ETF Outflows, Liquidations Drive Bitcoin Volatility

Bitcoin is in a volatile stretch in mid‑October after large institutional flows and a massive liquidation event. US spot Bitcoin ETFs registered roughly $1.1–1.225 billion in weekly outflows and a single‑day $536.4 million exodus, with intermittent zero‑flow days suggesting selective redemptions. The sell‑off earlier in the month produced about $19–20 billion in forced liquidations and left some on‑chain wallets showing roughly $20 billion in unrealized losses. Technical indicators show BTC down about 6% so far in October, with traders eyeing support near $60,000 and resistance near $65,000; abundant stablecoin supply (around $304.5 billion) and roughly $224 million in recent short liquidations plus increased whale activity could provide buying pressure. The coming days will be critical to determine whether downside imbalances are fully retraced or a bullish rebound follows.