Overview
- Bitcoin briefly slipped below $110,000 before recovering near $111,000, with roughly $524 million in 24-hour liquidations as major tokens logged fresh declines.
- U.S. spot Bitcoin ETFs saw $94 million in net outflows on Oct. 15, led by $82.9 million from Grayscale’s GBTC, interrupting a short run of inflows.
- Options flows skewed defensive, with over $1.15 billion directed to short-dated out-of-the-money puts concentrated around $104,000–$108,000 strikes.
- Traders focused on the $109,000–$111,000 band as U.S.–China trade tensions pressured risk appetite and Bitcoin’s correlation with gold reached a multi-year 0.9, per CryptoQuant.
- Bitwise reported corporate and fund holdings above 1 million BTC after 176,762 BTC were added in Q3, highlighting a structural demand base despite short-term de-risking.