Only a matter of time until those flows turn positive again. October is traditionally a very good month for Bitcoin in halving years & one year post halving. Patience is required but I expect the price to be at least 10% higher at October close than it currently is.
The price of bitcoin has increased somewhat today, suggesting that the market may have bounced back. However, given that we continue to anticipate Israel's and its allies' response to Iran's bombing of Israel, it appears that investors are exercising caution. The United States asserted that it was closely coordinating with Israel on retaliation and that oil installations could be the intended target. The supply chain for gas and oil will be impacted by attacks like this, driving up prices. To be honest, I am hoping that the market will stay improving into the following year. 
Topic: October Brings Massive Bitcoin and Ethereum ETF Outflows, $291M Pulled... (Read 257 times)
October 04, 2024, 01:01:01 PM
October 04, 2024, 11:59:15 AM
With the current situations of war it won't be a surprise if we see more liquidations in the upcoming weeks.
People panic when there's uncertainity in the market. Things will go back to normal soon.
We have seen bitcoin pumping near the year end and may be we need to wait few weeks/months to see if the price recovers soon.
People panic when there's uncertainity in the market. Things will go back to normal soon.
We have seen bitcoin pumping near the year end and may be we need to wait few weeks/months to see if the price recovers soon.
October 04, 2024, 07:18:42 AM
Only a matter of time until those flows turn positive again. October is traditionally a very good month for Bitcoin in halving years & one year post halving. Patience is required but I expect the price to be at least 10% higher at October close than it currently is.
October 03, 2024, 06:59:21 PM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
In this market, anyone has the freedom to do what's best for their investments. So we can't do anything if they want to sell or not. One thing you can do is to take care of your assets and see what investment platform will possibly give you better profits.
Also, every one has their own financial needs. So you can't blame someone to sell something if he badly needs the money. Sometimes you need to sell even if you know that you are at a loss because of the financial urgency. The very reason why it is always advisable to invest spare money in crypto market because of its volatility factor. As you don't know when it will gain profit, you are just left to speculate and wish that you can gain profit when you finally sell-off your coins.
October 03, 2024, 04:50:23 AM
This is a signal for a more conservative approach, given that market volatility might be emanating, especially with the recent geopolitical tensions between the Middle East conflict and its implication on both crypto and traditional market. The outflows is massive but there is still an inflows tho it's small compared to the outflows, these only goes to prove that not all investors feel bearish about crypto. This mix of inflows and outflows further suggests that even as some investors are pulling back, other investors still see long-term potential in these assets. For now, I will keep keep paying attention of both market sentiment and global events before putting more money into market.
The market is like that, there are always two sides in the market, not everyone sells or not everyone buys when the market fluctuates. While this number may seem large, if we track ETF inflows, we will see that over $1 billion in inflows into the market last week alone. And according to today's ETFs flow report, although money is still flowing out of the market, the number is only 50 million and much smaller than yesterday. This shows that people seem to have stopped panicking. So I don't see this as anything too serious or worrying.
After all , ETF investors are just like us, some will panic and sell when the market panics but some will buy more regardless of how many people are selling .
https://decrypt.co/283740/bitcoin-etfs-1-billion
October 03, 2024, 03:14:37 AM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
If people are going to be scared then why do they have weak hands? Why are they pulling out of Bitcoin when such events should actually make the Bitcoin price go up? (because, you know, fear and all that).
It makes no sense, but then again these are investment companies we are talking about. We don't know if this is part of their long-term strategies or not.
October 03, 2024, 12:38:59 AM
This is a signal for a more conservative approach, given that market volatility might be emanating, especially with the recent geopolitical tensions between the Middle East conflict and its implication on both crypto and traditional market. The outflows is massive but there is still an inflows tho it's small compared to the outflows, these only goes to prove that not all investors feel bearish about crypto. This mix of inflows and outflows further suggests that even as some investors are pulling back, other investors still see long-term potential in these assets. For now, I will keep keep paying attention of both market sentiment and global events before putting more money into market.
October 02, 2024, 02:52:48 PM
Such kind of geopolitical events usually affect any open market assets like Bitcoin and stocks. I too think the current situation in middle East is affecting stock markets all around the world. In such uncertain times, investors usually run behind gold and other precious metals and they sell off volatile assets to safeguard their capital.
