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Door Remote - 12 Oct 2026
Last week, the U.S.-listed spot bitcoin exchange-traded funds (ETFs) registered an outflow of $681 million, the highest since June, according to data source SoSoValue. Most of it happened on Wednesday and Thursday.
“ETF flows remain volatile. US spot Bitcoin ETFs saw heavy outflows on October 7 and 8, signaling cautious institutional sentiment,” Vikram Subburaj, CEO of India-based Giottus Exchange, told CoinDesk.
Mashru also noted the ETF outflows while stressing that the global macro backdrop remains demanding.
“Treasury yields reached 24-year highs during the week ending 9 October,” he said.
Still, he pointed to one bright spot: bullish activity is broadening beyond the top coins. In the past 24 hours, tokens like AVAX, NEAR, FIL and ZRO have gained 8% to 12%.
“The recovery broadened across major virtual digital assets, with nine of the top ten advancing during the last 24 hours. Avalanche led with a 5.1% jump to $10.91 and Chainlink rose 2.4% to $13.35. Solana added 1.2%, while BNB, XRP, Dogecoin and cardano gained,” Purvang Mashru, lead analyst at BitDelta India, told CoinDesk.
Both experts cited $82,000 as key support, a level bulls must defend to avoid deeper losses, and pointed to the Oct. 14 U.S. inflation data as the next major macro catalyst.
“ETF flows remain volatile. US spot Bitcoin ETFs saw heavy outflows on October 7 and 8, signaling cautious institutional sentiment,” Vikram Subburaj, CEO of India-based Giottus Exchange, told CoinDesk.
Mashru also noted the ETF outflows while stressing that the global macro backdrop remains demanding.
“Treasury yields reached 24-year highs during the week ending 9 October,” he said.
Still, he pointed to one bright spot: bullish activity is broadening beyond the top coins. In the past 24 hours, tokens like AVAX, NEAR, FIL and ZRO have gained 8% to 12%.
“The recovery broadened across major virtual digital assets, with nine of the top ten advancing during the last 24 hours. Avalanche led with a 5.1% jump to $10.91 and Chainlink rose 2.4% to $13.35. Solana added 1.2%, while BNB, XRP, Dogecoin and cardano gained,” Purvang Mashru, lead analyst at BitDelta India, told CoinDesk.
Both experts cited $82,000 as key support, a level bulls must defend to avoid deeper losses, and pointed to the Oct. 14 U.S. inflation data as the next major macro catalyst.