New Bitcoin Whales Face Losses Amid Market Volatility Concerns

Market Uncertainty and Bitcoin Volatility

• New Bitcoin whales are experiencing unrealized losses, indicating potential upcoming volatility. The asset has dropped from its all-time high of $126,198.
• CryptoQuant CEO Ki Young Ju noted that while the indicator shows current loss, it doesn't predict future market movements.
• Historically, similar conditions led to strong accumulation and price increases, but also significant selloffs in different periods.

Bitcoin and Ethereum Market Dynamics

• Bitcoin's price fell to $111,569 amid high volatility expectations.
• US-based spot BTC ETFs recorded a net outflow of $326.4 million, mainly from GBTC, BITB, and FBTC, while BlackRock’s IBIT saw an inflow of $60.4 million.
• Spot Ethereum ETFs had a net outflow of $428.5 million, with ETHA leading at $310.1 million. ETH price decreased by 4% to $3,990.

Stablecoin Movement

• Binance experienced a USDT inflow of approximately $1.4 billion on Oct. 12, followed by a net outflow of just over 190 million USDT, suggesting market fear and uncertainty.
• Stablecoin outflows from exchanges often indicate negative sentiment, potentially leading to market-wide selloffs.