Bitcoin ETFs shed $228.6 million in a week as October turns red

What happened?

1. SoSoValue data cited by Decrypt put the week's net outflows at $228.6 million, after a $681.1 million drain the prior week, about $910 million over two weeks
2. September consumer prices rose 3.7% year over year, above the 3.6% forecast, and Decrypt reported the Wednesday, Oct. 14 session lost $261.4 million that day
3. CoinGlass data cited by Decrypt show about $950 million in leveraged crypto positions liquidated over 24 hours on Thursday, Oct. 15, roughly 90% of them longs
4. Nexo analyst Iliya Kalchev told Decrypt that Bitcoin fell below the estimated average ETF holder cost basis of about $82,300
5. Decrypt's tracker shows Bitcoin ETFs up about $293 million at the start of October and down about $615 million for the month, with $484.9 million exiting on Oct. 7

U.S. spot Bitcoin ETFs recorded $82.4 million in net outflows on Friday, Oct. 16, ending a week in which SoSoValue data cited by Decrypt show $228.6 million leaving the funds after a $681.1 million drain the prior week. Decrypt's tracker puts October at about $615 million negative, from roughly $293 million of inflows at the start of the month, with $484.9 million exiting on Oct. 7.

A machine summary written from the reports listed below; read them for the full account. How summaries are made and what is checked.