum ETFs posted -38,576 ETH ($96.2M) daily and -206,680 ETH ($515.41M) weekly, amplifying pressure on BTC price prediction models amid sustained institutional selling. Price sits at $82674.18 inside the Bollinger band with upper resistance at $86326.27 and lower support at $80598.75, EMA50 at $83928.79 acting as immediate overhead resistance and EMA200 at $82207.9 providing the floor, while MACD death cross at -685.99 and RSI at 42.62 confirm bearish momentum without oversold conditions. This confluence points to continued downside testing toward the lower band before any relief rally, directly feeding into broader crypto market crash narratives and Ethereum ETF net flows tracking.
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