Bitcoin Holds Above $83,000 as ETF Outflows and Global Market Caution Weigh on Sentiment

Bitcoin's Recovery and ETF Outflows Raise Questions About Institutional Crypto Adoption

Global Settlement Network CEO Ryan Kirkley on Bitcoin's recovery above $83,000, spot ETF outflows and why institutional crypto adoption needs more than inflows.

Bitcoin Holds Above $83,000 as ETF Outflows and Global Market Caution Weigh on Sentiment

Bitcoin remained above $83,000 as traders assessed ETF redemptions, elevated oil prices and uncertainty over US monetary policy. Strive added 3,311 BTC to its holdings, while improving on-chain trends suggested renewed accumulation by large investors. However, continued outflows from Bitcoin and Ethereum ETFs have kept market sentiment cautious ahead of the US inflation report.

Bitcoin falls below $83,000 as ETF outflows hit $773 million

🚨 Bitcoin dropped below $83,000 amid ETF outflows worth $773 million. 📉 Institutional demand for $BTC has weakened ahead of the US inflation report. 📊 September’s CPI release could influence the Federal Reserve’s next policy move. Continue Reading:Bitcoin falls below $83,000...

U.S. Bitcoin and Ether ETFs Extend Seven-Day Net Outflows

Bitcoin ETFs shed 788 BTC and Ether ETFs lost 29,926 ETH in daily net flows, with both products posting net outflows over seven days.

Bitcoin Price Eyes $87K Rebound as ETF Outflows Top $1 Billion

Key Insights Bitcoin price recovered toward $83,500 after last week’s decline. Bitcoin and Ether ETFs recorded over $1 billion in October outflows. Analysts identified $85,500 resistance before a possible advance toward $87,000. Bitcoin price entered Monday’s trading near a contested resistance zone after recovering from last week’s decline. CoinGecko recorded Sunday’s closing price at $83,691, following a slide toward $81,000. The rebound came…