Bitcoin Spot Flows Swing From Nearly $90 Million Outflow to Inflows Above $60 Million

Bitcoin spot flows swung repeatedly from Oct. 9 to Oct. 21, including a near-$90 million outflow and later inflows above $60 million as BTC recovered toward $83,000.

Several inflow readings topped $30 million from Oct. 9 to Oct. 11, while Bitcoin rose from about $81,500 toward $83,000. The price neared $84,200 on Oct. 11 and 12 before pulling back.

Outflows grew through Oct. 15, when the largest one approached $90 million. Bitcoin then fell toward the $80,000 to $81,000 range. From Oct. 16 to Oct. 18, flows switched between inflows and outflows as the price traded mostly between $81,000 and $82,000.

Inflows above $60 million appeared from Oct. 18 to Oct. 20 as Bitcoin moved back toward $82,500 to $83,000. An outflow of nearly $30 million followed on Oct. 21. Across the full period, Bitcoin ranged from about $79,400 to $85,000.

A separate measure put the share of Bitcoin supply in profit at 53.8% on Oct. 20. The analysis excludes Bitcoin held for more than 10 years. A 50% reading marks the point where half of the supply included in the measure is in profit, leaving the latest figure above that midpoint after the share briefly topped 60%.