Bitcoin Holds $83K as $1B Leaves the ETFs
Nearly $1 billion has left US bitcoin and ether ETFs so far in October, and Bitcoin is still sitting near $83.5K. It dropped to about $80.5K midweek and has bounced since. On the TOKEN2049 stage, nobody slowed down. Samsung put USDC in 82 million phones. Funds are pulling money out, but the biggest companies in crypto are still building. This issue covers both sides.
This week in 30 seconds:
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🚀 NEAR is up 125% in a month as its new ETF pulls $35.5M
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⚖️ The CFTC says your prediction market bet is now a swap. Your sportsbook parlay? Still just a bet.
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🟠 Bitcoin Amsterdam: CCS readers save 10% with code CCS10
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🎙️ Three new interviews: Luke Davis, Birdeye and Anvil
📉 $1B LEFT THE ETFS. BITCOIN SHRUGGED.
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ETF money is leaving. Bitcoin ETFs lost $484.9M on Oct 7, the biggest day since June, and ether ETFs are on an eight-day losing streak. October outflows are near $986M, per Farside. My read: one bad week of flows gets taken out of context. It’s short-term positioning, not a verdict from long-term holders. Read →
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Big holders are moving coins. The DOJ filed its largest-ever forfeiture (127,271 BTC) as about 12,000 government BTC moved to Coinbase Prime, and miners have cut reserves from 1.9M to about 1.19M BTC to fund AI data centers. After the run we had, some profit taking was no surprise. Government → · Miners →
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Alts took it harder. XRP is testing $1.40 support, and BitMine’s 5% ETH cap is still weighing on ether. The exception: NEAR, up 125% in a month as the Bitwise NEAR ETF pulled $35.5M. Read →
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Next catalyst: September US CPI on Oct 14. Sentiment has bounced back fast: the Fear & Greed Index is at 69 (Greed), up from 59 on Friday.
📈 THE CHARTS: BTC WAITS ON CPI, ETH NEEDS $2,576
Bitcoin
Bitcoin dipped to about $80.5K on Oct 8, just above the $79K to $80K zone I flagged last issue, and the rising trendline held. It bounced to $84K but got rejected at the 4h EMA near $83.8K, and the dashboard reads neutral overall: 1W and 1D bullish, 3H and 45M bearish, RSI 48, Smart Money still IN.
My bias: Neutral, leaning bullish while $82.5K holds.
What I’m watching: A 4h close above $83.8K to open up $86.6K, and Wednesday’s CPI print.
Support: $82.5K, then $79.1K | Resistance: $83.8K, then $86.6K
Ethereum
ETH lost the $2,550 channel floor from last issue in the Oct 7 sell-off and wicked to about $2,420 before buyers stepped in. A fresh AI BUY printed near $2,500 and multi-timeframe has flipped bullish, but price is still under the 4h EMA at $2,576 with RSI at 46.
My bias: Cautiously bullish. It needs to reclaim $2,576 to confirm.
What I’m watching: A 4h close above $2,576, then $2,715. Losing $2,420 again puts $2,325 in play.
Support: $2,516, then $2,420 | Resistance: $2,576, then $2,715
Signals powered by EngineeringRobo AI
🎙️ THREE BUILDERS, THREE BIG CLAIMS
Beat Bitcoin or get cut: Luke Davis on the Bulletproof Portfolio
Watch the interview
Every altcoin in Luke Davis’s portfolio has one job: outperform Bitcoin, or make room for more of it. The Bull Market Blueprint founder also explains why he swaps bonds for businesses, bars and Bitcoin, and whether OpenAI and Anthropic are priced right.
Watch the full interview → · Episode page on CCS → · Read the exclusive →
Bootstrapped to 5,000 enterprise clients: Birdeye’s CEO Kha Nguyen
Watch the interview
The price on your wallet screen has a source, and often it’s Birdeye. CEO Kha Nguyen explains how a company that never raised a venture round now feeds market data to 5,000+ wallets and exchanges.