The current sell off seems like a classic example of protecting the capital.
The current sell off seems like a classic example of protecting the capital.
It's a well known fact that banks and other major corporations are owned by Jews. If you're right and that move made them panic and pull their money out, that's one of the dumbest moves they could do because bitcoin allows them to freely move money even to and from countries at war. Also, the attack did not do any real damage, so they overreacted and probably lost money.
Looks like for blackrock it's a day like any other with large inflows while GBTC loses money, like they do on any other day.
Bitcoin doesn't care if it's owned by an ETF or a private individual.
October 02, 2024, 02:51:39 PM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
It's the thought and delusion that has been in the minds of investors and influencers. People will come up with a narrative that whenever there is a crisis the market is supposed to go red. And then you see investors with massive BTC start selling them off while some people start buying them back because their narrative is that they have to buy when there is a crisis. It just depends on what will have heard about events and how they affect Bitcoin. So whatever action we take is based on the information we have. But I think its better if we stop focusing on narratives and information like this and go about our investment with the knowledge we have. Because no mater what happens the price will go back up.
October 02, 2024, 01:49:14 PM
On October 1st, US-based Ethereum ($ETH) and Bitcoin ($BTC) ETFs underwent their biggest outflows in nearly a month. Cumulative outflows from $BTC ETFs reached a whopping $242.6M and $48.6M from $ETH ETFs, indicating renewed uncertainty in the market, according to on-chain analytics platform Spot On Chain.
https://x.com/spotonchain/status/1841329471695237173
In terms of Bitcoin ETFs, Fidelity's $FBTC fund has seen the most outflows. Net redemptions of exchange-traded funds reportedly totaled $84.3M. The rest of the well-known Bitcoin ETFs witnessed massive withdrawals, including BlackRock, Greyscale, BitWise and VanEck. BlackRock Raises $40.8M in $IBIT Additionally, Grayscale lost $5.9M of $GBTC. However, Bitwise's $IBIT fund went through an outflow of $32.7M. VanEck's $HODL fund additionally recorded a significant exit of $15.8M.
Ethereum ETFs also experienced a lot of withdrawals. $FETH of Fidelity led the rest of the Ethereum ETFs in outflows It saw a net outflow of $25M. Greyscale's $ETHE ETF reportedly saw $26.6M in outflows. Subsequently, VanEck's $ETHV lost $2.7M while BlackRock's $ETHA withdrew $1.2M.
news link: https://blockchainreporter.net/october-brings-massive-bitcoin-and-ethereum-etf-outflows-291m-pulled/
https://x.com/spotonchain/status/1841329471695237173
In terms of Bitcoin ETFs, Fidelity's $FBTC fund has seen the most outflows. Net redemptions of exchange-traded funds reportedly totaled $84.3M. The rest of the well-known Bitcoin ETFs witnessed massive withdrawals, including BlackRock, Greyscale, BitWise and VanEck. BlackRock Raises $40.8M in $IBIT Additionally, Grayscale lost $5.9M of $GBTC. However, Bitwise's $IBIT fund went through an outflow of $32.7M. VanEck's $HODL fund additionally recorded a significant exit of $15.8M.
Ethereum ETFs also experienced a lot of withdrawals. $FETH of Fidelity led the rest of the Ethereum ETFs in outflows It saw a net outflow of $25M. Greyscale's $ETHE ETF reportedly saw $26.6M in outflows. Subsequently, VanEck's $ETHV lost $2.7M while BlackRock's $ETHA withdrew $1.2M.
news link: https://blockchainreporter.net/october-brings-massive-bitcoin-and-ethereum-etf-outflows-291m-pulled/
what makes me keep thinking is on whether if this could actually be orchestrated by the ongoing war or not, though everyone here were giving their own opinion concerning the market price and what led to the outflow, but could there be more other cognate reasons which we can use in proving about this.
Though we could also noticed that some users are busy saying that the market demand and supply is the major cause and once the other side is gaining momentum over the other, then there comes the shift in readjusting for the market price because the demand and supply also experienced same shift.
