Don't blame ETFs, BTC sell-off 'coming from inside the house': Analyst

💡 DMK Insight

Bitcoin ETF outflows remained muted during October’s 20% price drop, and here’s why that’s significant: Typically, large outflows signal panic selling, but the relatively small outflows suggest that institutional investors are holding firm. This could indicate a belief in Bitcoin’s long-term value despite short-term volatility. Traders should consider that this behavior might lead to a stronger rebound once market sentiment stabilizes. Keep an eye on the $25,000 support level; if it holds, it could attract more buyers looking for a bargain. Conversely, if we see a breach below this level, it could trigger further selling pressure. Also, worth noting is how this contrasts with previous market corrections where ETF outflows were much larger, suggesting a shift in investor sentiment. Institutions might be viewing this dip as a buying opportunity rather than a reason to exit. Watch for any shifts in ETF inflows in the coming weeks, as a reversal could signal renewed bullish momentum.