WS #16401
Spot Bitcoin ETFs recorded a massive $636 million outflow on Thursday, marking the largest single-day bleed of the month and pushing October flows into negative territory. Bitcoin price action has dipped below $81,000, losing key support levels as risk-off sentiment from the oil crisis and tech selloff spills over into digital assets. The correlation between traditional risk assets and crypto remains strong, with Ethereum and Solana funds also experiencing significant outflows.
Crypto Outflows & Risk-Off
Spot Bitcoin ETFs recorded a massive $636 million outflow on Thursday, marking the largest single-day bleed of the month and pushing October flows into negative territory. Bitcoin price action has dipped below $81,000, losing key support levels as risk-off sentiment from the oil crisis and tech selloff spills over into digital assets. The correlation between traditional risk assets and crypto remains strong, with Ethereum and Solana funds also experiencing significant outflows.