Bitcoin Falls 7% as ETF Outflows Add to Pressure Before CPI

Bitcoin remained under pressure Tuesday after falling about 7% from early last week, as weaker altcoins, a one-day outflow from U.S. spot Bitcoin exchange-traded funds and elevated Treasury yields weighed on market sentiment ahead of the next U.S. inflation report.

Bitcoin (BTC) was near $83,000 on Oct. 13 after dropping from roughly $87,000 early the week of Oct. 5 to about $81,000 on Oct. 12. The decline has put pressure on “Uptober,” a market label linked to Bitcoin’s historically strong October performance.

Major altcoins recorded steeper losses over the same seven-day period. Solana (SOL) fell 11%, while Hyperliquid (HYPE) and Dogecoin (DOGE) each declined 12%. XRP dropped 10%, and Ether (ETH) fell 8%.

U.S. spot Bitcoin ETFs posted $65.4 million in net outflows on Oct. 12. Their cumulative net flows since launch stood at $57.112 billion.

The Crypto Fear & Greed Index fell to 56 from 67 one week earlier, remaining in the neutral range. The reading reflects a softer market mood but does not establish that Bitcoin’s broader October pattern has ended.

In the available market snapshot, the 30-year yield reached 5.70% before easing to 5.60%, while the 10-year yield stood at 5.24%.

The latest move continues TokenPost’s earlier coverage of Bitcoin’s decline and pressure on the “Uptober” narrative.

The next major catalyst is the September consumer price report from the Bureau of Labor Statistics, scheduled for Wednesday, Oct. 14, at 8:30 a.m. ET (12:30 p.m. UTC). Investors will use the release to assess inflation and its implications for interest-rate expectations.