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Two-day ETF redemptions still left the week positive by about $301 million, though October remained down roughly $314 million, SoSoValue data showed.
Bitcoin dips below $80,000, with CoinGecko data showing a low of $79,332 before a recovery to $80,240, leaving it down 2.5% over the week. The move coincided with U.S. spot Bitcoin ETFs posting $635.5 million in net outflows on Thursday and another $137.9 million on Friday, according to SoSoValue.
ETF outflows dominated late-week flows
Even after the late-week redemptions, the report says the funds ended the week up about $301 million, snapping a two-week losing streak. That implies earlier in the week saw roughly $1.07 billion of net inflows (the week’s net gain of about $301 million plus the $773.4 million outflow). Set against that, the two-day outflow was about 72% ($773.4 million against roughly $1.07 billion). October remains down about $314 million, by the report’s figures.
When ETFs experience net outflows, shares outstanding fall. In cash redemptions, funds sell part of their underlying, which can add to selling pressure; in-kind redemptions transfer the asset instead. The flow data shows size and timing of moves, not who sold or the redemption method.
▼ 0.41%
Prices as of 2026-10-26 15:02 UTC. Source: CoinGecko.
Levels and events traders are watching
Analysts quoted in the report linked Bitcoin’s slip to a broader risk-off move in technology shares and to event risk. Daniela Hathorn, senior market analyst at Capital.com, said, “Persistent inflation, elevated Treasury yields and expectations of further Federal Reserve tightening have reduced enthusiasm for speculative assets.” The report also flags the Federal Reserve’s decision on Wednesday and the U.S. midterm elections on November 3 as potential volatility points, along with major technology earnings.
Stephen Wundke of Algoz called $80,000 a psychological marker and pointed to thin weekend liquidity, adding, “The bull case for Bitcoin is not dead but it is keeping its head below the parapet whilst so many stray bullets are flying across the globe.” He said trading volumes have been fading as some investors rotate from altcoins into stablecoins, and he highlighted $82,000 as a level that supported prior rallies.
Tim Sun, a senior researcher at HashKey, attributed part of the decline to outflows from spot ETFs and the unwinding of leverage, and said that if price weakens further he sees $75,000 as a key support. With the Fed decision ahead, the report suggests price and flows could remain sensitive to macro headlines. The next dated events are the Fed’s Wednesday decision and the November 3 midterms.
Source: Decrypt.
This article was written with AI assistance and reviewed by an editor.
This content is for informational purposes only and does not constitute financial advice.
🧠 HafidWatch Take
The near balance between weekly inflows and monthly outflows in U.S. spot Bitcoin ETFs could signal a potential stabilization in price if this pattern continues. However, sustained inflows are likely dependent on broader market conditions, including Federal Reserve policy and investor risk appetite. Monitoring how these flow dynamics respond to upcoming events like the Fed decision and midterm elections will be crucial to understanding whether the current equilibrium holds or shifts, influencing Bitcoin’s short-term momentum.
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