October 02, 2024, 01:30:21 PM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
Such kind of geopolitical events usually affect any open market assets like Bitcoin and stocks. I too think the current situation in middle East is affecting stock markets all around the world. In such uncertain times, investors usually run behind gold and other precious metals and they sell off volatile assets to safeguard their capital.
The current sell off seems like a classic example of protecting the capital.
October 02, 2024, 12:12:37 PM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
That's how whales can always take advantage of the global situation, with the fact that Iran and Israel do not contribute much to the crypto industry, especially the bitcoin market. So I agree with you, whales understand the big situation very well and creates noise in the market at the same time to be able to absorb it again at a lower price. His actions are certainly subtle, global problems can always attract anyone's attention so small retailers with a weak grip will be intimidated faster. 
October 02, 2024, 10:43:40 AM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
Probably using every major news of the world as a smoke screen and a tactic to justify why price went down, to be honest this is one of the reasons I feel institutional money isn't really good for bitcoin because its highly manipulative thanks to the selfish small lot of people out there flexing there way to being whales!!Sometimes I wonder if bitcoin was better off without all the big money because it hasn't done much ever since it got on stage.
The involvement of large institutions in the market has both advantages and disadvantages, without them we would not have large inflows into the market and bitcoin adoption would be much more difficult. On the other hand, it is really annoying when they enter the market and use their power and money to manipulate the market in their favor.
But more importantly: is there any way we can stop them even if we don't like their participation in the market? There is nothing we can do to stop them, we only have 1 choice which is to accept and adapt to everything.
Yes very true, there must be massive inflows for massive outflows to happen. It also goes to show
that these investors apply a traditional investment mindset to their Bitcoin ETF investments, at
the sign of anything which will spook the markets they apply a "weak hands" attitude.
There goes the "uptober" outlook for this month so far but no doubt there will be a more positive
sentiment shortly - hopefully!
Hopefully for both the prevention of more senseless loss of life in Gaza and Lebanon and for our
Bitcoin market the situation playing out now wont escalate.
October 02, 2024, 10:26:05 AM
This particular dip though is associated to the war and that’s why we see a lot of outflows from this institutions. The banging of the Iran and Israel war is what’s causing this FUd but it won’t last as long as this doesn’t escalate more than we have seen. So to overcome institutional fuds like this it is simple don’t get carried away with them and hodl your bitcoin till your target is reached
Covid-19 or war, it will not stay forever and Bitcoin will move to future where Covid-19 and war already ended. Wars are always terrible and financial markets will have big short term shocks while long term impact can be economic recession.Israel will counter attack Iran seriously and the whole Middle East will be on verge of massive war with engagement if many countries. Impacts on market will be big and unpredictable, so people will have big reasons to panic sell and exit the market.
For people with strong belief in Bitcoin, can continue holding with a principle that they have reserved money for use and emergency too. If they don't have it, it makes sense to cash out part of their bitcoin for cash before the war officially starts.
October 02, 2024, 10:13:59 AM
I am also always surprised that war like this is causing bitcoin to decrease in price. I can remember the last time Iran attacked Israel, the market also was not good at all before the market later become good. Also this time the same thing. Also I can remember the time when Russian invaded Ukraine, something like this also happened. But what I noticed about the time like this is that the market will later become good not long after the bad event.
Very correct. Immediately I saw the attack on Lebanon, I knew the market would react. The news of Iran's missile attack made me a bit nervous because investors will switch to safe-haven assets due to fear of the unknown. As it is now, I predicted earlier that there would be a selloff of Bitcoin in October, it's already happening, the market pattern is getting stronger, so expect more liquidity outflows one way or the other in October.
It is widely believed that the outflow is caused by instability in the Middle East. I didn't think I expected that Israel would assassinate Hassan Nasrallah and Ismail Haniyeh which necessitated Iran's attack on Tel Aviv. Many people also thought that the retaliation would come later. Maybe your prediction is just a coincidence with the conflict in the Middle East. 
