Bitcoin slips back toward $80,000 as US spot ETFs see $635 million in one-day outflows
Thursday's net outflows nearly matched the funds' losses for the entire week ending October 9, according to SoSoValue data.
The short answer
- US spot bitcoin ETFs had net outflows of over $635 million on Thursday and $137.94 million on Friday (SoSoValue).
- Bitcoin traded around $80,500 on Saturday, a level last seen in September.
- Bitcoin briefly fell below $80,000 earlier this month for the first time in a month (CoinDesk).
Bitcoin's price dropped to around $80,000 on Saturday, a level it last traded at in September, as US spot bitcoin exchange-traded funds recorded heavy outflows, Stocktwits reported via Yahoo Finance.
The funds saw over $635 million in net outflows on Thursday and $137.94 million on Friday, according to SoSoValue data. Thursday's figure nearly matched the $681 million lost over the entire week ending October 9.
Earlier in the month, CoinDesk reported that bitcoin bounced back to $82,000 after its first fall below $80,000 in a month, following a hotter-than-expected US inflation report and an AI-led stock sell-off.
The macro backdrop
Rising oil prices added to the pressure: Brent settled at its highest since April on Friday, stoking inflation fears ahead of the Federal Reserve's decision on Wednesday. Higher-for-longer interest rates have historically weighed on speculative assets.
Sources
- Bitcoin ETFs See $635M Outflow In A Day As BTC Slips Back To September Levels — Stocktwits via Yahoo Finance
- Bitcoin bounces back to $82,000 after first fall below $80,000 in one month — CoinDesk
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- 27 Oct 2026, 07:58 UTC
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- 27 Oct 2026, 07:58 UTC
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