Bitcoin fell 2.49% to $104,500, breaking below its $107k cost-basis support with ETH dropping 6.6% to $3,500, while SOL slid to $158. Total crypto market cap declined 3% to $3.51 trillion amid accelerating ETF outflows and fading institutional demand.
Bitcoin ETFs recorded $186.51 million in outflows, all from BlackRock’s IBIT; Ethereum ETFs lost $135.76 million, while Solana ETFs bucked the trend with $70 million of fresh inflows.
Stablecoin inflows to Binance hit $7.3 billion, their highest level since December 2024, a potential early sign of cash flow returning to markets.
Long-term holders and whales continue to de-risk; however, exchange BTC balances dropped by 208,980 coins in the last six months, showing limited forced-sell pressure.
An implant that read recovery phrases off the screen and sent them out over LTE has been linked to more than $86 million in suspected thefts, and a second tampered device has now surfaced in Singapore.
Headline and core CPI both came in a tenth above forecasts, and Bitcoin slipped below $82,000 as traders raised the odds of a second consecutive rate increase at the Fed's Oct. 27–28 meeting.
Tiger Research's Q3 data shows the rebound's capital went into tokens and ETFs, while the money that did reach crypto companies came increasingly from exchanges, lenders and public markets instead of the lead VCs that set terms in past cycles.
The trade settled a two-year note within minutes and pledged it as overnight collateral, a test of whether tokenization can shorten the gap between buying a bond and financing it.