October 02, 2024, 09:53:15 AM
On October 1st, US-based Ethereum ($ETH) and Bitcoin ($BTC) ETFs underwent their biggest outflows in nearly a month. Cumulative outflows from $BTC ETFs reached a whopping $242.6M and $48.6M from $ETH ETFs, indicating renewed uncertainty in the market, according to on-chain analytics platform Spot On Chain.
Nothing bad in considering economic news like this, it helps so well as the liquidity outflows and inflows can't be undermined in the market matrix. But I am done with this as the main decider of what I would do in my trading and investment because I see the true guide in the technical chart. As it is now, I predicted earlier that there would be a selloff of Bitcoin in October, it's already happening, the market pattern is getting stronger, so expect more liquidity outflows one way or the other in October. 
October 02, 2024, 09:52:45 AM
The involvement of large institutions in the market has both advantages and disadvantages, without them we would not have large inflows into the market and bitcoin adoption would be much more difficult. On the other hand, it is really annoying when they enter the market and use their power and money to manipulate the market in their favor.
But more importantly: is there any way we can stop them even if we don't like their participation in the market? There is nothing we can do to stop them, we only have 1 choice which is to accept and adapt to everything.
But more importantly: is there any way we can stop them even if we don't like their participation in the market? There is nothing we can do to stop them, we only have 1 choice which is to accept and adapt to everything.
The thing is all this institutions still do not control the bitcoin price they only contribute to the market sentiment and as such they are definitely not a thing to worry about. This institutions are like hypes and Fud to me if they buy and sell, it only drives out those who follow it but once you can are in to hold with a diamond hand then you need not to worry.
This particular dip though is associated to the war and that’s why we see a lot of outflows from this institutions. The banging of the Iran and Israel war is what’s causing this FUd but it won’t last as long as this doesn’t escalate more than we have seen. So to overcome institutional fuds like this it is simple don’t get carried away with them and hodl your bitcoin till your target is reached
October 02, 2024, 09:22:56 AM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
Probably using every major news of the world as a smoke screen and a tactic to justify why price went down, to be honest this is one of the reasons I feel institutional money isn't really good for bitcoin because its highly manipulative thanks to the selfish small lot of people out there flexing there way to being whales!!Sometimes I wonder if bitcoin was better off without all the big money because it hasn't done much ever since it got on stage.
The involvement of large institutions in the market has both advantages and disadvantages, without them we would not have large inflows into the market and bitcoin adoption would be much more difficult. On the other hand, it is really annoying when they enter the market and use their power and money to manipulate the market in their favor.
But more importantly: is there any way we can stop them even if we don't like their participation in the market? There is nothing we can do to stop them, we only have 1 choice which is to accept and adapt to everything.
October 02, 2024, 08:59:03 AM
Weak hands are nothing new. Even if the entire stock market collapses, Bitcoin will hold its ground. It’s no surprise that Bitcoin dipped slightly despite its recent bullish trends. This will pass, and those outflows will eventually be reinvested, leading to an increase in inflows once again.
Without ETF yes.. Big money already exist, like the whales in the market.
Sometimes I wonder if bitcoin was better off without all the big money because it hasn't done much ever since it got on stage.
Without ETF yes.. Big money already exist, like the whales in the market.
October 02, 2024, 08:50:05 AM
Probably weak hands due to the Iran attack on Israel yesterday. Obviously it’s really bad that it happened but I can never understand why people sell because of events like this. Often I think it’s whales using bad news to short & push prices down in at attempt to scare weak hands into selling so they can dump the price to pick up cheap coins.
Not only that, the US dockworkers strike I think has also an effect. October is normally a bad month for markets, even if it has not historically been as bad as September for Bitcoin. As for the reasons, I think part of it is short selling, which as you say scares retail investors.
Probably using every major news of the world as a smoke screen and a tactic to justify why price went down, to be honest this is one of the reasons I feel institutional money isn't really good for bitcoin because its highly manipulative thanks to the selfish small lot of people out there flexing there way to being whales!!
Sometimes I wonder if bitcoin was better off without all the big money because it hasn't done much ever since it got on stage.
Sometimes I wonder if bitcoin was better off without all the big money because it hasn't done much ever since it got on stage.
Coinbase started in 2012 and the first ATMs in 2013, so if you are going to count institutional investors you can count back much further than what you are doing.
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