Overview
- U.S. spot Bitcoin ETFs swung back to withdrawals, with about $470.7 million in net outflows on Oct. 29 and roughly $488 million on Oct. 30, as all funds reported zero inflows on both days.
- More than $1 billion in crypto positions were liquidated over 24 hours as Bitcoin touched roughly $106,400, with Ethereum dipping below $3,700 and broad altcoin losses intensifying.
- Roughly $13.5 billion in Bitcoin options and about $2.5 billion in Ethereum options expire on Oct. 31, concentrating near-term volatility as traders eye resistance near $112,000–$113,500 and a max-pain level around $114,000.
- On-chain and flow data point to cooler U.S. demand, with long-term holders distributing about 104,000 BTC per month, daily exchange transfers near $293 million, Coinbase premiums flat, and CME futures basis at multi‑year lows.
- Technical readings remain disputed around Bitcoin’s 200‑day moving average, and on-chain trackers flagged SpaceX’s third Bitcoin transfer in 10 days (281 BTC), which analysts characterized as custody management rather than exchange selling.