{"id":105859,"date":"2025-10-19T01:30:21","date_gmt":"2025-10-19T01:30:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=105859"},"modified":"2025-10-19T01:30:21","modified_gmt":"2025-10-19T01:30:21","slug":"536m-in-sell-pressure-why-bitcoin-and-ethereum-prices-crashed","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=105859","title":{"rendered":"$536M In Sell Pressure: Why Bitcoin And Ethereum Prices Crashed"},"content":{"rendered":"

The cryptocurrency market has been hit with another wave of sell pressure<\/a> as both the Bitcoin and Ethereum prices plunged sharply, triggering widespread panic and uncertainty<\/a>. With over $536 million in Spot Bitcoin ETF outflows in a single day, the downturn has sparked renewed fears of an extended bearish phase<\/a>. Analysts are calling this correction a \u201cBloody Friday,\u201d a less but still severe reflection of last week\u2019s brutal selloff that wiped billions in the market and saw BTC and ETH spiraling downwards.\u00a0<\/p>\n

ETF Outflows Trigger Bitcoin And Ethereum Price Crash\u00a0<\/h2>\n

The recent crash in Bitcoin and Ethereum prices is being attributed to recent large-scale outflows from US Spot Bitcoin ETFs<\/a>. Crypto analyst Jana on X social media described<\/a> the event as one of the bloodiest weekly downturns of the quarter, with Bitcoin tumbling<\/a> 13.3% in seven days and Ethereum sliding 17.8% over the past month. At press time, Bitcoin is trading slightly above $106,940 while Ethereum sits around $3,870, both suffering steep retracements from their recent highs.\u00a0\u00a0<\/p>\n

Data from SoSoValue shows<\/a> that Thursday, October 16, saw a staggering $536.4 million in daily net outflows from Spot Bitcoin ETFs, marking the largest single-day negative flow since August 1, when $812 million exited the market. Out of twelve US Bitcoin ETFs<\/a>, eight registered major outflows, led by $275.15 million leaving Ark & 21Shares\u2019 ARKB<\/a>, followed by $132 million from Fidelity\u2019s FBTC. Notably, funds managed by other major companies like Grayscale, BlackRock, Bitwise, VanEck, and Valkyrie also reported significant withdrawals.\u00a0<\/p>\n\n

These persistent outflows have now stretched into their third consecutive day, with October 17, just a day ago, recording a massive outflow of $366.5 million. The sustained negative ETF flows<\/a> underscore waning investor confidence and suggest that the broader market downturn could continue in the near term. Combined with the $19 billion liquidation event<\/a> last Friday, increased outflows in ETFs could put more selling pressure on the already fragile market.\u00a0<\/p>\n

Experts Warn Of Deeper Market Pain Ahead<\/h2>\n

Many experts believe that the crypto market may still have more room for a decline<\/a>. Data from Polymarket, one of the world\u2019s largest prediction platforms, show<\/a> that 52% of participants expect Bitcoin to drop below $100,000 before the end of October. Veteran economist and Bitcoin critic Peter Schiff has also warned<\/a> that the coming months could be catastrophic for the industry, predicting widespread bankruptcies, defaults, and layoffs as Bitcoin and Ethereum face another major leg down.\u00a0<\/p>\n

Meanwhile, technical analysts are pointing to signs of deeper weakness in Ethereum\u2019s structure<\/a>. According to Crypto Damus, Ethereum has broken key weekly support and is displaying a bearish setup on the charts. He says<\/a> that MACD is about to \u201ccross red,\u201d leaving a significant amount of room for a crash.\u00a0<\/p>\n\n

Other analysts like Marzell have echoed<\/a> similar concerns, stating that Ethereum is now nearing a \u201ccrash zone.\u201d However, he also highlighted the $3,690 \u2013 $3,750 range as a possible short-term demand area where buyers could step in again and trigger the next leg up.\u00a0\u00a0<\/p>\n\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market has been hit with another wave of sell pressure as both the Bitcoin and Ethereum prices plunged sharply, triggering widespread panic and uncertainty. With over $536 million in Spot Bitcoin ETF outflows in a single day, the downturn has sparked renewed fears of an extended bearish phase. Analysts are calling this correction […]<\/p>\n","protected":false},"author":0,"featured_media":105860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105859"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105859"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105860"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}