Bitcoin ETF Bloodbath: $635M Single-Day Outflow
Spot Bitcoin ETFs suffered their largest single-day net outflow since June 25, shedding $635.5M on Oct 22 — a sharp reversal from $1B+ inflows earlier in the week. ETH ETFs also bled $110.5M. BTC is holding ~$81k despite the pressure.
What we know
@TheBlockCo confirmed the $635.5M net outflow figure, with IBIT (-$254M), FBTC (-$217M), and ARKB (-$109M) leading the selling. An account on X shared the full FarsideUK breakdown. Despite this, another account on X still expects the next major move to be upside toward $90.5k, and another account on X sees the setup as a Sep-15 fractal with a low-vol weekend pump into FOMC. TraderSZ's view: range-bound until a macro catalyst breaks it, likely a weaker dollar.
How the story developed
Spot Bitcoin ETFs suffered their largest single-day net outflow since June 25, shedding $635.5M on Oct 22 — a sharp reversal from $1B+ inflows earlier in the week. ETH ETFs also bled $110.5M. BTC is holding ~$81k despite the pressure.
An unknown actor compromised Swell's liquid staking operational hot keys on Oct. 21, manipulating the swETH/rswETH oracle to raise exchange rates by 1% per hour with no actual ETH backing. Four protocols are reported to be affected.
Sources
“Spot bitcoin ETFs shed $635.5 million on Thursday, marking their largest single-day net outflow since June 25”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.