Bitcoin Extends Slide to About $107,000 as ETF Outflows and Fed Uncertainty Weigh

Overview

• Bitcoin traded near $107,000 after touching $105,306 intraday, leaving it down roughly 2% to 2.5% on the session.
• Ether, XRP, solana and BNB fell by mid- to high-single digits, deepening the sector’s short-term weakness.
• U.S. spot bitcoin ETFs recorded a $191.6 million net outflow on Oct. 31, led by $149.3 million from BlackRock’s IBIT; ether ETFs saw withdrawals as Bitwise’s solana fund drew inflows.
• Exchanges’ bitcoin reserves have declined as coins move to private wallets, even as desks cite softer institutional demand and profit-taking by long-term holders.
• Market tone stayed cautious after mixed commentary from Federal Reserve officials, and outlooks span a rebound to new highs or a 65%–70% slide over the next two years.