
Bitcoin ETFs Erase October's Inflows With Their Worst Day Since June
US spot bitcoin funds shed about $485 million on Wednesday and turned the month negative. Two flow providers published two different totals.
Altcoins, ETH & general crypto

US spot bitcoin funds shed about $485 million on Wednesday and turned the month negative. Two flow providers published two different totals.

Bitcoin broke below $84,000 in the Tuesday-night session and four outlets published four different liquidation totals. Spot bitcoin and ether funds moved opposite ways.

The Japanese treasury company disclosed a round trip it says was done to prove its bitcoin can be turned into cash. It ended the quarter with 44,000 BTC.

Bitcoin traded near $85,400 on Tuesday, a year to the day after its $126,000 high. Two accounts put the drawdown at 32% and differ on where the low sat.

Bitcoin reached just under $86,950 on Monday and was back below $86,000 within hours. Its 100-day average is one crossover from a full bullish stack.

A patch merged on 25 September stops Bitcoin Core signing SIGHASH_SINGLE inputs with no matching output. Accounts disagree on whether any release carries it.

Utexo, which raised $7.5 million in a round led by Tether, will issue USDT on Bitcoin's base layer in October. Tether cannot freeze a UTXO, so a blacklist does the work.

The $85,000 asks came off the book on Friday and bitcoin traded as high as $87,000. US September payrolls came in at 29,000 against forecasts near 90,000.

US spot bitcoin ETFs drew $2.65 billion of net inflows in September, against $3.52 billion in August. Ether funds took $832.43 million.

CoinMarketCap greeted the new month by telling followers that September spending returns 100x in October. Bitcoin traded near $84,800 on Thursday after a green September. The seasonal record behind the slogan is strong, uneven and one year out of date.

Citi raised its 12-month bitcoin target to $113,000 from $82,000 and its ether target to $3,028, pricing in $5 billion of ETF inflows over the year.

CryptoQuant's trend gauge reads 90 out of 100. Its own demand series shows about 170,000 BTC of buying gone in 30 days, and futures growth has nearly stopped.