The isolated outflow from BlackRock's IBIT highlights investor-specific decisions, underscoring the influence of major ETFs on Bitcoin's market dynamics. BlackRock's IBIT accounts for all $65.4 million in Bitcoin ETF outflows on October 12.
BTC dumped below $81K on Tuesday morning before it suddenly rebounded to over $83,000. All within a few hours.
Bitcoin recovered from a drop below $81,000 as the KOSPI fell more than 6% and the U.S. market awaited Wednesday's consumer-price report.
Bitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday's US CPI report.
On October 12, Blockspace disclosed that IREN sealed a multi-year cloud contract with Anthropic. However, both organizations have refused to make a confirmation.
Bitcoin traded at $83,004.44 in the latest market update, extending its gain for the day above the $83,000 level.
Bitcoin briefly fell near $81,000 before recovering above $82,000. Ether dropped below $2,500 as multiple crypto sectors posted losses.
Real-world asset tokens fell 6.94% over 24 hours, while Ether dropped below $2,500 as losses spread across major crypto sectors.
The figure is more than nine times the $1.28 billion in open interest for contracts expiring Oct. 16, when puts outnumber calls.
The forced liquidation occurred in an OKX Bitcoin perpetual futures contract at 10:11 p.m. ET on Oct. 12.
The Ether purchases totaled about $69.68 million at an average price of $2,534. The Bitcoin was converted into USDC before the funds moved across networks.
A UK High Court ruling in the 61,000 BTC Qian Zhimin case leaves a key question open: whether victims can appeal over property rights to the bitcoin.