Crypto ETF Outflows Hit $166.78M as Bitcoin Faces Potential $75K Drop

TLDR: US spot Bitcoin ETFs lost $82.39M on October 16, with BlackRock’s IBIT accounting for $71.78M. Ethereum ETFs recorded $69.68M in outflows, marking their third consecutive day of withdrawals. Bitcoin open interest rose 4.5% as its price fell 2.68%, raising concerns about leveraged long positions. Cryptoinsightuk sees a possible BTC correction toward $75,000, but the [...]

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