Bitcoin was quoted at $82,652.75 at 04:55 UTC on October 8, down 1.8 percent over 24 hours, according to CoinGecko figures cited by The Crypto Times. That print sits inside the $82,000–$83,000 band the same report flagged as the month’s first obvious support shelf. Perpetual futures open interest was listed near $68.13 billion, with about $37.34 billion of 24-hour futures volume.
The fund file that landed overnight is larger than the cash move. U.S. spot products recorded a $487.1 million net withdrawal on October 7, the heaviest single session in weeks, per SoSoValue tables republished by CoinPulseHQ and ByKaranteli. BlackRock’s IBIT accounted for −$207.7 million. Fidelity’s FBTC was −$105.1 million. ARK 21Shares’ ARKB was −$101.7 million. Grayscale’s GBTC was −$39.3 million, Bitwise’s BITB −$27.6 million, and VanEck’s HODL −$3.5 million. Grayscale’s cheaper BTC fund and Morgan Stanley’s MSBT printed zero.
After that session, cumulative net intake since launch stood at about $57.33 billion. Total net assets were $107.40 billion. The funds held 1,287,295 BTC. Daily trading volume in the products was about $2.80 billion. The five-session net, including October 7, was −$165.6 million: October 6 had been +$118.9 million, October 5 −$89.9 million, October 2 +$189.8 million, and October 1 +$102.7 million.
Key takeaways
- Bitcoin quoted at $82,652.75 at 04:55 UTC on October 8, down 1.8 percent, CoinGecko via The Crypto Times.
- October 7 fund withdrawal: $487.1 million, led by IBIT at −$207.7 million, FBTC at −$105.1 million, and ARKB at −$101.7 million.
- Assets after the print: $107.40 billion, 1,287,295 BTC held, cumulative intake $57.33 billion.
Which issuers drove the $487.1 million October 7 withdrawal?
Three products did most of the work. IBIT, FBTC, and ARKB together were −$414.5 million, about 85 percent of the day. GBTC’s −$39.3 million is the residual of a fund that is already −$27.94 billion cumulative. The zero prints at BTC and MSBT matter because October 6’s entire +$7.8 million net, on a separate table, had been MSBT alone. A one-fund creation day did not carry into Wednesday.
Assets fell from $110.68 billion on October 6 to $107.40 billion on October 7. That $3.28 billion drop is larger than the $487.1 million of creations and redemptions, which is what a lower coin price does to a stock of 1.29 million BTC. Flow and mark-to-market are separate lines. Both moved the same direction this session.
What to watch next
Whether Thursday’s cash print holds above $82,000, and whether October 8 creations reverse any of IBIT’s −$207.7 million. A second session near half a billion of redemptions would put October’s month-to-date fund total back near flat after the early-month intake. The open-interest figure to beat is $68.13 billion: a drop there, with price still under $83,000, would mean leverage left with the ETFs rather than waiting for a bounce.