Bitcoin Price Struggles Below $84K as BTC ETFs Record $65.4M in Outflows

Key Insights The Bitcoin price is trading just under $84,000 after a rebound from the $81,000 area. US spot Bitcoin ETFs posted $65.4 million in net outflows on October 12, a day after a $21.13 million inflow. Ethereum ETFs extended their outflow streak to eight trading days with another $85.4 million leaving the funds. Bitcoin price faced renewed pressure as U.S. spot exchange-traded funds (ETFs) recorded $65.4 million in net outflows. The withdrawals came on Monday, Oct. 12, reversing the previous trading session’s modest inflows.