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

💡 DMK Insight

Bitcoin ETF outflows stayed low during a 20% price drop, and here’s why that’s significant: Typically, large outflows signal panic selling, but the muted response suggests that institutional investors might be holding firm, viewing this dip as a buying opportunity. This could indicate a divergence in sentiment between retail and institutional traders. If institutions are confident enough to maintain their positions, it might stabilize the market in the short term. Traders should keep an eye on the $25,000 support level—if it holds, we could see a bounce back. Conversely, if outflows increase, it might signal deeper bearish sentiment, especially if we break below that support. But don’t overlook the broader context: October has historically been volatile for crypto, and this year is no different. The lack of significant ETF outflows could mean that institutions are preparing for a potential recovery, especially if macroeconomic indicators start to improve. Watch for any shifts in trading volume or sentiment as we approach the end of the month, as these could provide clues about the next moves in Bitcoin and related assets like Ethereum.