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Hashmeta_x
LIQTober isn't just a liquidation story. It's a liquidity story.
Two things happened at once:
$BTC ETF flows snapped a nine-day, 148.7 million in net outflows on Oct 1. Fidelity's FBTC led the exit with $125.6 million out. BlackRock's IBIT ended its own nine-day run.
At the same time, market liquidity is thinning. BTC order book depth fell from $35.7 billion to $33.5 billion. Ethereum dropped from $13.9 billion to $13.6 billion. Solana slid from $4.28 billion to $3.35 billion.
Morgan Stanley: $BTC BTC is mirroring gold in the 1970s.
$Gold corrected hard, then broke out to new highs.
Bitcoin looks like it’s on the same path.
If this continues, the real breakout could still be ahead.
$BTC #BTCETF7DayInflows3B

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