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#BitcoinMarketAnalysis
Heavy outflows hit Bitcoin and Ethereum exchange-traded funds! 📈
On October 29, Bitcoin spot ETFs recorded outflows of $470.7 million, while Ethereum ETFs experienced withdrawals of $81.4 million, indicating that investors are taking profits after recent gains.
📉Bitcoin Under Pressure: Support at $109,000 in Focus
Bitcoin still faces short-term selling pressure, declining toward the $108,600 mark, down nearly 1% during the last session. A short-term rebound could form if buyers defend the support range between $108,000 and $107,900, the same range where local lows were established.