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Published 22 Oct 2026, 16:31 UTC · fetched 3 Nov 2026, 11:00 UTC
Nebraskangooner
@Nebraskangooner
Quoting · 9 Oct 2026, 19:04 UTC · context given to the AI
#Bitcoin spot ETFs recorded roughly $729M in net outflows over two days: • Wednesday: $485M • Thursday: $244M That’s money leaving the funds through net redemptions, separate from losses caused by BTC’s price falling. Bitfinex also estimates $BTC is trading near the average ETF holder’s entry price. So these withdrawals are happening with much of the cohort’s unrealized profit already erased. Some investors are still in profit, while others are underwater, but the estimated average holder is around breakeven. Meanwhile, over $500M in leveraged crypto positions were liquidated in the 24-hour window reported Wednesday, mostly longs. That’s the advantage of holding spot. You can be wrong on timing without being forced out of the trade.#Bitcoin sitting right on the ETF cost basis around $81k. That's the average price ETF buyers paid, so a lot of them are back near breakeven, and breakeven is where tired holders like to sell. Altcoin price action the next couple days could be a clue for what $BTC will do. https://t.co/JJJeYqlc6iView original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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