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Bitcoin News Update: Investor Secures $17 Million Gains While Crypto ETFs Suffer $120 Million in Withdrawals

Bitcoin News Update: Investor Secures $17 Million Gains While Crypto ETFs Suffer $120 Million in Withdrawals

Bitget-RWA2025/10/27 02:48
By:Bitget-RWA

- Bitcoin and Ethereum ETFs faced $120M outflows in October as investor caution grew amid market weakness and Trump's tariff policies. - Trader "0xc2a" defied market trends, securing $17M profits from long positions after Bitcoin and Ethereum rebounded 4% and 2% respectively. - Ethereum near $4,000 drew $650M short leverage ahead of Trump-China talks, while institutional ETH holdings surpassed Bitcoin's for the first time. - Technical analysis suggests Bitcoin could test $117,000 if it holds above $108,000

Bitcoin and

ETFs experienced renewed outflows in October, signaling growing investor wariness as broader markets weakened. Data from SoSoValue shows that ETFs saw $101.3 million withdrawn on October 22, reversing a $477 million inflow from the prior day, according to a . Ethereum ETFs also faced $18.8 million in redemptions after a short-lived recovery, as reported by . This retreat highlighted waning optimism as both cryptocurrencies struggled to regain traction, with Bitcoin trading close to $109,783 and Ethereum near $3,869, per Crypto.News. BlackRock’s IBIT attracted $73.6 million in new investments, but both Fidelity’s FBTC and Grayscale’s each saw $56 million in outflows, reflecting widespread caution, Coinpedia noted.

Despite the turbulence, a crypto trader known as "0xc2a" bucked the trend, earning $17 million in profits from long positions in Bitcoin and Ethereum, according to

. This gain followed a volatile week where over $20 billion in leveraged crypto positions were liquidated after President Trump announced a 100% tariff on goods from China. Blockchain records indicate 0xc2a built up positions as prices dipped below $105,000, then benefited from a 4% bounce in Bitcoin and a 2% rise in Ethereum. His long portfolio, valued at $300 million and including 1,483 BTC and 33,270 ETH, demonstrates strong confidence in a market still facing uncertainty.

Bitcoin News Update: Investor Secures $17 Million Gains While Crypto ETFs Suffer $120 Million in Withdrawals image 0

Ethereum’s price movement has attracted significant attention as it nears the $4,000 mark, a psychological barrier that could trigger further gains. Short sellers have leveraged $650 million around the $4,100 level ahead of Trump’s trade negotiations with China, based on a

. Experts point out that Ethereum’s shift to Proof-of-Stake and its energy efficiency have increased its appeal to institutional investors, with corporate treasuries now holding 3.2 million ETH—surpassing Bitcoin’s corporate reserves, according to Yahoo Finance. Republic Technologies, which secured $100 million to grow its validator-backed Ethereum treasury, compared ETH’s significance to oil in the 1970s, highlighting its foundational role, as reported by .

Trump’s actions continue to influence market sentiment. His recent Asia trip, which included witnessing a peace agreement between Cambodia and Thailand, helped ease geopolitical concerns ahead of crucial trade talks with China, Yahoo Finance reported. Additionally, his nomination of SEC attorney Mike Selig to head the CFTC and his pardon of Binance founder Changpeng Zhao signal regulatory changes that could affect crypto markets, according to a

. SpaceX’s recent $133 million Bitcoin transfers also pointed to renewed institutional interest, the recap said.

Corporate involvement remains subdued, with Tesla maintaining its 11,500 BTC holdings even as its Q3 2025 earnings exceeded forecasts, according to a

. JPMorgan’s upcoming crypto-collateral lending and Kyrgyzstan’s introduction of the KGST stablecoin further demonstrate how digital assets are being woven into mainstream finance, the Crypto.News weekly recap observed.

Technical analysis suggests Bitcoin could challenge $117,000 if it remains above $108,000, with a Wyckoff reaccumulation pattern indicating possible bullish momentum, according to a

. Conversely, a drop below $106,000 might lead to a retest of the $92,000 support, the report cautioned. Analysts such as Farzam Ehsani from VALR predict BTC could reach $130,000–$132,000 by early 2026, provided macroeconomic conditions remain stable, Yahoo added.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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