--- title: "Bitcoin down 2% in October as ETF redemptions reach $228.4 million" description: "Bitcoin Magazine reports bitcoin traded near $82,393, up about 2% over the past day but down over the seven-day period and down 2% since the start of October. The outlet attributes last week's U.S. ETF outflows to speculative selling, citing Farside Investors data showing $228.4 million redeemed…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-no-uptober-yet-bitcoin-slips-07371149a16e2b" published: 2026-10-20T09:03:17.000Z updated: 2026-10-20T10:19:59.000Z indexable: false --- # Bitcoin down 2% in October as ETF redemptions reach $228.4 million Bitcoin Magazine reports bitcoin traded near $82,393, up about 2% over the past day but down over the seven-day period and down 2% since the start of October. The outlet attributes last week's U.S. ETF outflows to speculative selling, citing Farside Investors data showing $228.4 million redeemed… Attributed sources: [Bitcoin Magazine]() ## Key facts Bitcoin Magazine reports bitcoin traded near $82,393, up about 2% over the past day but down over the seven-day period and down 2% since the start of October. The outlet attributes last week's U.S. ETF outflows to speculative selling, citing Farside Investors data showing $228.4 million redeemed from BlackRock, Fidelity and Grayscale products. The report calls the October move a slow start to a historically strong month. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.07% (20/10/2026, 09:03 → 20/10/2026, 09:08, UTC; OKX · USDT); 1 hour: +0.08% (20/10/2026, 09:03 → 20/10/2026, 10:03, UTC; OKX · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 09:03, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.07% | -0.07% | 0.00 pp | 20/10/2026, 09:03 → 20/10/2026, 09:08 | OKX · USDT | | 1 hour | +0.08% | +0.08% | 0.00 pp | 20/10/2026, 09:03 → 20/10/2026, 10:03 | OKX · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 20/10/2026, 09:03 | ## Claims and open questions - Bitcoin was recently trading close to $82,393, up close to 2% over the past day but still down over a seven-day period, according to Bitcoin Magazine. - According to Farside Investors data cited by Bitcoin Magazine, U.S. investors redeemed $228.4 million in shares from ETFs managed by BlackRock, Fidelity and Grayscale last week. - Bitcoin Magazine reports bitcoin's price has dropped 2% since the beginning of October, a month in which it has typically surged. - The exact ETF flows behind the $228.4 million redemption figure — per-fund amounts and whether outflows continued after last week — would need confirmation from issuer filings or Farside Investors data. - Whether the reported $82,393 level and the 2% October decline reflect the same reference time as the redemption data is unclear; exchange price records would confirm the pairings. - The report's characterization of bitcoin as being in a bull market relies on named analysts, not on an official statement; the analysts and their methodology would need to be identified to confirm it. ## Source evidence - [No ‘Uptober’ Yet: Bitcoin Slips 2% in a Month That’s Historically Bullish]() — Bitcoin Magazine; published 19/10/2026, 16:18; received 20/10/2026, 09:03 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.