Bitcoin closed at $82,546.32 on Oct. 9, while U.S. spot Bitcoin ETFs recorded $729 million in combined net outflows over two sessions and OKX disclosed a $25 billion pre-money valuation.
In this week's edition of the weekly recap, Bitcoin lost its early-October gains as U.S. exchange-traded funds recorded heavy withdrawals, while the Treasury abandoned two proposed crypto reporting rules.
The selective inflow into Bitcoin ETFs amid broader outflows suggests a cautious investor sentiment, highlighting Bitcoin's relative appeal. Bitcoin spot ETFs see $21M in net inflows on October 9.
Binance spot-market buy orders reached $11.61 million against $7.66 million in sell orders, while Bitcoin traded at $82,840.
Bitcoin's annualized volatility is about 46% year to date, but it has posted 10 three-sigma daily moves through Oct. 9, compared with eight during all of 2018.
Bitcoin's reduced average volatility masks frequent extreme swings, posing increased risks for traders and altering investment strategies. Bitcoin's volatility is falling, but its extreme price swings now outpace 2018.
Bitcoin spot ETFs recorded $21.13 million in net inflows, while Ether ETFs posted $56.10 million in net outflows for a ninth straight session.
CoinDesk analysis finds 10 unusually large trading days in 2026, raising questions about how investors measure risk in an increasingly institutional crypto market.
NEAR led crypto inflows with $7.43 million over five hours, while Bitcoin posted the largest outflow at $4.90 million. Stablecoins and fiat currencies also showed notable rotation.
ETF outflows hit $409 million in just 9 days in the month of October.
Major exchange bitcoin reserves were flat on the day at about 2,435,394 BTC, but weekly and monthly outflows continued. Binance BTCUSDT volume fell across Asia, Europe and U.S. sessions.
The 61.63 BTC ask was about 0.42% above a midpoint of $82,523, while nearby sell depth exceeded buy depth by $538,000.