Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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 Data from SoSoValue shows that ETFs saw $101.3 million withdrawn on October 22, reversing a $477 million inflow from the prior day, according to a .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.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Cardano News Today: Cardano’s $0.63 Level Under Scrutiny—Will It Pave the Way to $1.70?

- ADA's $0.63 support level is critical for determining its path toward $1.70, with technical analysis highlighting a symmetrical triangle pattern. - A break above $0.63 could trigger a 157% rally to $1.75, while a breakdown risks a drop to $0.50, according to Coinotag and The Crypto Basic. - Fundamental catalysts include Cardano's gTLD initiatives and rising staking participation (70%), but whale activity has shifted to projects like Mutuum Finance. - Mixed market dynamics show 0.65% 24-hour gains but 38%

Bitget-RWA2025/10/29 08:02
Cardano News Today: Cardano’s $0.63 Level Under Scrutiny—Will It Pave the Way to $1.70?

Verification Supersedes Guesswork: Noomez’s Open Burn Process Sets a New Standard for Trust in Crypto

- Noomez ($NNZ) introduces a 28-stage presale with escalating prices and automatic token burns to create scarcity and transparency. - Its deflationary model includes post-presale liquidity locks, staking rewards, and verifiable on-chain burns to reinforce trust. - The project aligns with crypto market trends favoring structured, utility-driven assets over speculative hype, attracting risk-aware investors. - A planned Noom Engine framework will automate governance and further reduce supply, though risks lik

Bitget-RWA2025/10/29 08:02
Verification Supersedes Guesswork: Noomez’s Open Burn Process Sets a New Standard for Trust in Crypto

BigBear.ai's Shares Soar 300%, but Financial Concerns Raise Questions About Its Valuation

- BigBear.ai's stock surged 300% in 2025 driven by defense AI contracts and partnerships like Tsecond Inc.'s rugged hardware integration. - Despite high-profile deployments (e.g., O'Hare Airport biometric system), Q2 2025 revenue fell 18% and net losses widened to $228.6M. - Analysts remain divided: some cite OB3 funding and $390M cash reserves as bullish, while others warn valuation (13× forward sales) exceeds fundamentals. - Competition from Palantir and C3.ai, plus reliance on $380M contract backlog, ra

Bitget-RWA2025/10/29 07:46
BigBear.ai's Shares Soar 300%, but Financial Concerns Raise Questions About Its Valuation