Watch the full interview → · Episode page on CCS → · Read the exclusive →
Anvil’s Max Schwartz on turning the crypto you hold into fully secured credit
Watch the interview
Recorded the day Anvil shipped its new SDK and disclosed a $5M institutional purchase of ANVL. CEO Max Schwartz explains why digital assets make better collateral than a house, and why Bullish plans to use Anvil.
Watch the full interview → · Episode page on CCS → · Read the article →
Browse all interviews on the CCS Interview Hub →
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🟠 BITCOIN AMSTERDAM: 10% OFF AND 3 FREE TICKETS
CCS is an official media partner of Bitcoin Amsterdam. Europe’s biggest Bitcoin conference is back at the Sugar Factory on November 5 and 6, with a closed-door institutional day (BFC Symposium) on November 4. Jack Mallers, David Bailey and Coinbase’s Keith Grose are among the confirmed speakers, alongside Rabobank, Van Lanschot Kempen and Bitcoin Core’s Sjors Provoost.
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🎟️ CCS readers save 10% with code CCS10 at bitcoin.amsterdam
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🎁 We’re giving away 3 GA tickets. Reply to “Your Turn” at the bottom to enter.
Read the announcement → · Event page on CCS →
Also coming up: Money20/20 USA, Oct 18 to 21 in Las Vegas. Events calendar →
🔴 ALSO FROM TOKEN2049
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Samsung Wallet adds USDC for 82M US Galaxy phones, starting late October. Read →
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Franklin’s Jenny Johnson calls rival tokenized funds “digital twins” and holds up BENJI as the real on-chain fund. Read →
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Aave’s Stani Kulechov expects tokenized stock loans to pass crypto loans on Aave as soon as next year. Read →
📊 12 YEARS OF FOUNDER INTERVIEWS, IN ONE DATASET
The CCS Interview Index: what 1,084 founder conversations say about where crypto is building, 2018 to 2026
We turned 1,084 Crypto Coin Show founder interviews from 2018 to 2026 into a dataset that tracks what founders came on to talk about each year, and the four big shifts it reveals. Free to read, and free to cite with a link.
🔥 WEEKLY SIGNAL RECAP
The rest of the week, one line each.
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Robinhood adds $25M of bitcoin to its balance sheet. CCS →
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**Pump.fun collects $18.6M a week while 81% of its memecoins crash 90%.** The house always wins. CCS →
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ESMA tells EU firms to delist non-compliant stablecoins by January 2027. CCS →
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Ledger confirms a hidden implant in a CryptoBilis victim’s wallet as losses near $93M. CCS →
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The CFTC rules prediction market contracts are swaps, but sportsbook bets are exempt. Wall Street rules for one, Vegas rules for the other. CCS →
✍️ ASHTON’S TAKE
Why one week of ETF outflows doesn’t worry me
Big ETF outflows tend to get taken out of context. One rough week makes headlines, but it isn’t a read on long-term holders.
Yes, we saw a dip. After the run Bitcoin had, some profit taking was no surprise, and the drop to around $80K tested support it needed to test before it can push back into the $90Ks. Smart money is still IN on my EngineeringRobo dashboard, and I expect ETF money to flow back in the near future.
Meanwhile, look at what got built while price was red. Samsung is putting USDC in the wallet on 82 million Galaxy phones. Aave expects tokenized stock loans to pass crypto loans on its platform as soon as next year. Those aren’t predictions. They’re moves being made right now, and they’re long-term bullish.
Then there’s the timing. Q4 has historically been Bitcoin’s strongest quarter, and this is a midterm year. In my interview with Luke Davis above, he explains why the quarters starting now are the most important stretch of the four-year cycle.
Fear & Greed is already back at 69, which is fairly high for a market that just dipped. I expect it to push into the 80s, and I expect bullish moves on Bitcoin this quarter, if not sooner.
Ashton Addison
CEO, Crypto Coin Show & BlockWest
💬 YOUR TURN
Buying this dip or waiting for Wednesday’s CPI print? Hit reply and tell me.
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