Bitcoin falls below $83,000 as ETF outflows hit $773 million ahead of US CPI report

Bitcoin fell below $83,000 on October 13 after investors pulled back from riskier assets in anticipation of the upcoming US Consumer Price Index (CPI) report, set for release on October 14. Ongoing net outflows from Bitcoin exchange-traded funds (ETFs) added further pressure to the cryptocurrency market. Spot Bitcoin ETFs in the United States recorded substantial net outflows, totaling approximately $773 million over four trading sessions from October 7 to October 12, data from Farside Investors showed. The withdrawals reflected weaker institutional demand and compounded uncertainties surrounding the current market environment.

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