Bitcoin Falls Below $100K as $1.3B ETF Outflows Deepen Crypto Market Slide

Bitcoin dips below $100,000 as spot ETFs bleed $1.3 billion, dragging crypto-linked stocks and investor sentiment lower.


Bitcoin prices tumbled over 5%, slipping below $100,000 for the first time since May, extending losses from last month’s “Red October.” Data from SoSoValue shows $1.3 billion in outflows from spot Bitcoin ETFs like BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC since Oct. 29, while spot Ether ETFs lost nearly $500 million.

The selloff weighed on crypto-linked stocks — MicroStrategy, Coinbase, and Robinhood each fell over 6%. Altcoins such as Ether and Solana plunged more than 8%, as market sentiment turned from neutral to fear, according to CoinMarketCap.

Despite the slump, Michael Saylor’s MicroStrategy doubled down, purchasing 397 Bitcoin at an average price of $114,771, signaling long-term bullish conviction amid growing market caution.