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

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-10-12 11:22 ingested 2026-10-13 02:57

[original source ↗](https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/bitcoin-trades-near-83k-as-market-attempts-to-stabilise-spot-etf-outflows-signal-cautious-institutional-sentiment/articleshow/134891588.cms)

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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. Elevated oil prices, a stronger dollar and uncertainty over the US Federal Reserve's next move are also weighing on risk appetite.
Also Read |AMFI Data: MF SIP inflows hit record high of Rs 32,490 crore in September
The global crypto market capitalisation was up 0.86% to $2.83 trillion, according to the data on CoinMarketCap.
Minal Thukral, Executive VP-Growth & Crypto Business Head at CoinDCX said Bitcoin continues to consolidate around $83,600 as the weekend trade failed to attract buying volume.
Over the last week, Bitcoin was down 2.97% and Ethereum was down 6.11%. Among the major altcoins, BNB, Tron, Dogecoin, Hyperliquid and Cardano corrected up to 9.52%.
Prateek Gupta, Head of Business, Mudrex said Bitcoin is trading near $83,500, supported by news of an energy ceasefire between Russia and Ukraine. The rebound follows more than $2.4 billion in liquidations, while US spot Bitcoin ETFs saw $681 million in outflows, ending a three-week inflow streak.
However, underlying demand remains strong, with whales reportedly accumulating around 15,000 BTC in 72 hours and corporate holdings increasing by 193,000 BTC this year, Gupta further said.
Market perspective
CoinSwitch Markets Desk: Bitcoin is trading around $83.8K on October 12, recovering from last week's dip towards $80K but remaining below the $87K resistance area. The recovery comes against a backdrop of a U.S. dollar near an 18-month high, elevated Treasury yields and renewed Middle East tensions.
Riya Sehgal, Research Analyst, Delta Exchange: Crypto markets are stabilising after last week's deleveraging, with Bitcoin near $84,000 and Ethereum above $2,500. The move still looks like a relief recovery rather than a confirmed reversal.
Also Read |Equity mutual fund inflows jump 31% MoM to Rs 38,306 crore in September; smallcap funds log record collection
Nischal Shetty, Founder, WazirX: Bitcoin trades near $83,412 in a constructive but consolidating daily structure, with RSI at 53 showing balanced momentum. Immediate support lies around 83,200 - 83,300, while 83,600 - 84,100 forms resistance.
Avinash Shekhar, Co-founder and CEO, Pi42: Bitcoin is trading around $83,800, showing signs of recovery after last week's decline. However, the rebound remains cautious as a stronger US dollar, elevated bond yields and uncertainty around the Federal Reserve's interest rate outlook continue to influence market sentiment.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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document fetched 2026-10-13 02:57