Bitcoin trades near $83K as market attempts to stabilise; spot ETF outflows signal cautious institutional sentiment

Bitcoin trades near the $83,000 mark on Monday as the market attempts to stabilise after recent selling. ETF flows remain volatile. The cryptocurrency was trading at $83,313 mark.In the past 24 hours, Bitcoin was up 0.42% and Ethereum was up 2.09% to trade around $2,551 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano gained up to 2.39%.Vikram Subburaj, CEO, Giottus said ETF flows remain volatile. US spot Bitcoin ETFs saw heavy outflows on October 7 and 8, signalling cautious institutional sentiment.