BlackRock IBIT: $663M Inflow Erases October ETF Outflows

BlackRock IBIT captured the entire $663M daily inflow into US spot Bitcoin ETFs yesterday, the largest single-day total since September, according to Glassnode. That volume alone erased the funds' net outflows for October and signals potential demand recovery if follow-through materializes.

Bitcoin trades at $82896.56 on the 4h chart inside a bullish structure defined by EMA50 at $82241.79 and EMA200 at $82051.77. Price is testing the upper Bollinger Band resistance at $82873.79 while RSI(14) sits at 58.06 and MACD registers a bullish golden cross at 7.74. With price pressing the upper volatility band yet momentum still neutral, a healthy pullback toward the EMA50 support zone appears probable before any sustained continuation higher.