Bitcoin Retreats Toward Multi-Month Lows as ETF Outflows and Treasury Premiums Reverse

Bitcoin is pulling back toward multi-month lows as the drivers behind its October rally have reversed, NYDIG reports. Spot ETF flows have turned negative, digital asset treasury premiums have compressed, and stablecoin supply has declined for the first time in months. NYDIG's head of research characterized the shift as "actual capital flight."