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Bitcoin ETFs see $635M outflows after $1B inflow surge, testing institutional demand amid price drop.

Market News
23 Oct 2026
Dailycoin
View Source
Bearish
Bitcoin ETFs see $635M outflows after $1B inflow surge, testing institutional demand amid price drop.

U.S. spot Bitcoin ETFs experienced their largest single-day net outflow since June, with $635.5 million withdrawn on October 22, following a $1 billion inflow earlier in the week. This outflow coincided with Bitcoin's price falling to around $81,200 and the liquidation of $315 million in leveraged positions. The drop in Bitcoin price and ETF outflows raise concerns about the strength of institutional demand, especially as Bitcoin closed below its 50-day moving average for the first time in over two months. Analysts suggest that a close above $82,000 is needed to regain buyer confidence. Additionally, corporate Bitcoin buyers remain cautious despite holding Bitcoin at a profit, potentially limiting further demand. ETF flows will be closely watched to determine if this outflow signals a short pause or a longer trend change in institutional interest.

While the article highlights Bitcoin's dip below $82,000 and significant ETF outflows, on Pluang Bitcoin trades at Rp1.473.695.768 as of Oct 23, 2026 20:32 WIB, showing a modest 0.08% decline over the past day. Despite this slight drop, Bitcoin's market cap remains substantial at Rp29.699,58 trillion with a high 24-hour trading volume of Rp453,35 trillion. The platform data also shows a dominant sell order activity at 70%, contrasting with the cautious institutional sentiment described in the news.

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