Bitcoin drops 2.67% to $81,125, erasing half of September gains amid $484.9M ETF outflows
Bitcoin's price fell 2.67% in the last 24 hours to $81,125, cutting its September gains in half. This comes as spot Bitcoin ETFs saw $484.9 million in outflows on October 7, their worst day since June. Additionally, approximately $429 million in leveraged positions were liquidated over 24 hours, with 87.5% being long positions. The market is also facing macro headwinds, including Wall Street's retreat, Brent crude near $100, high Treasury yields, and expectations of another Fed rate hike.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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