Bitcoin trades near $82K amid $230M ETF outflows and weak buying demand.
Bitcoin (BTC) traded near $82,000 on October 19 as U.S. spot exchange-traded funds (ETFs) recorded about $230 million in weekly net outflows, indicating weak buying demand. Although broader profit-taking had eased since early October, the continued ETF outflows and net selling by spot traders suggest limited investor interest. Earlier in the month, short-term profitable holders (those holding BTC for fewer than 155 days) accounted for a significant 86% of coins sent to exchanges on October 4, the highest daily share in a year. This activity preceded a peak price above $85,000 before Bitcoin retreated, highlighting cautious market behavior.
Bitcoin (BTC) traded near $82,000 on October 19 as U.S. spot exchange-traded funds (ETFs) recorded about $230 million in weekly net outflows, indicating weak buying demand. Although broader profit-taking had eased since early October, the continued ETF outflows and net selling by spot traders suggest limited investor interest. Earlier in the month, short-term profitable holders (those holding BTC for fewer than 155 days) accounted for a significant 86% of coins sent to exchanges on October 4, the highest daily share in a year. This activity preceded a peak price above $85,000 before Bitcoin retreated, highlighting cautious market behavior.
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