US Bitcoin ETFs experienced $484.9 million in net outflows on Wednesday, reversing earlier inflows this week. Major funds like BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led the withdrawals. This shift reflects weakening investor sentiment, coinciding with Bitcoin's price falling about 1.8% to near $82,700. The decline is linked to rising US Treasury yields, a stronger dollar, and Federal Reserve signals of potential interest rate hikes. Bitcoin's support now rests around $82,000 to $83,000, with further drops possible if this level breaks.
Bitcoin ETF outflows reached $484.9 million on Wednesday, signaling a notable shift in investor sentiment. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 08, 2026 17:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 22 rose and 27 fell today. Notable movers include YFI (Yearn) down 3.36% with a typical hold time of 93 days and a 10% sell order activity, EGLD (MultiversX) up 3.21% with 100% buy order activity, and MANA (Decentraland) down 3.04% with a typical hold time of 156 days and 18% sell order activity.
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