On October 16, US spot Bitcoin ETFs experienced $82.39 million in outflows, led by BlackRock’s iShares Bitcoin Trust with $71.78 million withdrawn. Ethereum ETFs also saw $69.68 million in outflows, marking the third consecutive day of withdrawals. These outflows coincided with Bitcoin trading around $81,381, down slightly over 24 hours and a week. Analyst Cryptoinsightuk warned of a potential deeper Bitcoin correction toward $75,000 due to rising leveraged long positions and positive funding rates, which could lead to forced liquidations and increased selling pressure. Despite these pressures, the market’s next move remains uncertain, with Bitcoin’s ability to stabilize above recent lows being key to future trends.
Crypto ETF outflows reached $166.78 million, with Bitcoin ETFs alone seeing $82.39 million withdrawn as of October 17, 2026, 17:01 WIB. For readers following cryptocurrency markets, here is Pluang's snapshot: out of 50 major cryptocurrencies, 7 rose and 42 fell today. Notable movers include ZIL (Zilliqa) down 10.37% with 100% buy order activity, EOS (EOS.IO) up 8.13%, and SAND (The Sandbox) up 7.85% with 59% buy orders, reflecting varied investor sentiment.
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