Bitcoin whales accumulate ahead of crucial US inflation report as $744 million exits ETFs
Summary
Bitcoin whales increased holdings to 3.03 million BTC, with monthly accumulation at its fastest pace since February, despite $744.3 million in US spot Bitcoin ETF outflows over six sessions. Bitcoin traded near $83,000 ahead of US inflation data, while large borrowers increased Bitcoin-backed USDT borrowing and smaller borrowers reduced theirs. ETF inflows resumed on Oct. 13, but it remains unclear whether demand will persist. Derivatives traders were net sellers even as on-chain capital growth improved. The CPI report is expected to shape interest-rate expectations and near-term market direction; key support sits around $81,000, with resistance near $85,000–$86,750.
