Bitcoin near $110k as ETF outflows weigh on price

Bitcoin traded near $110,000 on Saturday, October 31, 2025, as traders remained cautious and bearish after a month-long rally dubbed "Uptober" failed to sustain gains, with market participants pointing to heavy selling from institutional channels and concentrated activity on major exchanges. Data and on-chain analytics cited by market observers showed BTC recovering from losses posted during Friday's Wall Street session but still under clear downward pressure.

Analysts and traders said the sell-off this week involved both U.S. exchanges and flows from spot Bitcoin exchange-traded funds. On-chain analytics provider Glassnode reported net ETF outflows and said that those redemptions indicate rising sell pressure from traditional finance institutions and weaker institutional demand. U.K.-based Farside Investors tallied roughly $191 million of ETF outflows on Friday following about $488 million on Thursday. Some traders also flagged unusually strong selling on Coinbase, with one account posting that Bitcoin was trading at a significant discount there and that a large wallet appeared to be liquidating holdings.

The Federal Reserve's decision last week to cut interest rates produced...