{"id":138894,"date":"2024-10-08T13:00:51","date_gmt":"2024-10-08T10:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138894"},"modified":"2024-10-08T11:35:55","modified_gmt":"2024-10-08T08:35:55","slug":"crypto-outflows-surge-as-bitcoin-faces-uncertain-october-momentum","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-outflows-surge-as-bitcoin-faces-uncertain-october-momentum\/","title":{"rendered":"Crypto Outflows Surge as Bitcoin Faces Uncertain October Momentum"},"content":{"rendered":"

While a major rally for Bitcoin<\/a><\/strong> in October seems unlikely, optimism for a strong fourth quarter remains high among investors.<\/p>\n

According to Defillama<\/a><\/strong>, most major exchanges have experienced notable outflows recently, with over $2.68 billion withdrawn, including a substantial portion in stablecoins. Nansen reports a steep drop in stablecoin reserves across exchanges, decreasing from $38.5 billion to $35 billion, which signals reduced buying power and market interest.<\/p>\n

Meanwhile, BlackRock, a key player in the institutional crypto space, recently saw its second large Bitcoin withdrawal of the year, with 256 BTC moved out. This follows a pattern seen earlier in the year and suggests the company\u2019s accumulation has slowed. The last such event occurred in May, when Bitcoin\u2019s price dipped below $60,000.<\/p>\n