According to Decrypt, investors withdrew $484.9 million from spot Bitcoin ETFs in one day, marking the worst outflow for these funds since June. The withdrawal occurred as broader market conditions intensified pressure on risk assets. Oil prices are near $100 per barrel, bond yields have reached their highest level since 2002, and the Federal Reserve has not completed its hiking cycle. These factors together contributed to a red performance described as “Uptober turning red,” reflecting heightened caution among investors.
