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Bitcoin slips below $80K as ETF outflows hit ahead of the Fed decision
US spot Bitcoin ETFs lost $635 million in a single day last Thursday, the biggest daily outflow since June 25, according to Farside-based reports. Bitcoin dipped to about $79,300 over the weekend and trades around $80,000 as Fed week begins.
- The $635M Thursday outflow is the largest single-day exit from US spot Bitcoin ETFs since June 25; reports also cite $909.7M of net outflows in the two weeks to October 16.
- Bitcoin dipped to about $79,263 on October 25 after a weekend sell-off, then recovered toward $80,800.
- The Fed decision is due this week (reports point to October 28); sources disagree on some daily flow figures, so check Farside for the latest.