WS #16394
US spot Bitcoin ETFs experienced a massive $635.49 million withdrawal on October 22, marking the largest single-day outflow since late June. This liquidity drain coincides with Bitcoin dipping below $82,000 to $81,909, reflecting a flight to safety and cash in the face of the escalating geopolitical crisis. The outflow suggests institutional investors are de-risking crypto exposure as traditional equity markets falter.
Bitcoin ETF Outflows
US spot Bitcoin ETFs experienced a massive $635.49 million withdrawal on October 22, marking the largest single-day outflow since late June. This liquidity drain coincides with Bitcoin dipping below $82,000 to $81,909, reflecting a flight to safety and cash in the face of the escalating geopolitical crisis. The outflow suggests institutional investors are de-risking crypto exposure as traditional equity markets falter.