NewsSignals AI analysis·Via TRADINGVIEW·Nov 2, 2026

Key facts: BTCUSD falls; ETF outflows; Bitwise lifts forecast to $1.6M

Grade Abearish AI signal$BTC

Bitcoin faced renewed selling pressure in October as spot ETFs recorded $643.3 million in net outflows on October 30, the month's largest daily withdrawal, while BTC fell to $77,000. BlackRock's Bitcoin ETF saw $234 million in outflows and Fidelity's fund lost $201 million on Friday, as the Fear and Greed Index dropped from 70 to 36; Bitwise nevertheless raised its long-term Bitcoin forecast to $1.6 million by 2036. Persistent ETF outflows and deteriorating sentiment could keep near-term pressure on BTC, while Bitwise's higher long-term projection highlights continued bullish expectations over the decade ahead.

Bullish strength: 30/100

Bitwise raised its long-term Bitcoin forecast to $1.6 million by 2036.

Bearish strength: 70/100

Bitcoin ETFs recorded $643.3 million in net outflows on October 30.
BTC fell to $77,000 on Thursday.
BlackRock's Bitcoin ETF saw $234 million in outflows and Fidelity's fund shed $201 million.
The Fear and Greed Index dropped from 70 to 36.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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