Bitcoin ETFs snap two-week outflow streak as crypto liquidations hit $2.6B

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Bitcoin ETF inflows return as liquidations stay heavy

Bitcoin ETFs break two-week outflow streak

Institutional demand for Bitcoin through U.S. spot ETFs has started to recover. According to SoSoValue, the funds recorded $442.67 million in net inflows for the week, ending a two-week stretch of negative flows.

The rebound is far from steady, however. Bitcoin ETFs saw $635.6 million in outflows on October 22, the largest single-day withdrawal since June.

So while the weekly balance turned positive, the sharp swings in daily flows suggest investors are still approaching the market with caution.

Ethereum ETFs extend losing streak to four consecutive weeks

Ethereum presents a very different picture. SoSoValue data show that U.S. spot ETH ETFs recorded roughly $224.9 million in net outflows between October 19 and 23.

That marks a fourth consecutive week of negative flows for Ethereum funds.

Withdrawals did ease from roughly $320 million the week before, but demand has yet to recover convincingly. The contrast with Bitcoin highlights a widening gap in institutional sentiment toward the two largest cryptocurrencies.

Crypto liquidations approach $2.6 billion over seven days

Heavy leverage continues to add another layer of pressure. As per CoinGlass, a total of 106,053 traders have been liquidated in the last 24 hours, resulting in losses amounting to $523.58 million.

The losses in long liquidations amounted to $443.29 million, whereas short liquidations incurred losses of around $80.29 million.

Approximate calculations show that there were liquidations for about $2.6 billion in the last seven days, with longs making up about $1.7 billion and shorts making up about $900 million.

One of the most severe instances occurred on October 24, when approximately $436 million in positions was liquidated within just four hours, and longs made up the majority. Such events tend to amplify the current trends and increase the vulnerability of the market to further liquidations.

Fed decision and Big Tech earnings could amplify crypto volatility

The coming week could bring another increase in crypto volatility. As Traders Union notes, investors are focused on the Federal Reserve’s October 28 decision alongside earnings from some of the largest U.S. technology companies.

Alphabet and Microsoft report on October 28, followed by Amazon on October 29. Their results could quickly reshape sentiment toward risk assets, including Bitcoin and Ethereum.

With the Fed and Big Tech dominating the macro calendar, crypto may temporarily take a back seat. Leverage is still being flushed out of the market, however, leaving both Bitcoin and Ethereum vulnerable to sharp moves.

That makes holding current price levels increasingly important. A sudden swing in U.S. equities could easily spill into crypto and trigger another burst of volatility.

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