{"id":13513,"date":"2025-10-16T06:12:14","date_gmt":"2025-10-16T06:12:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-tests-lower-range-support-as-spot-btc-etfs-return-to-net-outflows\/"},"modified":"2025-10-16T06:12:28","modified_gmt":"2025-10-16T06:12:28","slug":"bitcoin-price-tests-lower-range-support-as-spot-btc-etfs-return-to-net-outflows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-tests-lower-range-support-as-spot-btc-etfs-return-to-net-outflows\/","title":{"rendered":"Bitcoin price tests lower range support as spot BTC ETFs return to net outflows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows.\u00a0<\/p>\n<div id=\"cn-block-summary-block_f936b6e67b3f09f01d551eeefd885a96\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin trades around $111K as BTC spot ETFs record $94M in outflows.<\/li>\n<li>Trading volume and derivatives activity signal cautious sentiment.<\/li>\n<li>Dovish Fed tone offers hope for renewed upside momentum.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As of this writing, Bitcoin was trading close to $111,673, down 8% over the previous week and 0.5% over the previous day. Trading volume has fallen sharply to $66.2 billion, a drop of more than 27% in a single day, suggesting that market participation is thinning<\/p>\n<p>CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/BTC\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a> shows that Bitcoin (BTC) open interest decreased slightly to $72 billion, while derivatives volume dropped 35.5% to $92.5 billion. This combination typically indicates that traders are closing leveraged positions and waiting for clearer signals before re-entering the market.<\/p>\n<h2 class=\"wp-block-heading\">Spot BTC ETF outflows signal renewed caution<\/h2>\n<p>According to SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/m.sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a>, U.S. spot Bitcoin ETFs recorded $94 million in net outflows on Oct. 15, led by Grayscale\u2019s GBTC with $82.9 million withdrawn. Invesco and BlackRock followed with smaller outflows.<\/p>\n<p>After nine straight sessions of inflows, ETFs saw their first major redemptions on Oct. 13. The latest reversal followed net inflows of $102.6 million on Oct. 14, indicating that institutional appetite is still hesitant.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">BTC options market flips bearish<\/h2>\n<p>Data from Greeks.live shows a notable rise in short-term bearish activity in the Bitcoin options market. With strike prices ranging from $104,000 to $108,000, put options made up 28% of all trading volume. <\/p>\n<p>Since longer-term metrics are neutral and traders are hedging against short-term downside, this indicates temporary caution rather than a structural bearish shift.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin options\u2013market data indicate that over the past 24\u202fhours, the share of bearish trades has risen markedly. More than US$1.15\u202fbillion, or about 28\u202f% of total options volume, has flowed into shallow out\u2011of\u2011the\u2011money (OTM) puts expiring this week and this month, with the\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/6jXjERGaIz\">pic.twitter.com\/6jXjERGaIz<\/a><\/p>\n<p>\u2014 Greeks.live (@GreeksLive) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/GreeksLive\/status\/1978662253076578347?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 16, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>In the medium term, macro conditions continue to be supportive. Fed Chair Jerome Powell\u2019s remarks on Oct. 14 bolstered expectations of a rate cut at the end of the month. Lower rates could boost liquidity and favor risk assets like Bitcoin.<\/p>\n<p>Yet, growing trade tensions between the U.S. and China as well as tariff increases present possible obstacles, keeping risk sentiment fragile.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price technical analysis<\/h2>\n<p>Bitcoin is still trading within the lower Bollinger Band on the daily chart, consolidating close to its short-term support between $110,000 and $111,000. At 42, the relative strength index indicates neutral momentum but is moving closer to oversold territory.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Bitcoin daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>With the stochastic oscillator at 13, the market appears to have cooled rapidly and may be about to undergo a short-term reversal if buying pressure returns.<\/p>\n<p>The lack of buyer follow-through following the early-October rally to $126,000 is reflected in the momentum and MACD readings, which are still negative.\u00a0 Still, the long-term structure is intact. The simple and exponential 200-day moving averages hover around $107,000, providing bulls with an essential safety net.<\/p>\n<p>A rebound from this zone could push prices back toward resistance around $114,000\u2013$116,000, where the mid-Bollinger Band currently sits. However, a drop below $110,000 would expose Bitcoin to a more severe decline, possibly reaching $104,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows.\u00a0 Summary Bitcoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13513"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13513\/revisions"}],"predecessor-version":[{"id":13514,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13513\/revisions\/13514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9485"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}