Overview
- BTC is consolidating around $104,000–$108,000 after a second weekly selloff, with technicians focused on the 200‑day marker and the 365‑day average near $100,000.
- U.S. spot Bitcoin ETFs recorded a $536.4 million single‑day net outflow on Oct. 16 and continued redemptions into the week, with reports tallying more than $1.2–$1.6 billion in net outflows.
- Derivatives saw roughly $1.2 billion in 24‑hour liquidations on Friday, following last week’s $19 billion cascade that accelerated the initial drop from early‑October highs.
- Risk sentiment deteriorated to Extreme Fear as gold hit fresh records and macro stress from U.S.–China trade tensions and regional bank worries pushed investors toward havens.
- On‑chain data flagged long‑term holder distribution and rising exchange inflows, and Polymarket pricing showed about 52% odds of a dip below $100,000 before month‑end.