Spot Bitcoin ETFs in the US lost $643 million on Friday and finished October with a net outflow of $515 million. This is the first negative month for the funds since June. Inflows had been positive for four consecutive days, but the Binance hack — confirmed on Friday at $6.3 billion — wiped out that streak. Bitcoin dipped toward $77,000 the day before, and institutional buyers responded by withdrawing funds. Still, year-to-date the funds retain net inflows of roughly $361 million, though their cushion has shrunk noticeably.
The main hit fell on the two largest products. BlackRock's iShares Bitcoin Trust lost $234 million, and Fidelity's Wise Origin Bitcoin Fund lost $201 million. Together, those two funds accounted for more than two-thirds of the day's outflow, indicating that large retail and advisory channels — not small niche products — did most of the selling. Notably, the trigger was not weakness in the asset itself but questions about custody.
Ethereum was bruised even harder. Another $156 million exited spot ETH funds on Friday, bringing October outflows to a record $1.61 billion. The prior monthly record was $1.42 billion in November 2025 — so the new record exceeds it by nearly $190 million. As a result, the funds have entirely lost the inflows accumulated since the start of the year. That makes it harder for Ethereum to rely on institutional demand that helped it hold ground during spring and summer.
Clearly, the fund flows so far confirm the market caution traders have been warning about. Today's Bitcoin bounce around $78,000 is not supported by inflows, so it's insufficient to signal a reversal.
Bitcoin
Crypto is trading in a narrow corridor between immediate support at $77,800 and resistance at $78,400, so the plan centers on two mirrored directions with full scenarios for breakouts and rejections. For long positions, I consider two options. If price closes above $78,400 while remaining above the 50-day moving average and the Awesome Oscillator is above zero, the target is $79,000 — take profit there and allow for a short on a pullback. If a downside breakout fails and price rebounds from $77,800 after a false break, buy to first target $78,400 and then on to the same outer target of $79,000.
For short positions, the scenarios are combined into one. A close below $77,800, with the 50-day MA above price and the Awesome below zero, opens a short targeting $77,000. If an upside breakout does not hold and price is rejected at $78,400, sell toward $77,800 and then lower to $77,000.
Ethereum
The logic mirrors Bitcoin on its own price scale, with immediate support at $2,276 and resistance at $2,291. Buy on a close above $2,291, provided price is above the 50-day MA and the Awesome is above zero, with a target at $2,305 — take profit there and consider a short on the pullback. If a false downside break fails and the price bounces from $2,276, buy at $2,291 and then $2,305.
Sell on a close below $2,276, provided the moving average is above the price and the Awesome is below zero, targeting $2,250. If an upside breakout fails and price is rejected at $2,291, sell to $2,276 and then to $ 2,250. Both indicators are used as filters to avoid false moves, not as independent reasons to enter early; trades are taken only after price confirms the specified levels.