Bitcoin Holds Above $83K as ETF Outflows Top $1 Billion in October

Bitcoin steadied in the low-$80,000 range on Monday morning, trading near $84,000 early in the session before pulling back, as investors weighed rising U.S. Treasury yields and an approaching inflation report. The 10-year Treasury yield held above 5%, adding pressure to high-valuation assets, while the broader crypto market drifted lower alongside technology stocks. Bitcoin briefly dipped to $81,000 before rebounding, a move that analysts said highlighted relative resilience compared with equities.

On-chain activity added a separate note of interest to Monday's session. A Bitcoin whale that held through the March 2020 crash moved $378 million in BTC, signaling renewed activity among long-term holders even as short-term sentiment remained cautious. Bitcoin's 24-hour trading volume came in at $13.84B, and the asset declined just 0.54% on the day, outperforming the broader CoinDesk 20 index, which shed 1.81%.

ETF Outflows Cross $1 Billion for the Month

Spot Bitcoin and Ethereum ETFs recorded $986.3 million in combined net outflows through Thursday of last week, with Friday's numbers pushing the October total past the $1 billion mark, according to data from Farside Investors. Ethereum funds bore the heaviest damage, posting net outflows for nine consecutive trading sessions beginning September 29, draining roughly $700 million from the products over that stretch. BlackRock's ETHA fund was responsible for $477.1 million of the week's $542.2 million in Ethereum ETF outflows, roughly 88% of the category's losses, while Morgan Stanley's MSSE was the only Ether ETF to finish the week in positive territory with a modest $1.3 million inflow.

Thailand's Securities and Exchange Commission offered a brighter regulatory signal, finalizing rules that allow locally listed cryptocurrency ETFs to begin trading as soon as October 16. The Thai framework initially limits eligible assets to bitcoin and ether, requires funds to maintain average net exposure of at least 80% of net asset value to a single crypto asset, and mandates that custodians hold SEC licenses. Thai mutual funds and private funds that were previously restricted to foreign crypto ETFs will now be permitted to buy domestically listed products under the new rules, the regulator confirmed. The development marks one of the clearest moves by a Southeast Asian regulator to bring crypto investment vehicles formally into its domestic exchange infrastructure.