Crypto
Bitcoin Falters on ETF Outflows as Key Resistance Levels Loom
Bitcoin started October near $83,500 as strong demand for U.S. spot exchange-traded funds (ETFs) in September reversed on its final trading day with net outflows of $148.69 million.
This contrast between the monthly inflows and late-day withdrawals indicates mixed signals about investor demand.
The Federal Reserve's next policy meeting is scheduled for October 27-28, but its impact on Bitcoin remains uncertain.
Historically, Bitcoin has risen in 10 out of 13 Octobers from 2013 to 2025 and fallen in the other three.