How much was withdrawn from Bitcoin ETFs?
Numbers of the week. On October 22, $635.6 million was withdrawn from Bitcoin ETFs. On October 23, another $137.9 million left.
- $110.3 million - outflow from BlackRock's IBIT on Friday
- $31.8 million - outflow from Fidelity's FBTC during the same session
- $301.2 million - the week's final plus for October 19-23
Why a plus with such outflows. Money flowed into the funds in the first days of the week and left in the last ones.
What about altcoins?
Ethereum in the plus. On Monday, Ethereum funds received about $16.1 million. The entire inflow came from the Fidelity Ethereum Fund (FETH).
- $220.7 million - withdrawn from ETH funds from October 19 to 23, including $110.6 million in a single Thursday
- $8.2 million - outflow from Solana funds: Bitwise's BSOL minus $7.2 million, Morgan Stanley's product plus $0.8 million
- $4.3 million - withdrawn from Hyperliquid funds
Why is the market selling?
Price sets the tone. BTC briefly dropped below $80,000 and traded around $79,595. Over the week it lost 2.6%.
Retail is exiting on the bounce. A CryptoQuant analyst under the nickname Darkfost looks at the movement of holders' funds.
- $10.8 billion - deposits of small holders on Binance, over 30 days the figure nearly doubled
- $3.8 billion - inflows from large holders, they declined
- 48 out of 100 - fear and greed index
Key point: small holders are using the bounce to sell, while large players are cutting risk.
What happens next?
The data is still incomplete. Final figures for Bitcoin funds for October 26 are not yet available.
Why so. One of the trackers received 1 report out of 58 expected, so any daily totals are preliminary.
- October 28 - the Fed's rate decision, conveniently kept in the economic calendar
- $202 million - minus for Bitcoin ETFs at the end of October
- Risk - the market is currently cutting it right ahead of the Fed meeting
For volatile weeks, it's worth picking a challenge to suit your style in advance.
Did you watch the flush below $80,000?
In weeks like these, institutions move hundreds of millions back and forth. For a private trader, a $4-5 thousand point move in BTC turns into a couple dozen dollars of result. The gap isn't in the analysis or the terminal, but in the nominal you work with. In prop trading, the trading account is provided by the company: you pass the selection, trade according to the rules, and take a share of what you earn. The Fed meeting on October 28 is a good reason to understand the mechanics before the next such flush.