Retail Panic Meets ETF Outflows: $1B Bitcoin Sell-Off Hits MarkeRetail Panic Meets ETF Outflows: $1B Bitcoin Sell-Off Hits Markets
Bitcoin saw renewed selling pressure on Oct 30, as Binance retail traders dumped over 9,200 BTC (~$1B) around $107.7K, just days after another 12,000 BTC sell wave near $108.3K.
Technical View:
Retail traders are aggressively selling into weakness, while long-term holders remain largely inactive.
Historically, these sharp sell-offs from short-term players often form local bottoms, liquidity events where smart money quietly accumulates.
Fundamental Side:
Spot Bitcoin ETFs added more weight to the downside:
🔹 BlackRock: -$2.6B
🔹 Fidelity: -$790M
🔹 Grayscale: -$500M
These ETF outflows likely shifted capital to spot exchanges, amplifying short-term selling pressure.
Key Insight:
▶️ Retail capitulation + ETF outflows = short-term volatility
▶️ But remember, markets often bottom when retail panic peaks.
Note: NFA & DYOR
