Bitcoin currently trades around $82,900, up 0.4% over 24 hours but down about 2% for the week, after reaching nearly $87,000 last Sunday. U.S. spot Bitcoin ETFs saw significant net outflows of approximately $681.11M from October 5 to October 9, with withdrawals of $487.07M on October 7 and $244.13M on October 8. Market sentiment is weighed down by rising oil prices, higher U.S. Treasury yields, and renewed concerns about cryptocurrency security. Next week’s CPI and PPI reports will provide further insight into potential Federal Reserve rate decisions, with markets expecting rates to remain unchanged at the October 27-28 meeting.
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