Bitcoin ETF Holders Pull $635 Million Before Price Even Hits Their Usual Breaking Point

Investors withdrew $635.49 million from US spot Bitcoin exchange-traded funds on October 22, the largest single-day outflow since June 25. The withdrawal ended a three-day inflow streak of about $1.08 billion and followed a $528.40 million inflow the previous day. DWF Labs, a crypto market maker, said its research since January 2024 found ETF selling picks up once Bitcoin closes 7% below its 20-day high. Bitcoin closed October 22 about 5.9% below its October 4 high of $86,530, near the resulting threshold of about $80,470, and traded at $81,297, down 3.41% over 24 hours.