Hot inflation data revived Fed rate-hike bets, and leveraged bulls paid the bill as nearly $1 billion in crypto positions were liquidated.
Crypto exchanges can earn trading fees during Bitcoin crashes. Learn how liquidations, spreads and derivatives work, and why exchanges can still lose money.
Bitcoin rebounds after testing $80,000 as Treasury yields retreat, but hot US inflation, ETF outflows and Fed uncertainty threaten BTC's recovery.
The three transfers through 8 a.m. ET Oct. 15 included $51.4 million sent off exchanges and $24.1 million sent onto them.
A 2024 survey-based estimate put annual electricity use at 138 TWh, while a live economic model showed 204.44 TWh annualized on Oct. 15, 2026.
U.S. crypto ETF flows swung sharply back into negative territory on Wednesday, with bitcoin and ether funds shedding a combined $390.97 million. The reversal erased Tuesday's improvement and pushed the two largest ETF categories to roughly $341 million in combined outflows for the week so far.
Bitcoin held above $81,000 despite a 0.99% decline, while trading volume surged 44.69%. Sentiment fell to neutral as exchange inflows and negative funding signaled near-term pressure.
Transfers above $10 million brought 53,200 Bitcoin (BTC) into the country, while transfers below $10,000 remained net outbound in every measured period.
ETF Outflows: Bitcoin and Ethereum ETFs recorded combined net outflows of roughly $390.9 million on Oct. 14, reversing the previous day's recovery and highlighting renewed selling pressure. Fund Leaders: BlackRock and Fidelity led withdrawals on the BTC side, while BlackRock's Ethereum fund accounted for most Ethereum-related outflows.
As Bitcoin (BTC) closed the third quarter (Q3) 2026 up over 43%, ending its third consecutive quarter of overall losses, users paid nearly $21 million in total transaction fees during the period.
BTC is below its 21-period EMA and temporarily finding support near the 50-period EMA, while its RSI has returned to a neutral 50.
BTC fell 3.6% to $80,764 as South Korea's Kospi sank 8% and Japan's Nikkei dropped 5.2% in a risk-off selloff following hot US inflation data.