According to Decrypt and SoSoValue data, US spot Bitcoin ETFs saw a net outflow of $228.6 million this week, following an outflow of $681.1 million the previous week, totaling approximately $910 million in outflows over two weeks. Although October began with inflows of about $293 million, the month has now turned into a net outflow of approximately $615 million. The outflows are linked to higher-than-expected inflation data (September CPI rose 3.7% year-over-year) and increasing expectations of Federal Reserve interest rate hikes. Bitcoin's price briefly fell below $80,000, leading to the liquidation of nearly $950 million in leveraged crypto positions.