Bitcoin traded near $77,388 on Saturday morning after falling below $77,000 on Friday. US spot Bitcoin ETFs ended a four-day run of inflows, with IBIT and FBTC accounting for the largest withdrawals.
Bitcoin fell below $77,000 on October 30 as technology shares also sold off. US spot Bitcoin ETFs recorded $643.2 million in net outflows during the same trading day. According to Farside Investors’ data, Friday’s net outflows exceeded the combined net inflows of the previous four sessions.
CoinGlass’s screen, updated at 09:14 UTC on October 31, showed Bitcoin at $77,387.90, down 0.52% over 24 hours. Ethereum stood at $2,241.79, up 0.82%. The prices are a Saturday snapshot; the ETF flows cover the completed October 30 US session.
Market commentary publisher The Kobeissi Letter said in an October 30 post that the Nasdaq 100’s intraday decline had reached 3.6%, erasing more than $1.3 trillion in market value. It said the index was on course for its worst daily drop since June 5; the post did not report a closing result. Crypto Briefing’s report that day also described Bitcoin falling below $77,000. The simultaneous declines do not establish why each Bitcoin investor sold.
One session wipes out four days of inflows
BlackRock’s IBIT recorded the largest daily outflow at $233.7 million. Fidelity’s FBTC recorded a $201 million net outflow, followed by $129.5 million for ARK 21Shares’ ARKB. IBIT and FBTC together accounted for $434.7 million, or about 67.6% of the day’s total net outflow.
| Product | Net flow |
|---|---|
| IBIT | −233.7 |
| FBTC | −201.0 |
| ARKB | −129.5 |
| GBTC | −53.3 |
| BITB | −25.7 |
| Other seven products | 0.0 |
| Total | −643.2 |
Farside listed zero net flows for BTCO, EZBC, BRRR, HODL, BTCW, MSBT and Grayscale’s BTC product. GBTC and BTC are two separate Grayscale products. A zero net flow does not mean investors did not trade the product’s shares on an exchange.
The first four sessions of the week were positive: $110.3 million on October 26, $176 million on October 27, $137.3 million on October 28 and $17.2 million on October 29. Subtracting Friday’s outflow from those $440.8 million of inflows leaves a $202.4 million net outflow for October 26–30.
IBIT still finished the full week with $176.9 million in net inflows despite Friday’s withdrawal. Farside cautions that its automatically updated table may contain errors or inaccuracies. It does not publish investor counts or individual reasons for trading.
Farside published the table below on October 31, listing flows for all 12 products during the October 30 US session.
Farside’s post showing October 30 Bitcoin ETF flows
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What does an ETF outflow measure?
An investor buying a spot Bitcoin ETF through a brokerage account receives shares rather than Bitcoin in a personal wallet. iShares’ October 23 explanation describes IBIT as holding Bitcoin while investors own shares in the product. Its value depends on Bitcoin’s price, so an exchange listing does not protect the principal invested.
Investors can buy and sell existing ETF shares on an exchange, changing who owns them. Authorized participants can create new shares or return them for redemption, changing the number outstanding and the assets held by the product. The net-flow table should not be read as total exchange trading volume.
According to Galaxy’s January 21, 2026 explanation, IBIT and other major crypto ETFs adopted in-kind creation and redemption after regulatory approvals in 2025. Authorized participants can deliver Bitcoin instead of cash to receive shares, or return shares and receive Bitcoin. Galaxy supplies liquidity and coordinates transactions; it says it does not act as an authorized participant in share creation or redemption.
Friday’s net outflow does not show BlackRock selling the same dollar amount of Bitcoin from its own corporate treasury. Farside does not break down cash and in-kind redemptions in its daily table. How much of the $643.2 million led to sales on a crypto exchange that day is therefore unknown.
Long positions lead liquidations
At 09:14 UTC on October 31, CoinGlass reported $384.90 million in liquidated positions over the preceding 24 hours. Long positions betting on rising prices accounted for $295.03 million, while shorts betting on a decline made up $89.87 million. Longs represented about 76.7% of the total. The platform reported that 87,936 traders had positions closed.
Bitcoin contracts accounted for $95.30 million of long liquidations and $41.61 million of shorts, totaling $136.91 million. Ethereum’s figures were $16.49 million and $12.21 million, or $28.70 million combined. The largest single liquidation order was an $11.43 million BTCUSDT short on Binance.
An exchange can forcibly close a leveraged position when the collateral is insufficient. The dollar value of the liquidated contract is not the same as the trader’s cash deposit or final net loss. Bitcoin held in a personal wallet without borrowing is not liquidated simply because its price falls. Adding ETF net outflows to liquidation totals would not produce a single measure of market losses.
CoinGlass uses public reports and exchanges’ official APIs. The provider says Binance has reported at most one liquidation order per second since April 24, 2021, and OKX has done so since September 2021; busy periods can bring undercounting or delays. Its screen also includes gold, silver and stock-linked derivatives, so the aggregate is not exclusively crypto assets. As the 24-hour window advances, older trades drop out and new ones enter. A decline from an earlier, larger total does not show fresh money entering the market.
