Where Could Bitcoin End October? We Asked ChatGPT AI
ChatGPT puts Bitcoin near $80,000 at month-end as $635.6 million in U.S. spot Bitcoin ETF outflows and oil-price pressure weigh on the market.
- On Thursday, October 22, U.S. spot Bitcoin ETFs recorded $635.49 million in net outflows, according to SoSoValue data, ending a three-day streak of inflows totaling approximately $1.08 billion.
- Renewed selling followed Bitcoin's rejection near $85,000, with the cryptocurrency falling 0.97% to $81,449.88 on Friday, October 23, marking the largest single-day net outflow since June 25.
- The iShares Bitcoin Trust accounted for $254.1 million of the outflow, while Brent crude prices hold above $100 amid persistent tensions in the Gulf.
- Exchanges liquidated approximately $406.27 million in positions belonging to around 89,600 traders over 24 hours, with the largest liquidation on Hyperliquid involving a $7.93 million BTC-USD position.
- ChatGPT forecasts Bitcoin at around $80,000 by October 31, with a 30% chance of dipping below $78,000 as ETF flows, technology stocks, and oil prices influence performance.
31 Articles
31 Articles
Where Could Bitcoin End October? We Asked ChatGPT AI
Bitcoin has been grinding near $80,000 while ETF flows just swung from a $528 million gain to a $636 million loss in back-to-back sessions. We asked ChatGPT where that volatility leaves BTC when October closes out.
The bitcoin operates close to stability on Friday (23), quoted at US$ 81,626,72 around 10:10, according to CoinGecko. In reality, the cryptocurrency valia R$ 412,214.70, with a slight drop of 0.07% in the last 24 hours, according to the CoinTrader Monitor. On Thursday (22), the bitcoin came to fall to US$ 80,940, following the fall of 2.6% of Nasdaq, an American index focused on technology companies. According to Marco Aurélio de Camargos, direc…
Bitcoin Price Prediction as ETF Outflows Resume, Oil Hits $114
Bitcoin price came under pressure as market participants react to the ongoing risk-on sentiment in the market. BTC dropped to $81,848 as crude oil prices continued to rise, with Brent, the global benchmark, rising to $114.3 and the CBOE VIX Index hitting $20. It also dropped as investors dumped Bitcoin ETFs. Bitcoin Price …
🚨 $773.43 million flowed out of US spot Bitcoin ETFs in two days, putting $BTC under pressure. 📉 The largest outflow on October 23rd was $110.34 million from BlackRock's IBIT fund. 📊 Weekly ETF flows remained positive at $228.2 million, while Bitcoin traded around $80,550. Read More: $773 Million Outflow Seen in US Spot Bitcoin ETFs in Two Days The article "$773 Million Outflow Seen in US Spot Bitcoin ETFs in Two Days" first appeared on COINT…
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