Bitcoin drops 32% from Oct 6 peak as ETFs post $5.5B outflows; BlackRock buying

On Oct 6, Bitcoin peaked at $126,000 and has since fallen 32%. According to CryptoQuant, U.S. spot Bitcoin ETFs logged $5.5 billion in cumulative outflows, cutting AUM to $116.58 billion from $163.27 billion, while a BlackRock-linked investor cohort recorded six inflow days over the past twelve days. Glassnode also notes sustained retail accumulation.