Bitcoin ETF inflows return with $110 million on Monday. This followed $774 million in withdrawals over the previous two sessions.
Why Bitcoin ETF inflows return matters
US-listed spot Bitcoin ETFs had been in the red. However, Monday’s gain reversed the recent trend. Despite the rebound, October remained negative. Specifically, net outflows reached about $202 million through Monday.
Market sentiment and Bitcoin price weaken
Bitcoin traded at $80,120 at press time. That is down 2.4% over the past seven days. TradingView data confirms this.
Meanwhile, the Crypto Fear & Greed Index fell to 48 from 50. It remains in “Neutral” territory.
Retail investors send more Bitcoin to Binance
CryptoQuant data shows a shift in deposits. Specifically, retail Bitcoin deposits to Binance nearly doubled. They reached $10.8 billion over 30 days. In contrast, deposits from large holders fell to $3.8 billion.
Analyst Darkfost commented on the data. He suggested that smaller investors might be selling into the rebound.
Key takeaway
Bitcoin ETF inflows return with $110 million. However, October remains negative. Therefore, traders should watch ETF flows and retail selling pressure closely.